The Latest Breaking News from XRP

Donald Trump's election was widely embraced by the crypto space, and one of the apparent beneficiaries of the President-elect's upcoming re-entry into the White House is Ripple, which overcame a four-year legal struggle with the SEC and is now ready to make crypto great again in its home turf.

$RLUSD has stabilized at $1, seemingly affecting $XRP prices positively as the altcoin surged 15% in the last 24 hours – some crypto users believe the uptick may be related to FUD (fear, uncertainty and doubt) around $USDT's fate in the European Union.

ETF experts at Bloomberg believe new crypto ETFs will be approved in 2025, but it may be bad news for those waiting for $SOL and $XRP ETFs.

Crypto users, specifically $XRP holders, are frustrated over reports that some investors – potentially newbies in crypto – are selling their $XRP tokens to acquire $RLUSD, a stablecoin that will retain its $1 value even if Bitcoin and other altcoins surge.

RLUSD trades above $1 as limited supply impacts its initial price.

Ripple's $RLUSD is launching Tuesday, and as the crypto community waits for the new stablecoin to go live, $XRP is also celebrating the milestone, surging over 7% overnight.

Ripple’s RLUSD received regulatory approval in New York on Tuesday.

$XRP prices are recovering from the broader crypto market crash earlier this year as the token was positively affected by news that Ripple's $RLUSD stablecoin has been approved by the NYDFS.

The crypto market is correcting for an “overextended exuberance” over the past few week.