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XRP’s price stabilizes as Ripple explores defi

XRP stabilizes above 2.3 USD: XRP has stabilized above the crucial 2.3 USD support following significant gains last month. Despite a mid-December slowdown, XRP showed a staggering 280% surge with an additional 30% increase, peaking near 2.9 USD. The stability at 2.3 USD could lead to either gains or corrections.

Ripple explores DeFi with RLUSD: Ripple is expanding its DeFi initiatives, notably with RLUSD, which reached 52.2 million tokens in early December. The firm is exploring tokenization on the XRPL, with over 200 tokens listed, including SOLO. These moves indicate big ambitions in regulated stablecoin markets, despite limited TVL of 67.77 million USD.

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