performs Its Rivals

rency market continues to struggle following the latest correction, with many leading digital assets charting minor losses on a daily scale. However, this is not the case for Ripple’s XRP, whose price has risen by 6% in the past 24 hours.

The cryptocurrency market has seen a slight correction, with several leading digital assets reporting minor losses on a daily basis. However, Ripple’s XRP has managed to outperform its peers, boasting a 6% price gain in the past 24 hours.

After notching several new milestones throughout the past month, XRP/USD has now set its sights on the next level of resistance. It p[pulled back from the highs of $2.56 on Friday, May 12, and touched a low of $1.98 on Monday, May 15, before bouncing back.

At the time of writing, XRP is currently trading at around $2.32, according to CoinGecko’s data. Its market capitalization is approximately $132 billion, making it the fourth-largest cryptocurrency.

Earlier today, an executive at Ripple confirmed that the company will be integrating Chainlink’s (LINK) Price Feed for its new stablecoin, Rise Labs USD (RLUSD). The news was shared by Ben Brandt, the Global Head of Institutional Products at Ripple, on X, formerly Twitter.

“Excited to confirm that we will be using Chainlink Price Feed for Rise Labs USD (RLUSD). A huge step forward in delivering best-in-class products to our institutional clients. Huge thanks to the teams at Chainlink and Rise Labs for their collaboration on this critical integration,”

“We are also working closely with major exchanges and crypto partners to list RLUSD on their platforms as quickly and efficiently as possible. Exchange and partner listings will be live soon – and reminder: when RLUSD is live, you’ll hear it from Ripple first.”

Brandt added that XRP has “the most powerful chart in all of the crypto world.”

It is worth noting that the market observers made the remarks at the time when the coin’s valuation was well above $2.50. However, at the start of this week, XRP experienced a severe pullback, briefly dropping below $2 before recovering some of the losses.