Despite a recent dip, XRP price remains resilient, hinting at potential upside following news of Bullish’s successful IPO using RLUSD. The Peter Thiel-backed cryptocurrency exchange, now publicly listed, chose to utilize stablecoins for its $1.5 billion initial public offering, showcasing the increasing adoption of this technology within the cryptocurrency ecosystem. Bullish, a leading player in crypto exchanges, attributed its choice to stablecoin use, citing their transformative potential and highlighting collaborative partnerships with prominent issuers like Circle’s USDC and PayPal’s PYUSD. This move has fueled the rise of Ripple’s own RLUSD stablecoin, which now boasts a market cap exceeding $666 million and daily trading volume surpassing $2 billion. While Ripple (XRP) price is currently hovering near crucial support levels at $3 after dropping 17% from its peak this year, analysts point to a promising cup-and-handle pattern on XRP’s technical chart, indicating potential for significant gains.