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    Chandan Gupta is a crypto analyst and news writer at CoinPedia. He specializes in market analysis using on-chain metrics and industry insights to forecast market trends. With over four years of trading experience, Chandan simplifies complex concepts in technical and on-chain analysis, making them easy to understand. At CoinPedia, he leverages his expertise to identify and present emerging opportunities in the cryptocurrency space

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    Ripple USD (RLUSD) Launches on Global Exchanges, XRP Price Drop Ahead?

    The most awaited Ripple Labs stablecoin Ripple USD (RLUSD) is now live on global exchanges after a prolonged period of struggle and hurdles with legal agencies. The cryptocurrency industry sees the launch as a major development for Rippleโ€™s native token, XRP, which was strongly influenced after yesterday’s announcement.

    Features of Ripple USD (RLUSD)

    According to the latest updates from Ripple on X (formerly Twitter), this is an enterprise-grade stablecoin built for everyone, combining fiat stability with blockchain efficiency, maintaining a constant value of one US dollar.

    The launch of RLUSD is issued on the XRP Ledger and Ethereum blockchain and is fully backed by a segregated reserve of cash and cash equivalents, redeemable 1:1 for US dollars.

    With RLUSD, users can access instant payments globally 24/7, seamless on/off ramps, and the ability to access value in real-world assets. The report also states that Ripple USD allows businesses to send funds worldwide, backed by stability, trust, and compliance.

    Source: Ripple

    RLUSDโ€™s Impact on XRP

    With this launch, Rippleโ€™s XRP soared significantly. It is currently trading near $2.67 and has experienced a price surge of over 13% in the past 24 hours. During the same period, its trading volume jumped by 165%, indicating heightened participation from investors and traders.

    $115 Million in XRP Inflow Onto the Exchangesย 

    However, this price surge and the RLUSD launch have attracted significant investors and long-term holders, as reported by the on-chain analytics firm Coinglass.

    Source: Coinglass

    Data from XRP spot inflow/outflow revealed that exchanges have witnessed a significant $115 million worth of XRP inflow, which signals potential selling pressure. In the cryptocurrency context, “inflow” refers to the transfer of assets from wallets to exchanges, which potentially indicates a sell-off and suggests a possible price decline in the coming days.

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