Despite the SEC case conclusion, Ripple's token, XRP, has been an underperformer. Let's explore the latest developments in the Ripple ecosystem.
Record-setting Minting of RLUSD
In the past 24 hours, 50 million RLUSD were minted, setting a new record for the stablecoin's three-and-a-half year history.
Truth About XRP ETF Hopes
Despite regulatory changes and lawsuit resolution, the path for XRP ETFs in the US remains uncertain. A short-term price increase for XRP might be seen, but the long-term outlook is unclear.
XRP Price Drop and Predictions
After the lawsuit ended, XRP's price briefly rose but then fell by 20%, becoming the worst performer among the top 20 crypto assets. Fluctuations are possible with a potential drop to $1.07 if the $1.9 support is breached. Some traders, however, see a possibility of recovery to $2.8.
Despite current challenges, Ripple continues to develop, issuing its stablecoins and attracting new investments. Yet, market uncertainty remains.
