XRP Price Prediction: Ripple’s RLUSD Stablecoin Introduction May Spark Significant Price Shift

The XRP value has decreased by 2% today, falling to $0.5556 as the cryptocurrency market experiences a significant 5% decline over the last 24 hours.

Although it has also seen a decline of 2.5% this week, XRP is still up by 18.5% for the month, buoyed by Ripple’s agreement with the SEC and the imminent introduction of its own stablecoin, RLUSD.

Indeed, Ripple CEO Brad Garlinghouse disclosed today that the RLUSD launch – which is currently in private beta – is merely weeks away.

While the 1:1 USD-backed stablecoin may not directly enhance XRP’s usage, it will assist in attracting users to the broader Ripple ecosystem, potentially yielding long-term benefits for the coin’s value.

XRP Price Prediction: Ripple’s RLUSD Stablecoin Launch Might Spark Significant Price Movement

XRP concluded August on a weak note, yet it has now positioned itself for a robust rebound.

Its RSI has remained below 50 for much of the past two weeks, but this morning it bounced back from the oversold range of 30 to approximately 45.

Source: TradingView

While its 30-period moving average (orange) is not showing significant movement at present, it has been below the 200-period average (blue) for over a week.

This further supports the notion that a recovery is imminent, and we may indeed witness a substantial movement once XRP’s resistance (red) and support (green) levels converge.

This convergence could happen soon, as XRP’s trading volume remains relatively robust for an underperforming asset, currently at around $1.1 billion.

However, there hasn’t been a significant whale acquisition in nearly a month, with most large traders likely opting to sell the token at this time.

20,580,000 #XRP (11,542,509 USD) transferred from unknown wallet to #Bitstamphttps://t.co/kqDvqJSa97

— Whale Alert (@whale_alert) September 1, 2024

Nonetheless, there are fundamental reasons to believe that the XRP price will rebound.

One factor is Ripple’s upcoming launch of its RLUSD stablecoin, which the company has tied to the US dollar and backed by US dollar deposits, short-term US treasuries, and other equivalents to liquid cash.

As the stablecoin market is largely dominated by Tether’s USDT and Circle’s USDC (both of which have faced various issues), Ripple’s position in the industry could enable it to capture a significant portion of the stablecoin market.

This could, in turn, increase the number of XRP users in the long run, while Ripple’s ongoing growth following its SEC lawsuit will further enhance adoption.

When combined with a potentially revitalized cryptocurrency market in October (after Fed rate cuts), the XRP price could certainly experience a strong increase.

It may reach $0.7 by November and $0.85 by year-end.

Greater Profits with New Small-Cap Altcoins

Traders who are skeptical about XRP making significant moves may prefer to focus on newer altcoins, particularly those with high potential and trending tokens that could outperform the market.

Predicting which lesser-known coin will achieve this next is notoriously challenging, but one method to narrow down the options is to look for successful presales.

Currently, the most successful ongoing sale appears to belong to the layer-two project Pepe Unchained (PEPU), which has raised over $11.8 million.

We’ve just hit $11.5M!
Pepe Unchained continues to break records, and we’re not slowing down. Thanks to everyone for helping us reach new milestones—exciting developments are on the horizon! pic.twitter.com/LPEjLcrHF3

— Pepe Unchained (@pepe_unchained) September 2, 2024

Pepe Unchained will launch a layer-2 network for Ethereum, enabling nearly instant transactions and competitively low fees.

Its long-term vision is to establish an ecosystem for meme tokens, potentially drawing usage away from Solana and other layer-2 platforms.

Contributing to this will be its greater efficiencies, allowing it to offer double the staking rewards than it would have as a layer-one meme coin operating directly on Ethereum.

This will create a greater incentive to hold PEPU, while its utility as the payment coin for transaction fees will further enhance adoption.

As a coin, it will have a maximum supply of 8 billion PEPU, with its protocol allocating 30% to staking and 20% to its presale.

Also promising is the coin’s expanding community, with its official X account boasting over 12,000 followers.

Read More: Pepe Unchained Price Prediction

Investors can participate in PEPU’s sale on the coin’s official website, where they can purchase PEPU using ETH, BNB, USDT, or fiat currency.

It is currently priced at $0.0094982 per token, although this will increase slightly in a day and a half.

Interested individuals should therefore act swiftly if they wish to acquire the alt at a lower price, especially considering its rising popularity suggests it could experience a significant rally upon listing.

Buy PEPU Now

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