🚀🚀Buckle up, BTC enthusiasts! Ripple is set to launch a stablecoin, Ripple USD (RLUSD), in 2024 on the XRP Ledger and Ethereum, despite the SEC's criticism. 🎯

🔍Ripple's upcoming stablecoin, pegged to the American dollar, aims to bridge traditional finance and the crypto industry. However, the SEC has already labeled it an "unregistered crypto asset." The agency and Ripple have been at odds for years, with a lawsuit alleging Ripple conducted an unregistered securities offering by selling its XRP token. The case is now in trial, with the SEC seeking a $2 billion fine on Ripple. 😱

📉Meanwhile, XRP's price is down, currently trading at around $0.47. But don't fret! Some analysts see this as a buying opportunity. The Relative Strength Index (RSI), which measures the speed and change of price movements, stands at 42, suggesting the next potential move of the asset.

🔮Matthew Dixon predicted that XRP’s valuation could drop with surging US inflation. However, the rate came lower than expected, and the token’s price spiked to almost $0.50. But it dipped again after the US Federal Reserve decided to keep the interest rates unchanged.

💡Stay tuned for more updates on Ripple's advancements and XRP price forecasts! 🚀🚀