A market pundit has presented theories on how the forthcoming Ripple stablecoin RLUSD could potentially boost XRP prices. RLUSD is awaiting regulatory approval from New York authorities and is expected to launch soon. The stablecoin could minimize volatility during XRP transactions, allowing institutions to execute large-scale purchases without worrying about sudden value shifts. This could enhance liquidity in the XRP market by clearing significant portions of exchange order books. As more institutions utilize XRP facilitated by RLUSD, demand and price appreciation could be supported. The pundit presented a scenario in which a bank deposits $1 billion into RLUSD, uses it to purchase XRP, and drives the price from $0.50 to $5 or more. This process could establish higher baseline prices and support the utility and demand for XRP.
- Content Editor ( thecryptobasic.com )
- 2024-12-07
Expert Explains How the Ripple RLUSD Stablecoin Could Propel XRP Prices