Ripple, its native token XRP, and the stablecoin RLUSD remain in focus as intriguing developments shake the crypto world. This report delves into the latest news surrounding these crucial elements. 🇨🇳
**Ripple’s Global Expansion**
This week, Linklogis, a leading Chinese supply chain finance provider, partnered with Ripple to deploy its application on the XRPL mainnet. This move marks the company’s entrance into the global decentralized financial ecosystem and showcases their continued focus on cross-border trade finance. Further collaborations are expected in areas like stablecoin development and supply chain finance innovation.
**Uphold & XRP: A New Signal?**
Uphold, a U.S.-based exchange known for its past presence in the crypto market, recently released cryptic code that may indicate potential XRP listing. The code, when translated to binary using ASCII standards, reveals the number sequence 01011000 01010010 01010000, which is the binary representation of XRP. This action could signify a possible return of support for the token.
**RLUSD: Stablecoin Momentum Continues**
Last year, Ripple launched its stablecoin, RLUSD, pegged 1:1 to the US dollar. Its primary objective is to expedite cross-border payments and bolster the entire ecosystem.
**Aave & RLUSD:** DeFi protocol Aave recently launched Horizon, a platform allowing tokenized assets to act as collateral for increased market efficiency. RLUSD plays a key role in this platform’s functionality.
**Ripple Price: Bulls Take the Lead**
Last week witnessed XRP price drop significantly, with trading below $2.80. However, the bulls managed to regain lost ground and currently stand at around $3 (per CoinGecko data). Analysts predict further significant gains for the token within this cycle.
**XRP Price Predictions**
X user Mags predicted XRP price targets of $5.20 and $7.30 in the upcoming bull run, while STEPH IS CRYPTO warned investors to exercise caution as the peak of the market could be within a month or two.
**Key Takeaways**
This report explores Ripple’s recent endeavors and the potential impact on XRP price. With exciting developments in global expansion, new collaborations in stablecoin development, and the latest Uphold signals, the Ripple ecosystem continues to be dynamic and intriguing.