The XRP price has surged significantly today, and the crypto has again flipped Tether’s USDT to become the third largest by market cap. This price surge is thanks to fundamentals such as Ripple’s RLUSD launch, which provides a bullish outlook for XRP.
Why The XRP Price Is Up Today
The XRP price has surged over 10% in the last 24 hours thanks to bullish fundamentals such as the RLUSD launch. As CoinGape reported, the RLUSD stablecoin went live today, sparking a bullish sentiment in the XRP ecosystem.
This stablecoin launch presents a bullish outlook for XRP, considering the amount of liquidity it will inject into the coin’s ecosystem. In an X post, crypto analyst Egrag Crypto highlighted how bullish the RLUSD launch is.
The analyst noted that the total market cap for stablecoins is still hovering around $200 billion. According to him, this signifies immense growth potential, of which XRP could become a major player in its ties to the stablecoin.
Amid this XRP price surge, thanks t
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