Participants in the crypto market, Ripple 
$0.546896He is eagerly awaiting the impact of RLUSD stablecoin launch on the XRP price. While some predict that XRP could reach $2, others find the $1 target reasonable.
Impact of RLUSD Launch on XRP
The announcement of Ripple’s RLUSD stablecoin partners has sparked interest among investors, and it is speculated that this launch will impact the price of XRP. Considering that the lawsuit between the SEC and Ripple caused huge fluctuations in XRP, the RLUSD launch is expected to have a similar impact.
According to the latest developments, Ripple announced stablecoin partnerships with Bitstamp, CoinMEAN, Independent Reserve, Bitso, Uphold, Bullish and MoonPay. While RLUSD’s launch date has not yet been determined, Ripple has announced that it is awaiting regulatory approval. They stated that they are ready to launch the stablecoin globally when the necessary conditions are met.
XRP Price Analysis
The daily XRP price chart shows limited movement within the annual Volume Weighted Average Price (VWAP). It is stated that if Ripple launches the RLUSD stablecoin, an exit above the specified levels may be possible. The first important target is stated to be $0.635:
“Stablecoins are the most important use case of blockchain technology and help solve one of the most prominent problems of modern finance, namely cross-border payments. “We think stablecoins will replace many uses of traditional fiat money faster than ever imagined.”
Uphold CEO Simon McLoughlin noted that stablecoins could replace the use of traditional money, with clear regulations in financial centres.
On the other hand, if XRP’s role in RLUSD is minimal or zero, Ripple price may be negatively affected and a correction may occur. In this case, there is a possibility of falling to $0.5055.
How the XRP price will shape after Ripple’s RLUSD launch may vary depending on its role in the stablecoin ecosystem and general market conditions. Investors continue to determine their strategies based on the results of the launch.
Ripple’s stablecoin launch could be a major turning point in the cryptocurrency market. XRP’s future performance looks set to depend on the success of this launch.
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.
