Ripple President Monica Long recently discussed the upcoming stablecoin Real USD and its relationship with XRP. Long emphasized that the stablecoin and XRP are complementary and additive, aiming to address concerns over the RLUSD launch. XRP saw a slight increase and held above $0.47 on Friday.
During a podcast interview, Long shed light on the role of RLUSD in the ecosystem, the Real World Asset (RWA) narrative, and the changing stance of institutional investors towards cryptocurrency. She reassured that RLUSD is designed to enhance cross-border payment remittance and seamless transfers without hindering XRP’s utility. Long affirmed that XRP will remain central in Ripple’s payment solutions, with RLUSD introduced to complement the use of the altcoin.
In terms of technical analysis, XRP has been experiencing a downtrend since March 11, struggling to break resistance at $0.50. There is a possibility of a 5% decline, with support at $0.4508. The MACD momentum indicator supports this bearish trend. If Ripple starts to recover, it could climb towards the nearest Fair Value Gap between $0.4825 and $0.4841, facing resistance at $0.4955 before reaching the psychological barrier at $0.50.