XRP's price experienced a sharp drop, causing its market cap to decrease by 12% and pushing it out of its position as the third-largest cryptocurrency. This decline is believed to be due to increased selling pressure and market speculation, potentially influenced by the delay in Ripple's RLUSD token launch. However, analysts have clarified that RLUSD will not replace XRP but instead enhance the XRP Ledger. XRP remains at the core of the XRPL, streamlining cross-border transactions and solving inefficiencies in traditional forex systems. Despite uncertainty about RLUSD's impact on XRP, experts believe its launch may help increase XRP's value over time. Ripple's CEO also stated that RLUSD will primarily target institutional players and will be used alongside XRP in cross-border payments. Overall, XRP's recent rise suggests it has the potential for further growth, and the launch of RLUSD could be a positive development for its bullish momentum.



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