XRP is trading at $2.45, gaining 2% over the past 24 hours as momentum builds around the arrival of two fully backed stablecoins on the XRP Ledger.
The launches are expected to inject fresh liquidity into the network and expand the stablecoin use cases across the XRPL ecosystem. On May 22, Ripple announced that Schuman Financial, based in Paris, had launched its euro-denominated stablecoin, EURØP, directly on XRPL.
The asset complies with the Markets in Crypto-Assets Regulation and is issued by a licensed electronic money institution under oversight from France’s ACPR, a unit of the central bank. EURØP is fully backed by reserves held in major institutions like Societe Generale and is subject to regular audits by KPMG.
Martin Bruncko, the CEO of Schuman, referred to the launch as “the next wave of financial innovation happening on-chain” and praised XRPL’s robust infrastructure, which has already handled more than 3.3 billion transactions across 200 independent validators.
The stablecoin supports several real-world use cases, such as tokenized assets, B2B, and international business payments.
On the same day, Brazil’s Braza Group introduced its dollar-pegged stablecoin, USDB, to the XRP (XRP) Ledger. USDB is backed by U.S. and Brazilian government bonds and is regularly audited. It is aimed at both institutional clients and retail users, particularly for remittances and commercial transactions via Braza’s mobile app.
With more than $1 billion passing through its interbank systems every day, Braza has over 15 years of experience in the Brazilian financial sector. By the end of 2025, the company hopes to hold a 30% market share in Brazil’s USD stablecoin market.
According to CEO Marcelo Sacomori, stablecoins will eventually surpass traditional foreign exchange markets, and he thinks XRPL will be a platform for this transition.
Together, EURØP and USDB are set to position XRPL as a competitive platform for regulated digital settlements. The new liquidity inflows open up real-world applications in Europe and Latin America, aligning with the broader trend of compliance-focused blockchain adoption.
On the technical side, XRP is consolidating at $2.47, just below resistance. With the relative strength index neutral at 59, there is still an opportunity for more upside before the market becomes overbought. Momentum indicators are mixed, although there is a slight short-term bearish bias.
However, XRP’s upward-sloping 10- and 20-day simple and exponential moving averages continue to support it, indicating that the bullish trend is still in place.
The next upward target for XRP could be around $2.80 if buyers manage to push it above the $2.58 resistance zone. A retest of the psychological $3.00 level might then follow. Failure to clear resistance could result in a pullback toward support around $2.30 or even $2.16, where the 50-day moving averages converge.
Source link