The price of XRP has seen a significant decline following the launch of its RLUSD stablecoin. Once reaching as high as $2.73, XRP experienced a sharp dip of over 18% just 24 hours after Ripple’s stablecoin went live.

This downturn raises questions about investor sentiment regarding RLUSD, its integration processes, and the overall market environment. The mixed reception may indicate ongoing concerns surrounding stablecoins and their stability, particularly in the current market climate.

Investors are closely watching this trend as they evaluate future potential for XRP in the competitive crypto landscape. Understanding these price movements can provide insights into how new products in the market can influence existing digital assets.