Cryptocurrency News & Discussion

The original post: /r/cryptocurrency by /u/CryptoNerd_16 on 2024-12-17 09:41:34.

Ripple is launching its stablecoin RLUSD Today, creating excitement in the crypto world. XRP has risen 135% in the past month and is aiming for the $3 mark this week.

• XRP broke above $1 in November and quickly moved towards $3, facing a few dips.
• On December 10, XRP dropped to $1.98, but quickly bounced back to $2.5 as RLUSD was launched.
• If XRP breaks $3, it could reach a new all-time high of $3.317, set in January 2018.

RLUSD will be available on major exchanges, regulated by the New York Department of Financial Services (NYDFS). Many believe its launch could help XRP break new price records.