XRP: Price Unchanged Amid RLUSD Launch and Smart Contracts Integration

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

  1. Current Situation of XRP Price
  2. Launch of RLUSD Stablecoin
  3. Expert Opinions and Questions


    4. 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

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

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.

Other news

Hut 8 Wins Bid for Poolin's Texas Datacenter Sites

Hut 8 has successfully bid $140 million for two datacenter sites owned by the bankrupt mining company Poolin.

user avatarLucas Weissmann

Senate Banking Committee Democrats Request Hearing on Prediction Markets

Democratic members of the Senate Banking Committee request a public hearing to examine the growing issue of prediction markets and their regulatory implications.

user avatarFilippo Romano

Crypto Economic Activity Remains Strong Despite Market Downturn

Crypto economic activity has shown resilience despite a significant drop in market capitalization, indicating a shift in market dynamics.

user avatarEmily Carter

Visa's Research Highlights Trust as a Barrier to Stablecoin Adoption

Visa's research highlights that trust and fraud protection are essential for stablecoin adoption, with 36% of US respondents considering their use, especially with bank-level protections.

user avatarTomas Novak

Cardano's Onchain Governance Approves New Treasury Allocations

Cardano's governance system has approved a new round of treasury allocations aimed at infrastructure and ecosystem development.

user avatarKaterina Papadopoulou

Galaxy Invests $100 Million in Onchain Credit Infrastructure

Galaxy has invested $100 million in Sky Protocol's yield-bearing sUSDS, integrating it into its corporate treasury and allowing it as collateral for institutional trading.

user avatarMaya Lundqvist

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.