XRP Eyes Breakout as Stablecoins EURØP and USDB Launch on XRP Ledger
By Leon Okwatch
May 23, 2025 – 4:35 AM UTC
In a significant development for the XRP ecosystem, XRP is trading at $2.45, marking a 2% increase over the past 24 hours as the market anticipates the impact of two newly launched stablecoins on the XRP Ledger (XRPL). The introduction of these stablecoins is expected to enhance liquidity on the network and expand their use cases within the growing XRPL ecosystem.
On May 22, Ripple announced that Schuman Financial, a financial services firm based in Paris, has successfully launched its euro-denominated stablecoin, EURØP, directly on the XRPL. The asset is compliant with the Markets in Crypto-Assets Regulation and is issued by a licensed electronic money institution overseen by France’s Autorité de Contrôle Prudentiel et de Résolution (ACPR), a unit of the French central bank. Notably, EURØP is fully backed by reserves held in major financial institutions, including Societe Generale, and is subjected to regular audits by KPMG.
"The launch of EURØP signifies the next wave of financial innovation happening on-chain," said Martin Bruncko, CEO of Schuman Financial. He praised the XRPL’s robust infrastructure, which has already facilitated over 3.3 billion transactions across 200 independent validators. This stablecoin is designed to support a variety of real-world applications, including tokenized assets, business-to-business transactions, and international payments.
On the same day, Brazil’s Braza Group announced the launch of its dollar-pegged stablecoin, USDB, on the XRP Ledger. USDB is backed by U.S. and Brazilian government bonds and is also subject to regular audits. The stablecoin is targeted at both institutional clients and retail users, particularly focusing on remittances and commercial transactions through Braza’s mobile application.
Braza Group boasts over 15 years of experience in the Brazilian financial sector, processing more than $1 billion in transactions daily through its interbank systems. According to CEO Marcelo Sacomori, the company aims to capture a significant share of Brazil’s USD stablecoin market, aspiring to achieve a 30% market share by the end of 2025. Sacomori believes that stablecoins are poised to eclipse traditional foreign exchange markets, highlighting the XRP Ledger as a pivotal platform for this evolution.
The launches of EURØP and USDB are expected to bolster XRPL’s position as a competitive platform for regulated digital settlements. The influx of liquidity will open avenues for real-world applications within both European and Latin American markets, aligning with the ongoing trend of compliance-focused blockchain adoption.
Technical Analysis of XRP’s Current Position
From a technical perspective, XRP is currently consolidating around $2.47, just beneath critical resistance levels. The relative strength index (RSI) is neutral at 59, suggesting potential for further upward movement before the market turns overbought. While momentum indicators present a mixed outlook with a slight short-term bearish bias, XRP’s upward-trending 10- and 20-day moving averages provide ongoing support, indicating that the bullish trend remains intact.
Analyzing future price targets, if buyers successfully push XRP above the $2.58 resistance level, a potential upward target of $2.80 could be on the horizon, potentially leading to a retest of the psychological $3.00 level. Conversely, failure to overcome resistance might lead to a retreat towards support levels around $2.30 or even $2.16, where the 50-day moving averages converge.
As the cryptocurrency landscape continues to evolve, the introduction of stablecoins on the XRP Ledger could play a crucial role in shaping the future of digital finance. The integration of EURØP and USDB highlights the growing adoption of blockchain technology within regulated environments, potentially setting the stage for significant advancements in the financial sector.
For further updates on the volatility and dynamics of the cryptocurrency market, stay tuned as we continue to cover developments across the blockchain landscape.
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