The post Ripple’s Stablecoin Secures NYDFS Approval, Sparks Positivity for These Top 3 Coins appeared on BitcoinEthereumNews.com.

SPONSORED POST* Things are starting to look brighter for Ripple (XRP) as its regulated stablecoin, $RLUSD recently gained approval from the New York State Department of Financial Services (NYDFS). Following a disclosure by its CEO, Brad Garlinghouse that the new stablecoin will be going live soon, the price of Ripple (XRP) has attracted bullish sentiments. Amid this positivity, fast-rising presale star– Lunex Network (LNEX) is receiving special attention, with many considering it to be the next best DeFi project. With robust capabilities, this low-cap gem is poised to grow exponentially and surpass top cryptocurrencies like Toncoin (TON) by 2025. Ripple Token Attracts More Price Positivity As Its Network Expands After its delayed launch which was supposed to happen on the 4th of December, $RLUSD is finally close to its launch as Ripple’s CEO, Brad Garlinghouse shares a new approval report. In a recent X post, Brad Garlinghouse announced that $RLUSD has received a final approval from the New York State Department of Financial Services. This news has sparked more positivity for Ripple (XRP). The launch of its stablecoin signifies a wider expansion of its network, which could potentially lead to a price upsurge for XRP token, while ultimately increasing the activity on Ripple network. Meanwhile, the price of XRP is currently holding within a weekly range of $1.98 and $2.61 while having maintained over 270% surge in the past month. This was accompanied by a 66% rise in the past two weeks and 2%. Analysts also remain bullish on the future price of XRP as BarkMeta signaled that XRP is gearing up to form the biggest candle in history. Toncoin Price Falls Below Support Level Amid Mild Retracement Although, Toncoin (TON) is currently up by 23% in the past month, its value is still struggling below its weekly support threshold…

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Filed under: News - @ December 15, 2024 9:51 pm