Investing.com – is raising eyebrows again as the launch of hotly anticipated stablecoin RLUSD has been postponed amid evidence that the recent XRP rally is the “mother of all rug pulls.” This dynamic development raises questions and reignites the discussion about the stability and future of the digital asset.
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RLUSD launch under observation – stumbling block or strategic patience?
The launch of RLUSD, seen as the next big step for Ripple in the crypto world, has now been postponed indefinitely. The official reason refers to pending approvals, but behind the scenes the rumor mill is simmering.
Ripple CEO Brad Garlinghouse had announced ambitious plans for the stablecoin months earlier, but the regulatory landscape appears unyielding. This tug of war with the authorities could be interpreted as a strategic move to ensure the success of the stablecoin under the highest regulatory standards.
In a recent statement, Ripple emphasized that the launch of RLUSD is still subject to final approval from the New York State Department of Financial Services (NYDFS). “Despite some speculation, $RLUSD will not launch today,” Ripple said in its official statement. This delay causes disappointment for some and excitement for others.
Bitcoin Maximalists on the Warpath: The Fate of
As Ripple struggles to launch RLUSD, Bitcoin maximalists are anything but quiet. With raised voices they predict the impending collapse of XRP. The recent price rally, which saw XRP rise almost 300% in November, is seen by them as unsustainable and a harbinger of a massive price decline.
Rajat Soni, an avowed Bitcoin maximalist, called the rise “unnatural” and suspects it was a classic pump-and-dump scheme. “How could XRP suddenly rise 435% despite a modest increase since 2018?” asks Soni skeptically, not seeing any organic market forces at work.
-XRP Supporters Counter: A Necessary Rise After Suppression?
On the other side of the divide are the proponents of XRP, who strongly disagree with the harsh words of the Bitcoin maximalists. They see the recent price rise as a long overdue correction after years of alleged oppression by SEC pressure.
Market commentator “Captain Kirk” argues that this bounce represents a return to XRP’s natural price level, which was previously artificially suppressed. While Bitcoin proponents maintain their criticism, XRP supporters speak of a new era for the cryptocurrency, driven by trust and growth.
What’s next for Ripple and XRP?
Amid this heated debate, Ripple is at a crucial point. The delay in RLUSD launch and conflicting opinions about the XRP rally raise crucial questions about the direction of the cryptocurrency.
Will Ripple successfully launch RLUSD and set a new benchmark for stability and regulatory compliance? Or will the predicted market turbulence send the price of XRP into an unprecedented free fall? One thing is certain: the outcome of these developments will have far-reaching effects not only on Ripple, but also on the entire crypto world. No matter which side of the debate you find yourself on, the coming weeks will be crucial – for enthusiasts, skeptics and investors alike.
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