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Amid this ongoing legal battle between Ripple and the United States Securities and Exchange Commission (SEC), Ripple announced its partners for its upcoming dollar-pegged stablecoin, RLUSD. On October 15, 2024, during the Ripple Swell 2024 conference in Miami, Florida, the firm, disclosed that it is operationally ready but awaiting regulatory approval.

Blockchain firm Ripple has unveiled the platforms where its new stablecoin, RLUSD, will be available, aiming to penetrate a market largely dominated by Tether and Circle. Digital asset firm Ripple (XRP) has officially launched its U.S.

Ripple (NASDAQ:XRP) has introduced its U.S. dollar-pegged stablecoin, RLUSD, targeting enterprise applications, on Tuesday. This development coincides with World Liberty, supported by Donald Trump, advocating for stablecoins over Bitcoin (CRYPTO: BTC).

The cryptocurrency market started the 3rd week of October on a positive note by recording a positive inflow for the 3rd consecutive day. Following this, top tokens have regained a significant uptrend in their respective valuations.

Cryptocurrency Market Overview: The crypto market has seen a positive shift over the past 24 hours, growing by 0.96% to reach a market cap of $2.27 trillion. Bitcoin dominance continues to strengthen, reaching 57%, while Ethereum maintains its 13.7% hold on the market.

Amid the ongoing crypto market rebound led by Bitcoin (BTC), Ripple Labs-backed XRP price has struggled to recover bullish momentum. The large-cap altcoin, with a fully diluted valuation of about $53.7 billion and a daily average traded volume of around $1.

In a recent interview, Ripple Co-founder Chris Larsen spoke on why he is backing Kamala Harris, despite the recent criticism. Notably, the blockchain firm is continuing its battle with the US SEC, while many have slammed the current government for its anti-crypto stance.

More regulatory-compliant stablecoins like RLUSD could benefit mainstream crypto adoption worldwide.

Ripple, the company behind XRP, is actively working on becoming a global payment system and leading cross-border payments. To do so, it has made many expansions and collaborations over the years.

Ripple has just reached a new milestone by issuing 4.5 million RLUSD in just 24 hours. This strategic move aims to place Ripple at the heart of the stablecoin ecosystem and compete with the well-established leaders in the crypto sector.

Crypto firm Ripple launched a stablecoin pegged to the U.S. dollar on Tuesday, looking to disrupt a market in which the top two incumbents account for nearly 90% of the value.

Former FDIC Chair Sheila Bair, former JPMorgan exec David Puth and Ripple Executive Chairman Chris Larsen joined the RLUSD Advisory Board.

Ripple's upcoming stablecoin will leverage its established position for payments and be a key bridge for real-world asset tokenization, Ripple Labs President Monica Long told CoinDesk in an interview.

Ripple is approaching the much-anticipated launch of the stablecoin RLUSD, expected by the end of the year.

XRP price is on the verge of a potential price explosion, with technical indicators pointing to a massive rally of up to 143%. Currently consolidating between $0.5 and $0.7, XRP is tightly wound around the 200-week moving average a critical indicator for predicting future price movements.

The XRP price has lifted by 1% in the past 24 hours, moving to $0.5444 as the cryptocurrency market enjoys a similar rise today.

Ripple is consolidating after a significant drop to the $0.5 support, following increased selling activity at the $0.66 resistance. However, after falling below the 100 and 200-day moving averages, the price is in a low-volatility phase, suggesting a potential pullback to these MAs.

Ripple (XRP) traded above $0.5400 early Monday, gaining over 2% ahead of the Ripple Swell 2024, held in Miami, Florida. The event focused on Ripple's latest developments and technology and is closely watched by XRP holders for potential updates on the Ripple USD (RUSD) stablecoin and the firm's custody solutions.

Ripple co-founder Chris Larsen gave $1 million worth of XRP tokens to Future Forward, a super PAC that's supporting Vice President Harris' run for the White House.

The U.S. Securities and Exchange Commission (SEC) is unlikely to approve exchange-traded funds (ETFs) tracking XRP anytime soon, at least not until Ripple Labs' legal battle with the regulator is fully settled, some experts told Cryptonews.

According to one popular X user, the SEC has until October 16 to reveal what it is actually appealing agains.

San Francisco-based enterprise blockchain company Ripple is preparing to kick off its annual Swell event.

It is the global and rapidly evolving nature of cryptocurrency which requires identifying probable investment opportunities.

XRP price is moving higher above the $0.5350 support. The price tested the $0.5550 resistance and seems to be struggling to continue higher.