" $XRP News Today: Ripple's Stablecoin and SEC Appeal Raise Market Concerns for XRP "

By: Bob Mason

Updated: Oct 20, 2024, 06:01 GMT+00:00

*Key Points:

- XRP fell 0.58% amid speculation surrounding the SEC appeal, approaching the $0.50 mark as legal uncertainties affect market sentiment.

- Ripple's stablecoin launch faces regulatory challenges.

- A pro-crypto attorney believes Ripple will prevail in its SEC appeal.

**XRP Update**

On October 19, XRP saw a 0.58% decline, reversing a 0.62% loss from the previous day, closing at $0.5442. This drop contrasted with a slight gain of 0.14% in the broader crypto market, which now totals a market cap of $2.297 trillion.