FOMO Pay embraces Ripple's RLUSD, while XRP battles resistance. Is now the time to buy XRP, or are there better crypto fish in the sea?
The crypto world's always buzzing, and right now, all eyes are on Ripple (XRP). FOMO Pay's integration of Ripple's USD-backed stablecoin, RLUSD, is making waves, but XRP's price is stuck in a tug-of-war. So, should you buy XRP now, or is it time to look elsewhere?
RLUSD: Ripple's Stablecoin Steps into the Ring
FOMO Pay, a Singapore-based payment institution, just threw its weight behind Ripple's RLUSD for cross-border transactions. This move aims to capitalize on the growing demand for stablecoin transactions, which hit a staggering $4.6 trillion in the first half of 2025. RLUSD, backed 1:1 by U.S. dollars and short-term U.S. government bonds, is designed for trust and compliance. With a market cap exceeding $700 million since its launch in December 2024, it's clear RLUSD is gaining traction.
XRP's Price: A Rocky Road
While RLUSD is making strides, XRP's price is facing some headwinds. After soaring earlier in the year, it's now struggling to break through resistance levels. As of late September 2025, XRP made a decisive technical move by breaking above the 100-day EMA, signaling a potential retest of the $3.00 level. However, it still faces a significant obstacle at the 50-day EMA.
The Million-Dollar Question: Buy Now?
Here's where things get interesting. While XRP showed promise by breaking above the 100-day EMA, analysts are divided. Some believe that if XRP can establish support above the 50-day EMA, it could make another run towards $3.00. Others caution that low trading volume indicates a lack of conviction in the current bounce. A failure to break through the 50-day EMA could send XRP back into a consolidation zone around $2.80-$2.85.
One analyst from The Motley Fool is particularly hesitant to buy XRP right now, suggesting there are better opportunities in other cryptos priced under $5, like Sui. He points out that XRP's large coin supply (60 billion) inflates its market cap, and the fact that Ripple insiders control an estimated 40% of the supply poses a risk of price manipulation.
My Two Cents
Personally, I'm on the fence. RLUSD's adoption is a positive sign for the Ripple ecosystem, but XRP's price action is concerning. The high concentration of ownership and the potential for insider selling are red flags. I'd wait for XRP to convincingly break through the 50-day EMA with strong volume before considering a buy. In the meantime, there are plenty of other fish in the crypto sea.
Final Thoughts: Keep Your Eyes Peeled
The world of crypto moves fast. Keep an eye on XRP's price action, watch for news about RLUSD adoption, and always do your own research before investing. And remember, don't put all your eggs in one basket. Diversification is key to surviving the crypto rollercoaster.
