XRP price explodes, is RLUSD the cause?

[bayu7adi]

The existence of RLUSD which was initiated since August 2024 has a positive bright spot... NYDFS is expected to approve the launch of RLUSD which is targeted for launch on December 4, 2024... after this RLUSD is available, XRP and also RLUSD will be used for cross-border payment purposes... truly an innovation that has shaken the world, until we see the growth of XRP assets reaching 490% in the last month... which was $0.5 in early November, now the price is above $2... until its market cap surpasses USDT and is ranked third on CMC...

source : https://cointelegraph.com/news/xrp-price-surge-trump-win-sec-legal-battle

[MrSpasybo]

The existence of RLUSD which was initiated since August 2024 has a positive bright spot... NYDFS is expected to approve the launch of RLUSD which is targeted for launch on December 4, 2024... after this RLUSD is available, XRP and also RLUSD will be used for cross-border payment purposes... truly an innovation that has shaken the world, until we see the growth of XRP assets reaching 490% in the last month... which was $0.5 in early November, now the price is above $2... until its market cap surpasses USDT and is ranked third on CMC...

It's very difficult to accurately determine the driving force behind XRP price increase in the market. The reasons could be Trump win, the upcoming resignation of Gary Gensler, very good relationship with Trump, the success of RLUSD, the proposed XRP Spot ETF, or a combination of all those reasons ^^

Compared to many other stablecoins in the market, RLUSD has great potential if it can reach Ripple global user base, but it could also limit XRP value in the ecosystem. Regardless, the increase in XRP price is what we are witnessing, and it's driving FOMO as investors also start to look for and wait for crazy price increases from other tokens, especially the old coins in the market. There are many exciting things in the bullrun waiting for us!

[Zed0X]

Honestly, I don't understand how launching a stable coin on one of the blockchains could affect the price this much. I mean, people have been using XRP for cross-border payments for years but maybe the volatility factor (and the prior SEC case) stopped institutional investors from coming in.

If Cardano could have their own, maybe will a price pump too

[bitterguy28]

The existence of RLUSD which was initiated since August 2024 has a positive bright spot... NYDFS is expected to approve the launch of RLUSD which is targeted for launch on December 4, 2024... after this RLUSD is available, XRP and also RLUSD will be used for cross-border payment purposes... truly an innovation that has shaken the world, until we see the growth of XRP assets reaching 490% in the last month... which was $0.5 in early November, now the price is above $2... until its market cap surpasses USDT and is ranked third on CMC...

It's very difficult to accurately determine the driving force behind XRP price increase in the market. The reasons could be Trump win, the upcoming resignation of Gary Gensler, very good relationship with Trump, the success of RLUSD, the proposed XRP Spot ETF, or a combination of all those reasons ^^

i do believe it is not just one particular reason maybe there is no reason at all and everyone is just rising the demand for xrp lol but anyway i do not think that rlusd is the main driving force for the rise of xrp's price because i do not think a lot of people even knew that this was happening if the interest in this thread is anything to go by

my point is i barely hear investors talk about rlusd and i only found out about it because i was reading recent crypto news usually if it is such a huge speaking point i would most likely find out first through this forum or in social media

Compared to many other stablecoins in the market, RLUSD has great potential if it can reach Ripple global user base, but it could also limit XRP value in the ecosystem.

yeah it definitely has an advantage over other stablecoins because it can reach etherem and ledger networks so hopefully it does end up becoming a successful project because for sure xrp will continue to rise if this was to happen

[Azharul]

The existence of RLUSD which was initiated since August 2024 has a positive bright spot... NYDFS is expected to approve the launch of RLUSD which is targeted for launch on December 4, 2024... after this RLUSD is available, XRP and also RLUSD will be used for cross-border payment purposes... truly an innovation that has shaken the world, until we see the growth of XRP assets reaching 490% in the last month... which was $0.5 in early November, now the price is above $2... until its market cap surpasses USDT and is ranked third on CMC...

It's very difficult to accurately determine the driving force behind XRP price increase in the market. The reasons could be Trump win, the upcoming resignation of Gary Gensler, very good relationship with Trump, the success of RLUSD, the proposed XRP Spot ETF, or a combination of all those reasons ^^

Compared to many other stablecoins in the market, RLUSD has great potential if it can reach Ripple global user base, but it could also limit XRP value in the ecosystem. Regardless, the increase in XRP price is what we are witnessing, and it's driving FOMO as investors also start to look for and wait for crazy price increases from other tokens, especially the old coins in the market. There are many exciting things in the bullrun waiting for us!

