Will XRP Holders Gain From Ripple’s Moody’s-Rated Stablecoin?

The FOMC meeting today may cause volatility in cryptocurrency markets. Bitcoin, Ethereum, and XRP are facing resistance, with Bitcoin ETF inflows contrasting Ethereum outflows. The Fed's decision and guidance will impact market sentiment, with a 93.4% chance of rates staying unchanged. Bitcoin is near $81,230, Ethereum at $2,363, and XRP at $1.33.

XRP has shown a buy signal on its three-day chart, with large holders accumulating 46.87 billion tokens, or 68.5% of tracked supply, according to Santiment. XRP trades near $1.30 as Ripple announces new banking and custody arrangements. Analysts identify key support and resistance levels, while Ripple secures final approval for its national trust bank.

Ripple CEO Brad Garlinghouse announced major developments at the Ripple Swell event, including partnerships with Robinhood and BNY, regulatory progress, and a Moody's rating for RLUSD. XRP price saw a jump to $1.35, with potential for further gains if key support levels hold.

Ripple's RLUSD stablecoin received Moody's A2 long-term and P-1 short-term ratings, boosting institutional credibility. Ripple also gained approval to establish a national trust bank to manage RLUSD reserves. The development raises questions about whether XRP can capture value from RLUSD's growth, similar to Binance's BUSD and BNB ecosystem, though Ripple's model differs.

Ripple's Swell conference featured announcements including a partnership with Robinhood, expanded ties with BNY Mellon, and a new corporate treasury product. Treasury Secretary Scott Bessent highlighted the role of stablecoins in extending the dollar's global reach. Ripple also received a federal bank charter for managing reserves. The company is positioning itself as a provider of dollar-backed infrastructure.

Ripple and Robinhood partnered to integrate Ripple's $RLUSD stablecoin into Robinhood's retail and institutional platforms. $RLUSD is live on Robinhood Chain and Bitstamp, with app integration expected later this year. $XRP, the native asset of the XRP Ledger, traded at $1.32, up 2.2% over 24 hours, with a market cap of $83.7 billion. The deal expands stablecoin access and institutional settlement services, with Ripple Treasury and Ripple Prime also integrated.