XRP Set for Breakout as EURØP and USDB Stablecoins Go Live on XRP Ledger
XRP is selling at $2.45, up 2% in the last 24 hours as anticipation builds for the launch of two fully supported stablecoins on the XRP Ledger.
The launches are expected to add new liquidity to the network and enhance stablecoin use cases within the XRPL ecosystem. On May 22, Ripple announced that Schuman Financial, based in Paris, launched its euro-denominated stablecoin, EURØP, directly on XRPL.
The asset complies with the Markets in Cryptoassets Regulation and is issued by a regulated electronic money institution overseen by France’s ACPR, a central bank unit. EURØP is completely supported by reserves in significant institutions like Societe Generale and is subject to regular audits by KPMG.
Martin Bruncko, Schuman’s CEO, described the launch as “the next wave of financial innovation happening on-chain” and commended XRPL’s robust infrastructure, which has already processed over 3.3 billion transactions across 200 independent validators.
The stablecoin is suitable for a variety of real-world applications, including tokenised assets, B2B, and international commercial payments.
On the same day, Brazil’s Braza Group launched USDB, a dollar-pegged stablecoin, on the XRP Ledger. USDB is backed by government bonds from the United States and Brazil and is audited regularly. It is aimed at both institutional and retail clients, with a focus on remittances and commercial transactions through Braza’s mobile app. With more than $1 billion travelling through its interbank systems each day, Braza has over 15 years of experience in the Brazilian financial sector. By the end of 2025, the company expects to have a 30% market share in Brazil’s USD stablecoin market.
According to CEO Marcelo Sacomori, stablecoins will eventually supplant existing foreign exchange markets, and he sees XRPL as a vehicle for this transition.
EURØP and USDB want to present XRPL as a competitive platform for regulated digital settlements. The fresh liquidity inflows enable real-world applications in Europe and Latin America, consistent with the larger trend of compliance-focused blockchain adoption.
On the technical front, XRP is consolidating around $2.47, just below resistance. With the relative strength index neutral at 59, there is still room for more gains before the market becomes overbought. Momentum indicators are mixed, with a modest short-term negative bias.
However, XRP’s upward-sloping 10- and 20-day simple and exponential moving averages remain supportive, indicating that the bullish trend is still intact.
If buyers can push XRP above the $2.58 resistance zone, the next upward target might be around $2.80. A retest of the psychological $3.00 level may then occur. Failure to cross resistance might cause a reversal to support around $2.30 or even $2.16, where the 50-day moving averages converge.
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