Palau Explores National Stablecoin with Ripple Labs; FGHT Offers Alternative Crypto Prospects

• The Republic of Palau is working with blockchain company Ripple Labs to explore the prospect of developing a “national stablecoin”.
• The current XRP/USD pair is trading at $0.3560 with a small bearish bias and is struggling under the $0.3715 level.
• Investors looking for alternative cryptos with better short-term prospects can consider presales of FightOut (FGHT).

The Republic of Palau is actively exploring the possibility of developing a “national stablecoin” with blockchain company Ripple Labs. This news has exerted bearish pressure on XRP, causing its price to fall.

The XRP/USD pair is currently trading at $0.3560 with a small bearish bias. The XRP/USD has been struggling under the $0.3715 level, and candle closings below this level have triggered a bearish movement. XRP is currently trading sharply lower near the 0.3576 level. A break below the 0.3560 level may expose the XRP price to the next support level of 0.3445. Leading technical indicators such as MCD and RSI are trading in a bearish zone, indicating that the market is currently in a strong selling trend. In addition, a bullish breakout of the 0.3715 level could expose a ripple toward the 0.3810 level.

With the current market slowdown, XRP’s price prediction remains bearish as it struggles below the $0.3715 level. Despite occasional setbacks, like the bankruptcies and arrests of some of its previous major players, several governments are eager to join the crypto bandwagon and are considering the formation of national stablecoins.

Investors looking for alternative cryptos with better short-term prospects can consider presales of FightOut (FGHT). FGHT platform functions similarly to a personal trainer, with the exception that the FGHT token is proactively rewarded to users for their physical activities. This reward system, combined with a passion for physical activities, creates an interesting and comprehensive user experience.

In conclusion, the XRP price prediction remains bearish as it struggles below the $0.3715 level. Despite this, the Republic of Palau is actively working with Ripple Labs to explore the prospect of developing a “national stablecoin”. Investors looking for alternative cryptos with better short-term prospects can consider presales of FightOut (FGHT).