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.

$XRP was definitely one of the most-followed altcoins this year as it grappled with the SEC and weathered four years of legal woes only to climb to the same prices when it used to challenge Bitcoin in the market cap race.

Altcoins were the biggest story of 2024 even with Bitcoin getting ETFs approved and hitting a new all-time high above $108,000 as some alternative cryptocurrencies eclipsed $BTC's year-to-date performance even with several market downturns.

Cryptocurrency prices may be recovering, as some altcoins are making significant moves despite the broader market downturn, including $HBAR, $SUI, and $XRP.

Analysts predict “a wave of cryptocurrency ETFs” under incoming SEC chair Paul Atkins.

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.