Crypto firm Ripple recently achieved a major milestone, providing a bullish outlook for the XRP price . XRP is also seeing significant demand amid the launch of the U.S. spot ETFs, which could trigger a price surge for the altcoin.

Ripple Developments That Are Bullish For The XRP Price

In a press release , Ripple announced that its stablecoin RLUSD has gained recognition as an accepted Fiat-Referenced token by Abu Dhabi’s financial regulator. This enables the use of the stablecoin within the region’s financial markets. This marks a positive for the XRP price, as it could boost RLUSD’s demand , thereby increasing the demand for the altcoin as the native token of the XRP Ledger.

Notably, the on-chain analytics platform Sentora (formerly IntoTheBlock) recognized RLUSD

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