I think that you could express a best opinion in your post. So i am also agree with your prefer comment. Because we know that US president donald trump win in election is also a very effective source for XRP. Because we know that when donald trump win in election, then we can see that bitcoin price is increase day by day. So i also believe that when bitcoin price is high, then others crypto currency price must be increase. So i believe that within a short time XRP price must be increase in cryptocurrency market.

[MrSpasybo]

I think that you could express a best opinion in your post. So i am also agree with your prefer comment. Because we know that US president donald trump win in election is also a very effective source for XRP. Because we know that when donald trump win in election, then we can see that bitcoin price is increase day by day. So i also believe that when bitcoin price is high, then others crypto currency price must be increase. So i believe that within a short time XRP price must be increase in cryptocurrency market.

I was lucky to buy some XRP a few months ago, so I'm making a little profit from its recent price increase. The profit brings excitement and love for the token and the project, even though it's only a few hundred $ ^^

I don't think the rise of BTC price will lead to the rise of many other tokens. We've seen a failed cycle of XRP in 2021 due to the negative impact of the lawsuit, or recently when BTC recovered from $16K to $74K while many ALTs made new lows to the disappointment of investors. Perhaps XRP has received a lot of good news so it has recovered quickly. If RLUSD continues to be successful, we will see XRP price continue to rise rapidly thanks to Ripple marketing talent!

[erus]

RLUSD seems to be designed to continue to develop Ripple's technology and marketcap so that one day Ripple will also be supported by a stable coin from RLUSD. I think the concept of Ripple is very advanced considering that what Ripple is doing is really wanting to dominate the crypto market by creating a stable coin.
I give a thumbs up to the founder of Ripple because his thinking is very visionary and was able to create the RLSUD coin when the onslaught of stable coins had already been present before such as USDT, USDC, DAI. I am also sure that RLUSD will one day continue to have a positive effect on the Ripple coin. Good Job Ripple valhaalaaaa.

[MrSpasybo]

RLUSD seems to be designed to continue to develop Ripple's technology and marketcap so that one day Ripple will also be supported by a stable coin from RLUSD. I think the concept of Ripple is very advanced considering that what Ripple is doing is really wanting to dominate the crypto market by creating a stable coin.
I give a thumbs up to the founder of Ripple because his thinking is very visionary and was able to create the RLSUD coin when the onslaught of stable coins had already been present before such as USDT, USDC, DAI. I am also sure that RLUSD will one day continue to have a positive effect on the Ripple coin. Good Job Ripple valhaalaaaa.

We rarely hear about the XRP Ledger ecosystem because Ripple faced a lawsuit from the SEC in 2020, however, they have a quite diverse ecosystem and the need for a stablecoin is truly necessary. Ripple is the company leading the entire ecosystem, RLUSD issued by Ripple will have high security and promote the development of many trends in this ecosystem in the future.

I cannot predict the future development of the XRP Ledger ecosystem, but the appearance of RLUSD may cause the recovery and growth of this ecosystem to exceed everyone speculation. We do not forget Ripple financial strength and ability to establish a network of partners and what happened in the bullrun 2017 ^^

• Top XRP Ledger Ecosystem Coins by Market Cap

[Rruchi man]

~

For whatever increase in the value of XRP that we've seen, I don't think we've seen the most yet because next year will be bigger for the entire ripple ecosystem. RLUSD will have a huge effect on XRP's value; there are some speculators who are predicting that 1 XRP can be as big as $3. For any newbie looking for an altcoin to purchase, I encourage you to consider XRP. Do your own research, of course.

[erus]

RLUSD seems to be designed to continue to develop Ripple's technology and marketcap so that one day Ripple will also be supported by a stable coin from RLUSD. I think the concept of Ripple is very advanced considering that what Ripple is doing is really wanting to dominate the crypto market by creating a stable coin.
I give a thumbs up to the founder of Ripple because his thinking is very visionary and was able to create the RLSUD coin when the onslaught of stable coins had already been present before such as USDT, USDC, DAI. I am also sure that RLUSD will one day continue to have a positive effect on the Ripple coin. Good Job Ripple valhaalaaaa.

~snip~

• Top XRP Ledger Ecosystem Coins by Market Cap
  

Oh My God, I just found out that the Ripple ecosystem is very large and I am sure that Ripple is indeed worthy of being ranked 3rd on Coinmarketcap. I also see that the Ripple ecosystem is very solid and has around 32 platforms that depend on the Ripple coin.
https://www.coingecko.com/en/coins/ripple-usd, it turns out that RLUSD has started to be active in the market and I see that RLSUD is very solid because it has a volume of around 1 million USD, indeed this Ripple coin is a good coin and is worth investing in for the long term.

