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Ripple CEO says RLUSD stablecoin complements XRP, while XRP shows bullish signs for a 71% rally.

Market News
07 Nov 2026, 21:11 WIB
Zycrypto
View Source
Bullish
Ripple CEO says RLUSD stablecoin complements XRP, while XRP shows bullish signs for a 71% rally.

Ripple CEO Bradley Garlinghouse clarified that the RLUSD stablecoin is designed to complement XRP by targeting different use cases, aiming to boost activity on the XRP Ledger rather than compete with XRP. This approach could attract more businesses and institutional users to the network, potentially increasing liquidity and ecosystem growth. Meanwhile, crypto analyst Ali Charts identified a bullish technical pattern on XRP's chart, suggesting a possible 71% price rally similar to one earlier this year. Investors are watching closely to see if this momentum will translate into sustained price gains for XRP, currently trading around $1.16 to $1.28.

As of Nov 08, 2026 02:21 WIB, XRP trades at Rp21.017 on Pluang, showing a 1.87% decline over the past day. Despite the recent price drop, buying interest remains strong with 72% of order activity favoring purchases. The circulating supply stands at 63.5 billion XRP, with a market cap of Rp1.335,06 trillion, highlighting significant liquidity and investor engagement on the platform.

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