# RLUSD

#Ripple receives official approval for its stablecoin #RLUSD for use in regulated financial activities in Abu Dhabi.
Ripple announced that its dollar-backed stablecoin Ripple USD (RLUSD) has been recognized as a resident token on traditional currency by the Financial Services Regulatory Authority in Abu Dhabi, allowing its use within the Abu Dhabi Global Market.
Authorized and licensed individuals from the authority can now use RLUSD in regulated financial activities, fully complying with regulatory standards. This recognition enhances RLUSD's position as a reliable and compliant stablec

$RLUSD bouncing back to $0.9996 ....strong sign that buyers are stepping in again after that earlier dip. This range is turning into a clean support pocket, and if momentum holds, we could see another leg up.
Buy Zone: $0.9994 – $0.9998
TP 1: $1.0002
TP 2: $1.0005
TP 3: $1.0010
Stop Loss: $0.9992
#RLUSD #Rmj-Trades

My quick take on $RLUSD (0.9996)...based on structure, not noise.
$RLUSD is showing a tight, stable price near peg with a marginal +0.02% move, indicating minimal market pressure and strong liquidity support. The moving averages (MA5, MA10, MA30) are flat and clustered around 0.9995–0.9996, suggesting equilibrium and lack of strong momentum either way. The key level to watch is the 1.0000 peg – if $RLUSD slips below 0.9995, it could signal depeg risk; staying above confirms stability. Bullish confidence returns only if the token breaks and holds above 1.0001, indicating renewed demand. Until t

Expand payment operations in #ريبل
#سنغافورة has obtained approval from the Monetary Authority of Singapore to expand its regulated activities in the payment sector.
This license, as a major payment institution, enhances its ability to expand the range of services targeted at enterprises in the Asia region.
The license supports Ripple payments, which use #Ripple and #RLUSD to make fast and secure cross-border transactions.
Ripple continues its global expansion.
#XRP $XRP ‌

$RLUSD is trading around $0.9993, showing no change (0.00%). After some volatility visible in the chart with both red and green candles, the price seems to be stabilizing. Holding above $0.9991 could push it toward $0.9997 – $0.9999 resistance levels. Dropping below $0.9991 might bring a pullback to lower levels before bouncing again. Support looks like it's forming around $0.9991...watching for the next move up.
#RLUSD #Rmj-Trades