Ripple Labs has made headlines in the crypto space after minting 20 million RLUSD stablecoins on the Ethereum blockchain.
This development comes as XRP price has seen a significant rebound, climbing from around $1.00 to $1.40 following a bullish divergence signal.
The sharp move was also attributed to whales buying 300 million XRP, while $1.25 billion in shorts were liquidated, adding to the token's momentum.
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