Ripple 
$0.62915announced that the upcoming RLUSD stablecoin launch will positively impact the price of XRP. Ripple CEO Brad Garlinghouse stated at the 2024 Korea Blockchain Week (KBW) event that RLUSD will be launched “in weeks, not months.” After this announcement, the cryptocurrency industry waited for the launch of RLUSD and the impact it would have on Ripple.
Impact of RLUSD on XRP
Information leaked from Ripple shows that RLUSD will support the price of XRP. A former Ripple employee who worked on Ripple’s On-Demand Liquidity (ODL) product explained that RLUSD will be paired with XRP and will attract liquidity to the altcoin due to its listing on global cryptocurrency exchanges.
Industry Reactions and Criticisms
On the other hand, there are also criticisms against Ripple’s RLUSD plan. Ripple critic named Jungle said that RLUSD will lack the necessary features over XRPL and that the stablecoin will come before Ethereum 
$2,644He drew attention to the rumors that it would be released in . Jungle targeted the Ripple development team, stating that XRP is no longer among the top three blockchains.
Opinions of Experts
Experts agree that RLUSD could push the XRP price higher. YouTuber named 24hrsCrypto stated that RLUSD will provide a stable value for transactions and thus XRP’s bridging capabilities will increase the market value. Ripple CTO David Schwartz stated that RLUSD, like USDT and USDC, can be obtained from exchanges by retail investors.
Ripple has started minting the RLUSD coin on the Ethereum and XRP Ledger Blockchains since September 28. These preparations are considered critical for the successful launch of the stablecoin.
The price of XRP is trading above the $0.60 threshold after the last break. Following the developments, some analysts expect the price to rise to $1.32. However, the risk of price decline depending on market dynamics is also taken into account.
The launch of RLUSD is considered an important turning point for the future of XRP. The success of the stablecoin could strengthen Ripple’s overall strategy and XRP’s position in the market.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
