$XRP "New RLUSD stablecoin project.

The hype surrounding Ripple's RLUSD stablecoin project may have further influenced XRP's recent price rally. The New York Department of Financial Services (NYDFS) is expected to approve the RLUSD stablecoin. On November 29, Fox Business reported that the regulator may approve the stablecoin in the coming days and that it could be launched by December 4, 2024.

In August, Ripple stated that once available, it will use RLUSD and XRP in its cross-border payments solution." Source: Cointelegraph.