Significant events for Ripple and XRP: RLUSD listing on Kraken and its impact on market trends.
RLUSD Listing on Kraken
The American cryptocurrency exchange Kraken has listed its stablecoin, Ripple USD (RLUSD). This will provide RLUSD access to over 13 million clients globally. Since its launch, RLUSD's market cap has reached a record $243 million. Notably, RLUSD is actively used in payments and trading, with its daily volume often exceeding $70 million.
Current XRP Price Situation
XRP's price is currently above a crucial support level at $1.910. The chart displays a 'head and shoulders' pattern, a known reversal signal. A break below the neckline may indicate further decline towards $1.50.
Future Prospects for RLUSD and XRP
Ripple has integrated RLUSD into its payment system, which should enhance demand and practical use. RLUSD is expected to become a key component in tokenizing real-world assets and improving cross-border payment processing.
XRP and RLUSD positions are drawing market attention due to significant changes and integrations. The future of XRP depends on overcoming technical resistance and successfully integrating RLUSD into the Ripple ecosystem.
