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Cryptocurrency News Articles

XRP News: Will RLUSD Launch and Favorable Regulatory Shift Signal the Golden Entry Point for XRP's Next Big Rally?

Dec 23, 2024 at 07:46 pm

Days after NYDFS approved Ripple's RLUSD stablecoin, the hype and bullish sentiment around XRP has reached a fever pitch. The stablecoin launch has expanded Ripple's DeFi reach.

XRP News: Will RLUSD Launch and Favorable Regulatory Shift Signal the Golden Entry Point for XRP's Next Big Rally?

After NYDFS approved Ripple's RLUSD stablecoin, XRP faced a mixed bag of reactions. While the stablecoin launch expanded Ripple's DeFi reach and sparked strategic buying, the Fed rate cut added a bearish touch. But surprisingly, XRP's 24-hour liquidation reached $30.7M.

With Trump's victory and the Senate Banking Committee blocking SEC Commissioner Caroline Crenshaw's renomination, a crypto-friendly regulatory landscape emerged. This, coupled with XRP's previous ATH at $3.8, could pave the way for the coin to reach new heights.

Moreover, the RLUSD stablecoin launch ignited crypto whale accumulation, hinting at increased demand for XRP. Analysts anticipate the stablecoin's utility will propel XRP's adoption.

Finally, rising interest in XRP-focused ETFs signaled promising times ahead for the coin. But beyond XRP's positive news, the market shifted toward ingenuity, with Lunex Network generating immense buzz.

After a successful presale, whispers of "moonshot" potential surrounded Lunex Network. Its purpose-driven essence and ability to obliterate cross-chain trading barriers captivated seasoned investors and crypto whales alike.

As innovation reshaped the market, both XRP and Lunex exemplified the shift toward utility-driven projects, presenting a pivotal moment for investors seeking long-term opportunities in the realm of cryptocurrency.

News source:coincodex.com

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Other articles published on Dec 24, 2024