Ripple has come a long way from its trading point in the Q3 of this year, where the XRP price was down 90%. The situation has since changed dramatically. Not only has the XRP price rebounded to over $2, but Ripple Labs' stablecoin, RLUSD, has also received approval.
This recent development has fueled Ripple's recovery amid a broader market correction. With IntelMarkets reporting a remarkable 440% annual gain, the question remains: can Ripple sustain this impressive performance and continue its upward trajectory? Find the details below!
XRP Price Surges As NYDFS Approves The Ripple Labs New Stablecoin RLUSD
Ripple has bounced back from its downtrend influenced by the broader crypto market correction. In the past week, the XRP price surged over 6% to the $2.44 level and Its market cap has also surged 4.50%, signifying a decline in selling pressure
Behind this recent turn around for Ripple, is the approval of its stable coin— RLUSD, by one of the toughest crypto regulators; New York Department of Financial Services (NYDFS). This approval puts RLUSD in the class of stable and reliable digital assets.
RLUSD is pegged 1:1 to the US dollar, and runs on the XRP Ledger and ETH blockchains. This new development makes Ripple a serious competitor to other stablecoin issuers like Circle and Paxos. Since the approval, Ripple's yearly gains have risen to 301%, although experts predict they may not exceed 350% before the year ends.
IntelMarkets Poised To Deliver More Gains For Holders Before Year-end
The launch of the RLUSD stablecoin by Ripple is expected to drive huge price gains for XRP but experts predict this gains would not match IntelMarkets' yearly gains. Since the launch of IntelMarkets' innovative AI-powered trading platform in Q2 of this year, it has consistently achieved feats that more established crypto trading platforms can not compete with.
IntelMarkets has rolled out several innovations, including a Quantum Proof solution designed to prevent breaches in blockchain security, as well as a suite of advanced trading tools that simplify the trading process and maximize profits. Additionally, the platform's user-friendly interface makes it accessible to investors of all experience levels.
With regular smart contract audits and continuous security upgrades, IntelMarkets has proven to be a secure haven for investors and their assets. Looking ahead, the platform is set to elevate blockchain security further with the upcoming Rodeum AI, the first AI-layered blockchain.
Interestingly, since its presale launch, the platform has recorded impressive sellouts within two weeks of each presale stage, raising over $4.1 million in less than 8 months, a feat no other presale has achieved. With its 440% returns for investors, IntelMarkets stays ahead of tokens like XRP in terms of price gains.
The best part? Investors still have a chance to get on the presale at $0.064 per token, with a 20% discount using the “INTL20” promo code. Beyond the registration bonus, new investors will also gain exclusive access to the platform's premium features, along with perks such as staking dividends, trading discounts, and voting rights. Don't miss out— join IntelMarkets' presale now!
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