#XRP NEWS FLASH 🚨 A recent study was conducted to evaluate the fair market value of XRP, revealing that its true worth is estimated to be between $3,500 and $22,000.
This significant range highlights the potential for substantial valuation within the cryptocurrency market.
$XRP RLUSD gets New York regulator approval, XRP breaks downtrend The NYDFS approved the RLUSD stablecoin, according to Ripple CEO. Over the previous month, whales moved 2.66 billion XRP tokens to Binance.
XRP may retest $3 after surging almost 7% after Ripple's announcement. Tuesday, Ripple CEO Brad Garlinghouse announced that the New York Department of Financial Services (NYDFS) approved the debut of its stablecoin RLUSD. Despite on-chain statistics showed a massive supply pool flooding Binance, XRP rose roughly 7% following the announcement.
RLUSD launches after New York authorities approve, whale supply hits Binance CEO Brad Garlinghouse said on Tuesday in an X post that the NYDFS has accepted Ripple's RLUSD stablecoin for listing over a week after rumors of an actual debut. The permission allows RLUSD to launch on major exchanges.
RLUSD is a stablecoin pegged 1:1 to the US Dollar. Ripple promises that US Dollar deposits, short-term government treasuries, and other cash equivalents will support RLUSD, like USDT and USDC. Ripple released RLUSD in April and began beta testing on XRP Ledger and Ethereum in August.
Ripple introduced Uphold, Bitstamp, Bitso, MoonPay, Independent Reserve, CoinMENA, and Bullish as RLUSD exchange partners in October. Market makers B2C2 and Keyrock will provide liquidity. This partnership ensures stablecoin availability and market efficiency.
Some crypto community members believe RLUSD's introduction would boost XRP by giving Ripple a less volatile asset to expand its remittance and settlement services. XRP rose almost 7% from $1.90 after RLUSD's acceptance. After a week of loss, the market recovered, maybe owing to whale selling pressure.
The Binance exchange reserve fell by 320 million XRP throughout the same time. Bulls have taken advantage of whale selling.
XRP might recoup $2.58 and test resistance at $3, where it previously saw severe selling pressure, if it sustains its rally.
To continue rallying, XRP must stay above $1.96. The premise fails if daily candlesticks close below $1.35.
$XRP bulls could target a new all-time high at $3.57
Ripple's $XRP smashed the $2.58 resistance on Monday, sparking liquidations of more than $91 million in the past 24 hours, per Coinglass data. Liquidated long and short positions accounted for $38.67 million and $52.47 million, respectively.
$XRP Hello XRP All holders Good morning. Good luck to everyone.I hope you get a little surprise today. XRP ALL-TIME high 3.84$ The possibility of a breakout is fast approaching. Everyone, keep an eye on the market. #XRPTrends
IF you follow me, we’ll get rich together in this bull run. XRP
I wish you all the beautiful things in life, always. 🫶🌤️
..Make sure to keep holding your $XRP and don’t forget to claim your #FLR token rewards if you are an xrp Holder.…it's a good source of liquidity. Swap your allocated flare tokens to get more $XRP
As I’ve mentioned before, XRP is currently facing a short correction—but don’t panic! This temporary pullback is nothing to fear because TOMORROW, two game-changing events are about to rock the world of XRP! 💥 🔥 Two Major Events That Will Skyrocket XRP! 🚀
1. SEC Shakeup: We all know the SEC Chairman has been against XRP, but on December 4th, Trump will be making a HUGE change and appointing a new SEC Chairman! This could completely shift the landscape for XRP and clear the path for MASSIVE growth. 🔄
2. Ripple’s First Stablecoin Launch: Ripple, the company behind XRP, is launching its first stablecoin—RLUSD—on December 4th! This game-changing move will bolster XRP’s credibility and further integrate it into global finance, driving up demand like never before! 📈 📢 What Does This Mean for XRP? Expect a massive surge tomorrow as both of these monumental events unfold. 🚀 XRP is poised for a big breakout, and this short correction will be just a distant memory!
🔥 Don't fear the dip—the future of XRP is looking brighter than ever!