XRP price hangs on threads as Klaken adds rlusd

The CSRP price is traded above the crucial support level on Wednesday after Kraken added his stableCoin.

Ripple (XRP) It was traded from $ 2.10, transition over 37% of its highest level this year. The decline in its market cap led to 126 billion dollars, which makes it a fourth-largest cryptocurious.

The biggest XRP news was that a hide, a top American CRIPTO Exchange, Ripple USD, (Rlusd), His stablecoin. The list gives RLUSD access to over 13 million customers across the United States and other countries.

Rlusd continually grew from his launch several months ago. His market hat jumped at a record high amount of $ 243 million.

What is most important, unlike many larger stablecoins, there are signs that rlusd is actively used in payment and trading. His 24-hour volume consistently performs $ 70 million, while other stablecoys like yield in the US dollar, USD, fraq and Paypal and Paypal rarely exceed 50 million dollars. Since its December launch, RLUSD is handled more than 10 billion dollars in volume.

Ripple Laboratories hope rlusd stablecoin will be the basic part of her Payment ecosystem. On Wednesday, the company integrated RLUSD in scrubbing payments, demand driving and service program.

This integration is designed to facilitate current cross-border payout and create a bridge between FIAT currencies and crypto. It is also expected to play a key role in real-tokenization of world property.

XRP price hangs on threads

There are signs that CSRP price hangs on threads. Only above the level of crucial support to $ 1,910, which is 50% of Fibonacci level of grounds, on the daily chart. This price is also noticeable as a form of heads and shoulders.

The sample of the head and shoulders is a well-known bear bear signal, which is marked top (head), two smaller high (shoulder) and neckline. The decline below this decollet proposes further, potentially according to the level of $ 1.50, which is 61.8% of the Fibonacci River, which is often called the “golden ratio”, where the odds are harder to appear.

On the positive side bulls, the bulls could return and push the price higher in a close idea. The H & S form would be invalid if XRP breaks above the shoulder of the surface to $ 3.