Ripple's RLUSD: #XRP Price Growth $3.
The anticipated launch of Ripple's stablecoin RLUSD has fueled optimism about its potential impact on XRP prices. At present, XRP is trading at $2.255, marking a 7% surge in the last hour alone. As the holiday season approaches, the market seems to be embracing a bullish sentiment, with many investors hopeful for a stronger rally in $XRP .
Market analysts have projected that XRP could reach near $3 by the end of the year, driven by the momentum of its recent surge. Should RLUSD officially launch in the coming weeks, Ripple's ecosystem could experience even more growth, potentially elevating XRP’s price further.
Although Ripple CEO Brad Garlinghouse has not announced a specific launch date for RLUSD, the recent approval from the New York State Department of Financial Services (NYDFS) signals significant progress and sets the stage for exciting developments ahead.
