🚀 XRP Ignites 12% Rally After Major Ripple-BNY Mellon Deal — Bullish Momentum Builds!
XRP is making headlines with a strong 12% surge following Ripple’s announcement that BNY Mellon will serve as the custodian for its RLUSD stablecoin. This strategic partnership with America’s oldest bank has fueled optimism across the crypto space, especially regarding the long-term utility of XRP.
The stablecoin RLUSD has launched on both Ethereum and the XRP Ledger, but analysts anticipate a major shift toward XRPL as Ripple moves to integrate smart contracts. Technical analysis shows XRP breaking above a key inverse head-and-shoulders pattern, signaling a potential climb toward $2.87 and even $3.72 in the coming weeks.
With institutional confidence rising, this move could mark a significant step in XRP’s path toward greater adoption and functionality.