Ripple (XRP) has lately been one of the central cryptocurrency tokens attracting heavy volume. The token is up for a massive haul, a transformation that may help the XRP soar to new highs. Ripple is all set to unveil its stablecoin RLUSD on December 17, grabbing immense attention for its much-hyped stablecoin launch. Will this launch help XRP achieve new price highs?
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XRP Gears Up To Launch RLUSD
Source: Ripple
Ripple is all set to launch its highly anticipated stablecoin RLUSD in the market. This new stablecoin is all set to go live on major platforms like Moonpay, Uphold, CoinMena, and Bitso. The general sentiment surrounding the launch of RLUSD is majorly bullish, with murmurs of XRP securing a new high that is already gaining traction within the realm.
Backed by the US dollar, RLUSD is dubbed as a defining moment for the XRP ecosystem, ushering in a wave of auspicious developments to take over the ecosystem soon.
Ripple’s official statement concerning RLUSD discusses the ecosystem honoring the elements of transparency in all senses and aspects.
“RLUSD will be initially available on Uphold, Bitso, MoonPay, Archax, and CoinMENA. With additional listings on platforms such as Bullish, Bitstamp, Mercado Bitcoin, and Independent Reserve. Zero Hash, and others expected in the coming weeks. Each RLUSD token is fully backed by U.S. dollar deposits, U.S. government bonds, and cash equivalents. Designed to ensure its stability, reliability, and liquidity. To maintain the highest standards of transparency. Ripple will publish monthly, third-party attestations of RLUSD’s reserve assets, conducted by an independent auditing firm.”
Speaking about the stablecoin in detail, the CEO of Ripple, Brad Garlinghouse, shared how RLUSD can truly be a game changer for global economics.
“As the U.S. moves toward clearer regulations, we expect to see greater adoption of stablecoins like RLUSD, which offer real utility and are backed by years of trust and expertise in the industry.”
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ChatGPT Predicts Token’s Price Post RLUSD Launch
Per the AI, XRP could soar as high as $2.70 in a neutral bullish prospect. At the same time, the short-term bullish scenario can also push XRP’s price to soar as high as the $3.20 price mark.
The AI also predicted a medium-term analyst for XRP, in which the token can soar to claim the $4 price mark.
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Long-term analysis for XRP concluded that the token may hit $4.50 if RLUSD adoption booms and thrives in all associated sectors and domains.
