The price of XRP has recently surged to over $2, reaching its highest level since 2018, with a total market capitalization surpassing $100 billion. This strong pump may be related to the upcoming stablecoin RLUSD to be launched by Ripple.

It is reported that the regulatory approval of the stablecoin may be obtained as early as December 4th. Ripple continues to advance the Compliance process, striving to ensure that its new products comply with U.S. regulatory requirements.

The introduction of RLUSD may further enhance the core role of XRP in financial transactions. The potential application of Stablecoin in cross-border payments and financial transactions is huge, which may increase the market demand for XRP and further push up the price. In addition, Ripple continues to deepen its integration with traditional Financial Institution, expanding the practical utility of XRP through the Stablecoin ecosystem, further consolidating its market position.

From Technical Analysis, XRP shows positive short-term, medium-term, and long-term trends. Currently, XRP is trading at 2.39 USD, which is 248% higher than the 200-day simple MA (0.69 USD), indicating strong momentum. In the past 24 hours, XRP has increased by 25.57%, approaching the recent high of 2.49 USD. Additionally, the 24-hour volume to Market Cap ratio of XRP is 0.3888, indicating ample liquidity.

Ripple collaborates with Archax and abrdn to launch the first tokenization currency market fund on the XRP ledger, further expanding its application scenarios. It is predicted that the scale of the tokenization asset market will reach 16 trillion dollars by 2030. The fund aims to improve cost efficiency and Settlement processes, injecting new rise into the Ripple ecosystem. #下一只百倍币会是谁？