Ripple's court successes have spurred XRP's rise, achieving significant price levels for the first time since 2018.
Ripple's New Stablecoin Developments
The New York Department of Financial Services is reportedly close to approving a new stablecoin, RLUSD, issued by Ripple, with a possible launch on December 4. This approval would allow Ripple to offer RLUSD to the public, reinforcing its position in the stablecoin market.
Ripple vs. SEC Judicial Battle
The U.S. Court of Appeals has asked the SEC to file its final arguments by January 15. The suit filed in December 2020 is crucial for the entire crypto industry, with Ripple arguing that XRP should be classified as a digital currency, not a security.
XRP's Price History and Growth Prospects
Between 2012 and 2018, XRP saw dramatic price changes, reaching an all-time high of $3.84 in January 2018. While significant uptrends occurred in 2021, they were hindered by legal battles with the SEC. XRP is currently experiencing growth, trading around $1.94 as of November 30, 2024.
Ripple's court victories and planned product introductions, such as RLUSD, provide reason for optimism, expected to positively influence XRP's future valuation.
