XRP
Why XRP is up 1.1% in the last hour
Analysis
XRP rose about 1.1% over the past hour as sentiment got a boost from reports that Ripple is working with Japan’s SBI Group to launch its RLUSD stablecoin in the country, a development that markets may view as supportive for Ripple’s ecosystem (CoinGape). This uptick came despite broader market pressure tied to Bitcoin’s sell-off that had recently been dragging major alts—including XRP—lower (Decrypt).
Contributing Factors (2)
XRP News: Ripple Taps SBI Group to Launch RLUSD Stablecoin in Japan
In major XRP news today, Ripple has launched its Ripple USD (RLUSD) stablecoin in Japan after receiving regulatory approval. The stablecoin is available through SBI VC Trade for both institutional and...
'Painful' Bitcoin Sell-Off Drags Ethereum, XRP and Dogecoin Lower as Crypto Stocks Dive
Bitcoin's slide to its lowest point in 21 months slammed the price of leading altcoins, while pressuring crypto stocks on Wall Street.
Move Details
Explanation Confidence
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