As a blockchain-payment firm, Ripple (XRP) is familiar with expansion and providing payment solutions. On July 26, Ripple announced that it had followed a similar path. But this time it was not the usual infrastructural provision for cross-border payments. According to Ripple, it...
- Ripple revealed that it could be involved in a stablecoin development soon.
- Selling pressure has driven XRP to fall below $0.70 since previously hitting $0.84.
- If the MACD rises and RSI falls, then XRP may breakout into another rally.
As a blockchain-payment firm, Ripple (XRP) is familiar with expansion and providing payment solutions. On July 26, Ripple announced that it had followed a similar path. But this time it was not the usual infrastructural provision for cross-border payments.
According to Ripple, its November 2021 partnership with the Republic of Palau has resulted in the development of a stablecoin. Furthermore, Ripple added that the proposed stablecoin, which would be pegged to the U.S. Dollar would operate on the XRP Ledger (XRPL).
XRPL Gets to Work
For the unfamiliar, the XRP Ledger is the peer-to-peer public blockchain that allows for real-time transfer of XRP, and other fiat assets. Therefore, it is possible that the development, if concluded, could drive an increase in XRP adoption.
Consequently, this could also leave a positive impact on XRP. But from the technical outlook XRP which just partially came out of a battle with the U.S.…
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