🚀 $XRP is preparing for a new rise after Bullish's use of RLUSD in the IPO! 💹💰

The XRP currency has faced pressure recently, but it has started to show strong bullish signals after Bullish (backed by Peter Thiel) announced the use of RLUSD as part of its $1.5 billion IPO revenues. 🌐💵

Highlights:

🚨 RLUSD has become one of the fastest-growing stablecoins, with a monthly trading volume exceeding $2 billion and a market cap of $666 million.

📈 XRP formed a "Cup-and-Handle" pattern on the chart, indicating a strong upward potential towards the psychological level of $5.2.

💡 Ripple's recent acquisition of the Rail platform enhances the use of XRP in stable payments and increases the burning of the currency, reducing supply and strengthening the price.

⚠️ Technical support at $2.7; any drop below this may invalidate the bullish outlook.

🔍 In summary: XRP is ready to record new gains supported by stablecoins and Bullish activity, and investors should monitor support and resistance levels.