XRP news is buzzing with a mix of triumph and volatility! Ripple’s US dollar-backed stablecoin, RLUSD, has officially received approval from the New York Department of Financial Services (NYDFS). This milestone strengthens Ripple’s foothold in the U.S., pushing back against the SEC’s regulatory roadblocks. It’s a significant win for Ripple and another jab at traditional financial systems like SWIFT. XRP’s price reacted positively, rallying 7% to $2.37, though it’s still bouncing back from a dip earlier this week .
Meanwhile, speculation around the SEC’s potential withdrawal of its appeal against Ripple continues to influence market sentiment. If the SEC retreats, analysts believe XRP could aim for its all-time high of $3.55 .
Keep an eye on Ripple’s developments, as RLUSD could transform cross-border payments, amplifying XRP’s relevance in global markets.
So all better DYOR yet i believe firmly in this coin. It is not a get rich fast, but holders might see massive returns in 10Yrs -> 15Yrs. So every dip, is an opportunity to buy. 🏋🏾♀️🏋🏾♀️🏋🏾♀️
