XRP Gains Momentum as Bitget Lists Ripple’s RLUSD Stablecoin
Cryptocurrency exchange Bitget has strategically expanded its USD-pegged stablecoin offerings by listing Ripple USD (RLUSD) on its spot trading platform. This move positions Bitget among a select group of exchanges supporting RLUSD, which launched six months ago under the regulatory oversight of the New York Department of Financial Services. The listing underscores Bitget’s focus on institutional-grade assets and could further bolster confidence in Ripple’s ecosystem. Currently, XRP is trading at 2.29880000 USDT, reflecting steady market interest. This development highlights the growing adoption of Ripple-backed stablecoins and their potential to enhance liquidity and stability in the crypto market.
Bitget Lists Ripple’s RLUSD Stablecoin, Expanding USD-Backed Offerings
Cryptocurrency exchange Bitget has added Ripple USD (RLUSD) to its spot trading platform, marking a strategic expansion of its USD-pegged stablecoin offerings. The move positions Bitget among a select group of exchanges supporting the token, which launched six months ago under the regulatory oversight of the New York Department of Financial Services.
RLUSD’s listing reflects Bitget’s focus on institutional-grade assets with clear compliance frameworks. "This is particularly important for institutions seeking transparency in today’s evolving digital asset landscape," said Bitget CEO Gracy Chen. The exchange plans to leverage the listing as part of its 2025 strategy to enhance institutional offerings.
Despite Ripple’s efforts to broaden RLUSD’s ecosystem, the stablecoin remains absent from major platforms like Binance and Coinbase. Current support is limited to secondary exchanges including Kraken, Bitstamp, and BitMEX, according to crypto aggregator data.
Is XRP Price Rally Over? Key Price Levels to Watch Ahead
XRP price has remained stagnant NEAR $2.30, sparking concerns among traders about a potential end to its rally. The asset dipped 0.5% to $2.28, with trading volume surging 26% to $2.6 billion. Over the past week, XRP has lost more than 5%, while futures open interest declined 2%, signaling reduced investor appetite for risk.
Analyst EGRAG CRYPTO identifies critical support and resistance levels that could determine XRP’s next major move. A breakout above key resistance may propel the token toward double-digit gains, while a breakdown below support could halt the bull run. Market participants are closely watching these thresholds for directional cues.
XRP’s Tug-of-War: Bulls Eye $2.36 While Bears Lurk Below $2.23
XRP trades at $2.2931, eking out a 0.57% gain amid broader bearish sentiment. The asset struggles to break free from a downtrend marked by lower highs since mid-May, with the 9-period TEMA at $2.2803 underscoring weak bullish conviction.
Technical indicators paint a neutral picture: Bollinger Bands hint at impending volatility, while the RSI at 46.71 and MACD reflect stagnant momentum. A decisive close above $2.36 could shift the narrative, but failure to hold $2.2282 support may accelerate declines.
Bitget Expands Stablecoin Offerings with Ripple USD (RLUSD) Listing
Bitget has bolstered its stablecoin portfolio by adding Ripple USD (RLUSD) to its spot trading platform. The MOVE underscores the exchange’s commitment to providing high-utility digital assets amid growing institutional demand for compliant solutions.
RLUSD, a USD-backed stablecoin issued by Ripple’s NYDFS-chartered trust company, operates on both XRP Ledger and ethereum networks. Its segregated fiat reserves and regulatory clarity position it as a preferred choice for enterprise blockchain applications.
The listing reflects Bitget’s strategic focus on assets that bridge traditional finance and Web3 ecosystems. "This partnership with Ripple accelerates crypto adoption through regulated, institutional-grade solutions," the exchange noted, highlighting RLUSD’s unique compliance framework among stablecoins.
