Ripple’s new product may sideline XRP
Ripple has introduced a new platform called Ripple Mint, which allows banks and trading firms to create and cash in RLUSD, a dollar-backed digital token.
The company’s expansion into global finance is primarily through RLUSD, not XRP.
This shift may continue to decrease XRP’s value, potentially to $0.60 by late 2027, as banks prefer the stability of RLUSD over the volatility of XRP.