XRP could resume rally as Ripple's RLUSD nears launch
• Ripple CEO stated that the RLUSD stablecoin received final approval from the NYDFS.
• Whales have transferred over 2.66 billion XRP tokens to Binance in the past month.
•XRP could retest the $3 psychological level after rising nearly 7% following Ripple's announcement.
Ripple's CEO Brad Garlinghouse announced on Tuesday that the company received a green light from the New York Department of Financial Services (NYDFS) on the launch of its stablecoin RLUSD. XRP jumped nearly 7% after the announcement despite on-chain data showing a huge supply pool flooding the Binance exchange.
