Ripple is set to launch a stablecoin, Ripple USD (RLUSD), in 2024 on the XRP Ledger and Ethereum, despite criticism from the SEC. The stablecoin, pegged to the American dollar, aims to bridge traditional finance and the crypto industry. However, the SEC has labeled it an "unregistered crypto asset." Ripple and the SEC have been in a legal battle over allegations that Ripple conducted an unregistered securities offering by selling its XRP token.

Meanwhile, XRP's price has dipped, but some analysts see this as a buying opportunity. The token's Relative Strength Index (RSI), a measure of price movement speed and change, stands at 42, suggesting potential for growth. Despite predictions of a drop in XRP's valuation due to surging US inflation, the rate came in lower than expected, and the token's price spiked to almost $0.50.