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International Business Times
International Business Times
Business
Marvie Basilan

$XRP And Soon $RLUSD – How Ripple Became The Crypto Comeback Story Of 2024

Ripple XRP SEC Crypto United States Tether Cryptocurrency fintech Solana
Ripple became this year's comeback story after a years-long legal combat with the SEC and the $XRP token's price plunge. (Credit: Cryptocurrency.com/flickr)

KEY POINTS

  • $XRP has been trending over the past few weeks after it finally broke $1
  • The token overtook two long-time greats within a day: Solana and Tether
  • Ripple is expected to launch its $RLUSD stablecoin upon approval by the NYDFS
  • The #XRPArmy is also awaiting news on applications for $XRP ETFs

Ripple, the fintech firm overseeing the development of the XRP Ledger (XRPL), has gone through a roller coaster ride with the law since late 2020, but four years later, XRP broke the chains that bound it to the U.S. Securities and Exchange Commission's (SEC) grasp and is on its way to $3.

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