Ripple’s RLUSD Mint Reaches Record High, Amidst XRP Price Uncertainty

Ripple’s native token, XRP, has experienced volatility following the conclusion of its lawsuit against the SEC. Despite this development, Ripple’s stablecoin, RLUSD, is making headlines. The asset recently witnessed a record-breaking 50 million tokens minted at the project’s treasury, signifying a surge in investor interest. The article explores this recent achievement and analyzes XRP price movements after news of legal closure broke, revealing potential future impacts on its market value. While short-term excitement was apparent following the lawsuit conclusion, prices ultimately fell sharply. Despite some bullish predictions for future growth, uncertainty persists regarding XRP’s long-term performance. Experts like veteran trader Peter Brandt are cautious about a potential price drop to $1.2 if support levels are breached. Meanwhile, other analysts remain optimistic, anticipating a rebound toward $2.8 or a sustained bounce from the current market floor. The article delves into these contrasting viewpoints and offers insights on the future trajectory of Ripple’s native token.