๐ $XRP โs Moment of Uptrend?
Ripple CEO Brad Garlinghouse announced on Tuesday that the company received approval from the New York Department of Financial Services (NYDFS) โ for the launch of its stablecoin RLUSD. Following the news, XRP surged nearly 7% ๐, despite on-chain data showing a large supply pool moving to Binance ๐.
Key Highlights:
RLUSD Goes Live: Ripple's RLUSD stablecoin has been approved for listing by the NYDFS ๐๏ธ.
Whale Supply Alert: A significant XRP supply has been transferred to Binance, raising speculation ๐ค.
๐ According to Garlinghouseโs announcement via X, the NYDFS green light confirms that RLUSD is now ready for launch on major exchanges ๐.
The Ripple ecosystem continues to grow despite challenges, with this development signaling a bullish phase for XRP ๐.
Will XRP maintain its uptrend, or will the whale activity lead to a correction? Stay tuned!