[MrSpasybo]

Oh My God, I just found out that the Ripple ecosystem is very large and I am sure that Ripple is indeed worthy of being ranked 3rd on Coinmarketcap. I also see that the Ripple ecosystem is very solid and has around 32 platforms that depend on the Ripple coin.
https://www.coingecko.com/en/coins/ripple-usd, it turns out that RLUSD has started to be active in the market and I see that RLSUD is very solid because it has a volume of around 1 million USD, indeed this Ripple coin is a good coin and is worth investing in for the long term.

To be honest, I don't know much about any project within the XRP Ledger ecosystem, although I quite like XRP and Ripple. I also don't want to seek opportunities from projects within this potential ecosystem, I just want to hold XRP and will benefit from its strong price increase in a bullrun.

A daily trading volume of only $1M is not enough to impress me or raise high expectations for the positive impact of RLUSD on the XRP Ledger and XRP price. Perhaps we need to wait more to confirm Ripple specific plans for this stablecoin.

[erus]

Oh My God, I just found out that the Ripple ecosystem is very large and I am sure that Ripple is indeed worthy of being ranked 3rd on Coinmarketcap. I also see that the Ripple ecosystem is very solid and has around 32 platforms that depend on the Ripple coin.
https://www.coingecko.com/en/coins/ripple-usd, it turns out that RLUSD has started to be active in the market and I see that RLSUD is very solid because it has a volume of around 1 million USD, indeed this Ripple coin is a good coin and is worth investing in for the long term.

To be honest, I don't know much about any project within the XRP Ledger ecosystem, although I quite like XRP and Ripple. I also don't want to seek opportunities from projects within this potential ecosystem, I just want to hold XRP and will benefit from its strong price increase in a bullrun.

It means that it is fixed that you are a true Ripple hodLer. You don't want to mess around with the coins in the Ripple circle, even though the platform is based on Ripple but you trust the Ripple coin more to HodL.

A daily trading volume of only $1M is not enough to impress me or raise high expectations for the positive impact of RLUSD on the XRP Ledger and XRP price. Perhaps we need to wait more to confirm Ripple specific plans for this stablecoin.

Yes, that's right, this 1 million USD looks small when compared to newly listed coins in various markets such as Meme coins or luanchpool coins on Binance which can exceed their maketcap of more than 20 million dollars. It's just that we are positive that this is a good start because Ripple is able to create a stable coin RLUSD.

[MrSpasybo]

It means that it is fixed that you are a true Ripple hodLer. You don't want to mess around with the coins in the Ripple circle, even though the platform is based on Ripple but you trust the Ripple coin more to HodL.

Yes, that's right, this 1 million USD looks small when compared to newly listed coins in various markets such as Meme coins or luanchpool coins on Binance which can exceed their maketcap of more than 20 million dollars. It's just that we are positive that this is a good start because Ripple is able to create a stable coin RLUSD.

There are many reasons for me to hold XRP: I have XRP in an account that is frozen on CEXs due to the Russia-Ukraine war, and currently, I cannot withdraw my XRP. I also have a small amount of XRP so I have no plans to sell it during the crypto winter 2022-2023. I also bought more XRP right after Ripple win against the SEC because I have experienced 2017, I understand the power of Ripple!

At least RLUSD has not been accused of being involved in unsustainable models such as UST or USDe. We will wait for more reports from Ripple to see how RLUSD will play a role in the XRP Ledger ecosystem in this bullrun. I hope that the success of RLUSD will help XRP price reach $10 in 2025 ^^

[erus]

It means that it is fixed that you are a true Ripple hodLer. You don't want to mess around with the coins in the Ripple circle, even though the platform is based on Ripple but you trust the Ripple coin more to HodL.

Yes, that's right, this 1 million USD looks small when compared to newly listed coins in various markets such as Meme coins or luanchpool coins on Binance which can exceed their maketcap of more than 20 million dollars. It's just that we are positive that this is a good start because Ripple is able to create a stable coin RLUSD.

There are many reasons for me to hold XRP: I have XRP in an account that is frozen on CEXs due to the Russia-Ukraine war, and currently, I cannot withdraw my XRP.

How is that possible? What CEX account is that? Do you live in Russia or Ukraine?

I am sure that the Ripple you have on CEX is worth a lot and may even exceed tens of thousands of dollars.

At least RLUSD has not been accused of being involved in unsustainable models such as UST or USDe. We will wait for more reports from Ripple to see how RLUSD will play a role in the XRP Ledger ecosystem in this bullrun. I hope that the success of RLUSD will help XRP price reach $10 in 2025 ^^

Well, don't let it become UST Terra Luna because as far as I know, UST is very scary to become a strange coin that is worthless if deppeg with USD. We hope that RLUSD is really created and can support the strength of the Ripple ecosystem.