XRP price slips below $2 as Binance lists Ripple’s RLUSD and traders eye Fed
XRP fell below $2 Friday, dropping about 1% to $1.90 during early New York trading as bitcoin and ether also declined. Binance began trading Ripple’s new RLUSD stablecoin, adding an XRP/RLUSD pair. Investors watched U.S. inflation data and awaited the Federal Reserve’s Jan. 28 rate decision. Ripple says RLUSD is backed by cash reserves and issued on both the XRP Ledger and Ethereum.