🚀 Ripple Buys Rail — XRP Eyes Stablecoin Breakthrough!
XRP has found solid support at $3.00, breaking a short-term downtrend as the crypto market rebounds.
💰 Ripple’s $200M Move:
Ripple has acquired Rail, a stablecoin-powered payments platform, to accelerate blockchain adoption in global payments. The platform will plug directly into Ripple Payments, which boasts over 60 global licenses and market-leading liquidity.
“Stablecoins are becoming a cornerstone of modern finance,” said Ripple President Monica Long. “With Rail, we’re uniquely positioned to lead the next phase of stablecoin and blockchain adoption.”
📊 Market Snapshot:
• Price: $3.05 (after $3.08 intraday high)
• Key Support: $3.00 | $2.93 (200 EMA) | $2.72
• Resistance: $3.10 | $3.32
• Open Interest: $7.23B (34% down from July’s $10.94B high)
🔍 Technical Outlook:
XRP has broken above its 4H declining channel, holding over critical EMAs (50, 100, 200), signaling short-term bullish momentum. A push past $3.10 could target July’s $3.32 resistance.
With U.S. regulators easing barriers, Ripple’s enterprise-grade, compliance-ready payments network — plus the new RLUSD stablecoin — could fuel fresh XRP demand.