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Chainlink (LINK) Price News: Tumbles 6% as Technical Breakdown Trumps UBS, FTSE Partnership

Chainlink's LINK token dropped 6% to $14.59 as significant volume overwhelmed recent bullish developments, including partnerships with UBS and FTSE Russell. The token broke key technical support at $15.26 during trading, confirming a bearish trend characterized by high volume indicating aggressive selling. Despite UBS announcing the first tokenized fund transaction using Chainlink's technology and FTSE Russell's blockchain integration for major indices, these announcements failed to halt the decline. Technical analysis noted a descending channel's formation and a 57.81% increase in trading volume, signaling potential further downside towards the $14.00 mark before any stabilization.

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XRP Creator's RLUSD Hits $1B Milestone

Ripple’s RLUSD stablecoin has exceeded $1 billion in market capitalization less than a year after its launch in December 2024, becoming the 10th largest U.S. dollar-backed stablecoin. Its growth has been driven by increasing institutional demand and expanding payment flows, with a significant portion of its supply issued

XRP Creator's RLUSD Hits $1B Milestone

Ripple's RLUSD stablecoin has soared past $1 billion in market capitalization just under a year after its launch in December 2024, now ranking as the 10th largest U.S. dollar-backed stablecoin. The token's growth is attributed to increasing institutional demand and an expanding payments infrastructure facilitated

XRP Creator's RLUSD Hits $1B Milestone

Ripple’s RLUSD stablecoin has surpassed $1 billion in market capitalization within less than a year of its launch in December 2024, positioning itself as the 10th largest U.S. dollar-backed stablecoin. The circulating supply is divided between $819 million on the Ethereum blockchain and $203 million on the XRP