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Reading: Fed’s New Policy Sparks Excitement for XRP and Ripple’s RLUSD
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COINTURK NEWS > Ripple (XRP) > Fed’s New Policy Sparks Excitement for XRP and Ripple’s RLUSD
Ripple (XRP)

Fed’s New Policy Sparks Excitement for XRP and Ripple’s RLUSD

In Brief

  • The Fed's decision removes permission requirements for banks on crypto transactions.

  • Ripple's RLUSD may gain traction, boosting investor interest in XRP.

  • XRP shows strong potential for price increases based on technical indicators.

İlayda Peker
İlayda Peker 3 weeks ago
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The Federal Reserve’s recent decision to remove the requirement for banks to seek prior permission for transactions involving cryptocurrencies and USD-backed stable digital assets has sent shockwaves through the markets. Coupled with Ripple’s RLUSD initiative, expectations are rising that XRP could soon target the $10 mark again.

Contents
Fed Lifts Restrictions, Eyes on RLUSDXRP Gathers Momentum According to Technical Data

Fed Lifts Restrictions, Eyes on RLUSD

In its announcement, the Fed stated that banks are no longer required to notify authorities prior to engaging in cryptocurrency or stable digital asset transactions. The focus will shift to monitoring these transactions under traditional regulatory processes. This decision marks a significant turning point, especially for stable digital currency projects based in the U.S.

Ripple $2’s RLUSD stable digital currency has once again come into the spotlight following this development. Designed to comply with U.S. regulations, RLUSD could be more easily integrated by banks, potentially expanding its use cases. Currently holding a market value of $294 million, RLUSD’s trading volume has already surged by 45% in a short period.

Market sentiment suggests that this easing might attract attention not only from institutions but also from individual investors. Expectations indicate that RLUSD’s integration into the banking system could bolster confidence in Ripple’s infrastructure, directly increasing interest in XRP.

XRP Gathers Momentum According to Technical Data

As of this writing, XRP is trading at $2.19. Recent price fluctuations following a rise indicate that investors are cautiously trying to surpass the psychological barrier of $2.30. However, technical analyses show that XRP still resides in a strong demand zone, with buyers concentrating at this level.

As long as XRP does not drop below this level, the potential for a new rally remains on the table. Analysts point out that breaking above the $2.72 level could increase XRP’s momentum and allow it to test new highs in the medium term. The RSI indicator remains above 50, but it cannot yet be said that bulls have fully taken control.

A market analyst known as BarriC expressed that if RLUSD is adopted by banks and the overall market remains positive, it is technically possible for XRP to reach $10 by the end of 2025. However, he also cautioned that should prices fall below $1.90, the bullish outlook could significantly weaken.

In light of the recent developments, interest in XRP has increased among investors, and the new policies seem to positively impact market perception. When examined alongside technical data and news trends, XRP is signaling the potential for new moves in the upcoming period.

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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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İlayda Peker 25 April, 2025 - 2:31 pm 25 April, 2025 - 2:31 pm
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