Rainbow Moonstone is said to be a stone of protection and inner growth. It is believed to bring balance, harmony, and hope while enhancing creativity, compassion, endurance, and inner confidence. It is also believed to soothe emotional instability and stress, and provide psychic protection. This crystal is also said to help you connect with your divine feminine energies, and it can help you get in touch with your intuition and understand yourself on a deeper level. Rainbow Moonstone is also said to bring luck, success, and good fortune.