XRP is soaring after its creator, Ripple, announced that its planned and unrelated RLUSD stablecoin has finally received regulatory approval and is preparing to launch “soon.” XRP is up 11% in the last 24 hours,

Ripple Labs mints 13.9 million RLUSD tokens across XRP Ledger and Ethereum Network during final testing phase, while XRP price reaches $2.35 amid growing anticipation for the regulated stablecoin's launch.

On the back of mass liquidations, the XRP price seems to have reaffirmed its uptrend with the final approval for Ripple’s $RLUSD stablecoin.

For XRP to do so, it would need to grow from today's price of $2.7 to $891, a 33,000% return. Over 30 years, this works out to an annual rate of 21.3%, more than twice that of the stock market's historical average. Although this wouldn't be strictly impossible, I would venture to say it's probably not going to happen.

The XRP price surged over 6% in the last 24 hours after Ripple CEO Brad Garlinghouse said stablecoin RLUSD had received regulatory approval.

XRP rose 8% after New York's top crypto regulator granted Ripple final approval for its RLUSD stablecoin, with listings coming soon.

The token has surged since the U.S. election, on the expectation that the Trump administration will ease regulatory pressure on Ripple Labs.

The XRP price jumped 6.8% amid news that its stablecoin is approved, but traders rush to buy this ICO before it's too late.