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Ripple plans to launch a new stablecoin, Ripple USD (RLUSD), in 2024 on both the XRP Ledger and Ethereum. Despite the hype, the SEC has criticized RLUSD as an “unregistered crypto asset.” This tension adds to their ongoing legal battle, where the SEC is seeking a $2 billion penalty against Ripple. Ripple argues for a significantly lower fine, citing no direct fraud allegations.

On the price front, XRP has dipped to around $0.47, yet some analysts see this as a buying opportunity. Trader EGRAG CRYPTO points to the Relative Strength Index (RSI), currently at 42, indicating potential price movements. Earlier predictions of a price drop due to inflation didn't fully materialize, with XRP briefly spiking to $0.50 before settling back down.

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