XRP eyes breakout as EURØP and USDB stablecoins launch on XRP Ledger:
XRP is trading at $2.45, gaining 2% over the past 24 hours as momentum builds around the arrival of two fully backed stablecoins on the XRP Ledger.
The launches are expected to inject fresh liquidity into the network and expand the stablecoin use cases across the XRPL ecosystem. On May 22, Ripple announced that Schuman Financial, based in Paris, had launched its euro-denominated stablecoin, EURØP, directly on XRPL.
The stablecoin supports several real-world use cases, such as tokenized assets, B2B, and international business payments.
With more than $1 billion passing through its interbank systems every day, Braza has over 15 years of experience in the Brazilian financial sector.
According to CEO Marcelo Sacomori, stablecoins will eventually surpass traditional foreign exchange markets, and he thinks XRPL will be a platform for this transition.
On the technical side, XRP is consolidating at $2.47, just below resistance. With the relative strength index neutral at 59, there is still an opportunity for more upside before the market becomes overbought. $XRP
XRP eyes breakout as EURØP and USDB stablecoins launch on XRP Ledger
XRP is trading at $2.45, gaining 2% over the past 24 hours as momentum builds around the arrival of two fully backed stablecoins on the XRP Ledger.
According to CEO Marcelo Sacomori, stablecoins will eventually surpass traditional foreign exchange markets, and he thinks XRPL will be a platform for this transition.
However, XRP’s upward-sloping 10- and 20-day simple and exponential moving averages continue to support it, indicating that the bullish trend is still in place.
The next upward target for XRP could be around $2.80 if buyers manage to push it above the $2.58 resistance zone. A retest of the psychological $3.00 level might then follow. Failure to clear resistance could result in a pullback toward support around $2.30 or even $2.16, where the 50-day moving averages converge.