Federal Reserve’s Regulatory Change Boosts XRP, RLUSD Hopes

The Federal Reserve’s recent announcement eliminating the need for bank approval on cryptocurrency and USD-backed stable asset transactions has sparked a wave of excitement within financial markets. This shift is being closely watched by Ripple as their RLUSD stablecoin initiative gains momentum. Analysts anticipate that XRP, currently trading at $2.19, could potentially rise to $10 once more, driven in part by the increased access for banking institutions and growing trust in the RLUSD platform.