TL;DR

• Rumors of a collaboration between Ripple and Cardano have intensified, fueled by discussions between their leaders.
• The main focus is the potential integrating of Ripple’s stablecoin RLUSD into Cardano’s ecosystem.

The Partnership Seems More Likely

The past few months have been rife with rumors about a possible collaboration between Ripple and Cardano. It all started in mid-November when Charles Hoskinson (Cardano’s founder) had a conversation with Brad Garlinghouse (Ripple’s chief executive officer). It remained unclear what they discussed, but the former described the latter as “a great CEO,” adding that he is “extremely collaborative.” 

Garlinghouse appreciated the kind words, saying, “Now is the time for the crypto community to come together, push for a level playing field and clear rules of the road.”

A week later, the speculation about a possible partnership increased after Hoskinson held another conversation with someone from Ripple’s management team: the CTO, David Schwartz. Cardano’s founder said the subject of the conversation was the privacy-focused sidechain Midnight and XRP. For his part, Schwartz stated, “It was a pleasure” talking to Hoskinson.

Most recently, Cardano’s founder took part in a heated discussion on the social media platform X. One user wondered if Cardano would consider integrating Ripple’s stablecoin RLUSD into its ecosystem. Hoskinson said the product seems the right choice, and the blockchain would embrace it if there is “a reasonable path.” 

“We’ve already had a call with the RLUSD people. We are actively talking,” he added.

RLUSD’s Progress

Ripple’s stablecoin officially saw the light of day approximately a month ago after receiving the necessary approval from the New York Department of Financial Services (NYDFS).

The product, pegged 1:1 to the American dollar, triggered huge excitement in the space and was embraced by some leading crypto exchanges. Upon launch, Uphold, Bitso, Moonpay, CoinMENA, Bullish, and others added trading services with RLUSD.

Last week, Ripple’s president, Monica Long, said people should expect such a move from other well-known platforms “imminently.” Just a day later, the Luxembourg-based Bitstamp added the trading pairs: RLUSD/EUR, RLUSD/USD, RLUSD/USDT, RLUSD/BTC, RLUSD/ETH, and RLUSD/XRP.

Despite the announced support, the company emphasized the need for caution, advising that the stablecoin carries significant risks and may not be appropriate for all investors.

“Don’t invest unless you’re prepared to lose all the money you invest,” it warned.

The post Ripple-Cardano Partnership? Hoskinson Reveals Active Discussions appeared first on CryptoPotato.

• XRP may be nearing a breakout after breaking key resistance against Bitcoin.  
• The Cup and Handle formation signals a potential rally for XRP/BTC.  
• XRP shows strong momentum with a bullish MACD and RSI near overbought. 

The XRP/BTC trading pair is showing impressive strength, signaling a potential shift in the market. A long period of consolidation may be coming to an end. Historically, XRP has shown a pattern of consolidation followed by price rallies.

After a downtrend, XRP recently broke through key resistance. This has many wondering if an upward move is about to begin.

From 2013 to 2017, XRP consolidated for 1,277 days before surging 5,492% against Bitcoin. After another long consolidation from 2017 to 2024, XRP appears poised for another breakout.

Related: XRP Rally Expected as Ripple vs SEC Case T…

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