XRP has outperformed Bitcoin and other major cryptocurrencies, with Dogecoin experiencing losses. The upcoming release of U.S. inflation data is expected to heavily influence interest-rate decisions and potentially impact crypto markets. XRP saw a surge of 7% following regulatory approval for the RLUSD stablecoin by Ripple Labs. The stablecoin will be issued on both the XRP Ledger and Ethereum networks, potentially boosting the ecosystem and decentralized finance applications involving XRP. Prior to the announcement, there was an increase in XRP deposits from whales to exchanges, indicating short-term bearish pressure.



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