CandleFocus Whales Buy up XRP Amid RLUSD's Debut on Major Exchange
2024-12-25
Author: Content Editor
XRP price has been trading sideways recently, but on-chain data shows that whales have been accumulating XRP, which could indicate a potential breakout. The main potential catalysts for XRP are RLUSD stablecoin listings, XRP spot ETF approval, and progress in the Ripple vs SEC case. RLUSD stablecoin has launched on several exchanges and is expected to drive demand for XRP. The crypto industry is hopeful for XRP ETF approval and a resolution to the SEC case under the new leadership at the SEC. XRP is currently trading at $2.30 and indicators suggest a potential short-term bullish momentum. Bullish, an institutional crypto exchange, has listed RLUSD. The stablecoin has a market cap of $53 million and is generating increasing trading volume. RLUSD will be initially available in select regions but is exploring ways to enter the European market.
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