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XRP rebounds above $1.11, showing stronger recovery than Ethereum amid OpenUSD stablecoin launch.

Market News
03 Jul 2026
Tokenpost
View Source
Bullish
pluang ai news

XRP recovered above $1.11 after a sharp dip following the OpenUSD stablecoin announcement, outperforming Ethereum in recovery momentum. Traders defended the $1.00 support level, viewing it as crucial for XRP's next move. The launch of OpenUSD, aimed at global B2B settlements using the XRP Ledger, is a key catalyst but initially caused a selloff due to uncertainty. Market watchers now focus on whether XRP can maintain above $1.00 amid macro and regulatory factors, with potential impacts from Federal Reserve policy and upcoming Russian digital asset laws.

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