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Ripple's XRP token loses 58% value amid shift to stablecoin RLUSD.
Ripple has secured major partnerships and completed significant acquisitions, yet its XRP token has lost 58% of its value.
The company's shift toward its stablecoin, RLUSD, is replacing XRP in its payment network, reducing demand for the token.
Additionally, monthly supply unlocks and high selling pressure from holders at $1.44 weigh on the price.
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El token XRP de Ripple pierde el 58% de valor en medio del cambio a la stablecoin RLUSD.