BTC was rejected from the trendline of the descending triangle and is currently holding above the horizontal support. A bounce could be expected from here, while a sustained breakdown of the horizontal support would be a bearish sign.
Last month, Ripple announced that it is planning on launching a new stablecoin on Ethereum (ETH) and the XRP ledger. Ripple says the dollar-pegged digital asset, which has yet to be given a name, will be fully backed by cash, short-term US government treasuries, and other cash equivalent