Will Standard Chartered’s move on Ripple boost the XRP price? Santiment’s assessment!

Standard Chartered, one of the world's largest banks, announced yesterday that it has launched institutional custody services for Ripple's stablecoin RLUSD through its Dubai International Financial Centre branch. This situation has also increased enthusiasm for XRP, and the on-chain analysis platform Santiment has evaluated the RLUSD news and its potential impact on the XRP price. At this point, Santiment noted that the growth of Ripple's stablecoin RLUSD does not automatically translate to a price increase for XRP.