{"id":810635,"date":"2024-12-07T10:18:09","date_gmt":"2024-12-07T16:18:09","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2024\/12\/07\/xrp-news-is-rlusd-a-threat-to-xrp-heres-what-experts-are-saying\/"},"modified":"2024-12-07T10:18:09","modified_gmt":"2024-12-07T16:18:09","slug":"xrp-news-is-rlusd-a-threat-to-xrp-heres-what-experts-are-saying","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2024\/12\/07\/xrp-news-is-rlusd-a-threat-to-xrp-heres-what-experts-are-saying\/","title":{"rendered":"XRP News : Is RLUSD a Threat to XRP? Here\u2019s What Experts Are Saying"},"content":{"rendered":"
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\"XRP<\/figure>\n<\/div>\n
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XRP recently saw a significant price drop, falling from $2.59 to $2.31<\/a> within just 24 hours. This 12% decline also reduced its market cap to $131.42 billion, causing XRP to lose its spot as the third-largest cryptocurrency, now behind Tether (USDT). Additionally, futures trading volume dropped from $32 billion to $16 billion, signaling a decrease in market activity.<\/p>\n

Here\u2019s everything you should know.<\/p>\n

Why Did XRP\u2019s Price Fall?<\/strong><\/h2>\n

The price drop is mainly due to increased selling pressure and market speculation, especially after the delay of Ripple\u2019s RLUSD token launch<\/a>. This delay has sparked concerns in the community that RLUSD could negatively affect XRP, which was initially set to operate on the XRP Ledger (XRPL).<\/p>\n

However, many analysts dismiss these fears, and here\u2019s why they\u2019re not a major concern.<\/p>\n

RLUSD Won\u2019t Replace XRP, It Will Enhance It<\/strong><\/h2>\n

Vincent Van Code, a key figure in the XRP community, cleared up the confusion around Ripple\u2019s RLUSD token. He confirmed that RLUSD will not replace XRP but will enhance the XRP Ledger. XRP remains the backbone of the XRPL, enabling efficient cross-border transactions and addressing the flaws of traditional forex systems.<\/p>\n

Through XRP, currencies like AUD and USD can be paired directly with it, cutting costs and boosting efficiency.<\/p>\n

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Is #RLUSD<\/a> a threat to #XRP<\/a>? <\/p>\n

Long read, but hopefully it helps understand how #XRPL<\/a> is unique.<\/p>\n

People often think #Ripple<\/a> is abandoning #XRP<\/a> and simply going to use RLUSD. They are wrong.<\/p>\n

Let me explain. So in FOREX, you have currency pairs. Major ones are EUR\/USD, USD\/JPY,\u2026<\/p>\n<\/div>\n

\u2014 Vincent Van Code (@vincent_vancode) December 6, 2024<\/a><\/p><\/blockquote><\/div>\n<\/figure>\n

A key feature of the XRP Ledger is its auto-bridging capability, which makes currency conversions easy. For example, sending RLUSD to someone in RLYEN is smooth due to XRPL\u2019s decentralized exchange (DEX) <\/a>and automated market maker (AMM) pools. These pools help stabilize prices and keep things running smoothly, even during market volatility.<\/p>\n

XRP continues to play a central role in powering this system.<\/p>\n

Ripple\u2019s Strategy<\/strong><\/h2>\n

Ripple\u2019s CTO, David Schwartz, emphasized that XRP is vital to the XRPL because it is decentralized and doesn\u2019t rely on a middleman. While RLUSD introduces new features to the ecosystem, it works alongside XRP rather than replacing it. Experts believe RLUSD\u2019s launch could increase XRP\u2019s value over time, with predictions ranging from modest gains to a potential high of $10 within a year.<\/p>\n

Ripple Labs CEO Brad Garlinghouse mentioned that RLUSD will mainly target large institutional players. He added that once RLUSD is available, Ripple will use both RLUSD and XRP in its cross-border payment solutions, improving the overall user experience.<\/p>\n

While it\u2019s still unclear whether RLUSD poses a threat to XRP, XRP\u2019s recent rise toward the end of the year shows it still has strong growth potential. The launch of RLUSD could provide a boost to this positive momentum<\/a>, rather than acting as a setback.<\/p>\n

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Never Miss a Beat in the Crypto World!<\/h5>\n

Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.<\/p>\n<\/div>\n

XRP\u2019s resilience and its crucial role in the XRPL keeps it firmly in the spotlight.<\/strong><\/p>\n

FAQs<\/h2>\n
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Why did XRP\u2019s price drop recently?<\/strong><\/strong><\/p>\n

XRP fell from $2.59 to $2.31 due to increased selling pressure and speculation surrounding the delayed RLUSD token launch.<\/p>\n<\/div>\n

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Will RLUSD replace XRP on the XRP Ledger (XRPL)?<\/strong><\/strong><\/p>\n

No, RLUSD complements XRP on XRPL. XRP remains core to cross-border transactions and auto-bridging features.<\/p>\n<\/div>\n

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Can RLUSD boost XRP\u2019s value over time?<\/strong><\/strong><\/p>\n

Yes, experts believe RLUSD\u2019s launch could drive XRP adoption, with predictions of a potential price increase in 2025.<\/p>\n<\/div>\n<\/div>\n<\/div>\n

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We’d Love to Hear Your Thoughts on This Article!<\/h2>\n
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\n Qadir AK<\/p>\n","protected":false},"excerpt":{"rendered":"

XRP recently saw a significant price drop, falling from $2.59 to $2.31 within just 24 hours. This 12% decline also reduced its market cap to $131.42 billion, causing XRP to lose its spot as the third-largest cryptocurrency, now behind Tether (USDT). Additionally, futures trading volume dropped from $32 billion to $16 billion, signaling a decrease<\/p>\n","protected":false},"author":1,"featured_media":810636,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[140013,3042],"tags":[],"class_list":["post-810635","post","type-post","status-publish","format-standard","has-post-thumbnail","category-rlusd","category-threat"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/810635","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=810635"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/810635\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/810636"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=810635"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=810635"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=810635"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}