🇬🇧 Ripple Urges UK to Lead Global Stablecoin Adoption — Wi
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Updated at: 4 hours ago
{"content":"🇬🇧 Ripple Urges UK to Lead Global Stablecoin Adoption — Will London Answer the Call?
Ripple thinks the UK has a huge chance to become a “world leader in digital assets”. Only a regulatory system that promotes innovation and inclusivity can accomplish this.
According to a Wednesday blog post, Ripple asked the UK government to emphasize clear legal frameworks, particularly for institutional cryptocurrencies, during the London Policy Summit earlier this year.
Stablecoin legislation should be expedited by the government to facilitate international cooperation. Ripple applauded the UK's move to allow foreign-issued stablecoins, establishing it as a financial center.
The business said the UK Government and authorities are working toward tokenization norms, which may “transform the financial markets of the future.”
Ripple noted that the UK's regulatory structure must develop to capitalize on this potential and consolidate its position as a global finance leader as more stablecoin use cases are established and tokenised financial assets gain popularity in conventional finance.
The Guidance and Establishing Innovation for US Stablecoins (GENIUS) bill is moving from the US Senate to the House, prompting calls for the UK to speed up digital asset laws.
XRP is trading flat between the 200-day Exponential Moving Average (EMA) at $2.09 and a resistance confluence at $2.24, where the 50- and 100-day EMAs combine.
As the RSI falls below the midline, it has maintained a negative bias since its mid-May high in overbought zone.
At the 200-day EMA support ($2.09), liquidity may reverse the trend. However, traders cannot rule out a sustained slide below the next support level around $1.80, touched in early April.
As illustrated in the chart above, XRP would approach the declining trendline resistance if it recovered above confluence barrier at $2.24. A break over this trendline might boost XRP interest to $2.65, a June barrier, and $3.00, a March resistance.
#xrp #PowellRemarks #FOMCMeeting $XRP ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025062025/06/19/ed9c6ce8e5ab4e7793729c659cc268c1.png"],"tags":[],"tradingPairs":["XRP/USDT"],"quotearticleid":0}