XRP: Price Unchanged Amid RLUSD Launch and Smart Contracts Integration

by Giorgi Kostiuk

2 years ago

Made with AI

Current Situation of XRP Price
Launch of RLUSD Stablecoin
Expert Opinions and Questions

Despite the upcoming technological advancements such as the RLUSD stablecoin launch and smart contracts integration on the XRP Ledger (XRPL), the price of XRP remains unchanged.

Current Situation of XRP Price

The price of XRP has remained stable despite announcements from Ripple regarding the upcoming launch of the RLUSD stablecoin and the integration of smart contract capabilities on the XRPL. The Ripple community is actively discussing these advancements, but no market changes have been observed so far.

Launch of RLUSD Stablecoin

Ripple CEO Brad Garlinghouse recently announced the launch of the RLUSD stablecoin, which will be pegged to the US dollar. According to Garlinghouse, RLUSD is currently in a private beta phase and will be available in the coming weeks.

Expert Opinions and Questions

XRP advocate and community member Bill Morgan expressed doubts on Twitter about the potential impact of these developments on the price of XRP: 'Just my observation, but neither the news that Ripple will bring smart contract capability to the XRPL nor that the RLUSD will go live in the next few weeks has impacted in any discernible way on the price of XRP.'

Just my observation, but neither the news that Ripple will bring smart contract capability to the XRPL nor that the RLUSD will go live in the next few weeks has impacted in any discernible way on the price of XRP.Bill Morgan

While the Ripple community discusses the anticipated technological changes, investors and market participants continue to observe the price dynamics of XRP, evaluating the impact of these advancements.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Tier I

Requires 25% Tier Progress to Claim

Meme Cache

Tier I

Requires 50% Tier Progress to Claim

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Tier I

Sector: #18291

25%

50%

75%

100%

Tier II

Survivors rescued:

0 / 600

Survivors

0/0

Transmit Signal

Broadcast this sector's coordinates to other rescuers.

Other news

Payward to Acquire Saldo Bank for European Banking Expansion

Payward, the parent company of Kraken, plans to acquire Lithuania-based Saldo Bank to enhance its banking capabilities and integrate banking products with crypto services.

Maria Fernandez16 hours ago

Germany's Sparkassen Group Begins Cryptocurrency Trading Rollout

Germany's Sparkassen savings bank group is starting a phased rollout of cryptocurrency trading within its existing banking app, beginning on October 19, 2023.

Gustavo Mendoza17 hours ago

CME Group to Launch Bitcoin Cash and Uniswap Futures on October 19

CME Group has scheduled the introduction of Bitcoin Cash and Uniswap futures for October 19, providing institutional traders with more cryptocurrency markets.

Rajesh Kumar18 hours ago

Ethereum's Glamsterdam Upgrade Scheduled for Hoodi Test Network

Ethereum's next major upgrade, Glamsterdam, is set to activate on the Hoodi test network on October 26, marking a significant step in testing changes to block production and execution costs.

Miguel Rodriguez19 hours ago

International Crackdown on West African Scam Networks Results in 28 Arrests

An international effort against West African scam networks has led to 28 arrests and the removal of over 37 million accounts linked to fraudulent activity.