XRP dey hang on gidigba as RLUSD stablecoin see sharp fall for trading volume and still dey suspend dem minting
Ripple USD stablecoin wey dem dey call RLUSD don drop for trading volume well well—e drop pass 57% to reach $44.63 million inside 24 hours—since Ripple Labs don stop to dey mint token for over 41 days. The reason wey dem stop fit be say dem wan hold supply steady during market wahala, but e dey make people worry about how e go affect liquidity for dApps and decentralized exchanges wey dey use XRP Ledger. Even though RLUSD activity don fall, Ripple own token XRP still dey stable, e price dey near $2.18 and trading volume don shoot up 75.12% to $3.51 billion. This difference show say XRP dey waka different path from RLUSD performance, because e get strong position for cross-border payments plus e get regulatory nod for Dubai recently. People for industry believe say RLUSD downturn fit be temporary; dem dey expect say demand go better when market condition and rules improve. Crypto traders suppose dey watch Ripple moves well well cos these things fit seriously affect both RLUSD and XRP market chances.
Neutral
Even though RLUSD dey experience sharp drop for trading volume plus di current suspension of minting, XRP don show strong resilience. E price remain generally stable and di trading volume don increase well well, wey mean say traders still dey interested. Di way XRP performance don separate from RLUSD downfall dey stronger because XRP get firm role for global payments plus recent regulatory wins. Analysts dey see RLUSD slump as temporary, with chance to recover if market and regulatory conditions improve. So, immediate effect on XRP na neutral; di ongoing Ripple strategy plus market trends go decide future movement.