The price correction that has engulfed the cryptocurrency market over the past two days has not affected the token XRP from Ripple , which has maintained growth of 24% over the past 4,4 hours.
At the moment, its price exceeds $2,33 with a market capitalization of about $127 billion, which makes the asset the fourth in this indicator in the overall ranking.
Price change price XRP in 24 hours. Data from CoinGecko
Perhaps the main factor fueling the rally was the emergence of a future stablecoin Ripple RLUSD CEO Brad Garlinghouse recently announced that the financial product has received “final approval” from the NYDFS.
The list of exchanges and partners will be released soon… when RLUSD launches, you will be the first to hear about it from Ripple .
The company outlined its plans to create a stablecoin pegged to the US dollar in April of this year, and a few months later, it underwent testing, in which millions of tokens were minted and burned.
The regulatory approval of RLUSD has generated a lot of excitement in the community Ripple Some of its participants expect that stablecoin "will do XRP "the number 1 cryptocurrency."
The surge of optimism was also felt by some analysts, such as Ali Martinez, who wrote that XRP "looks undervalued after breaking out of this huge multi-year symmetrical triangle." He set a conservative target of $8,40 and an optimistic one of $48,12.
