#MarketSentimentToday

In recent days, the XRP price has been hovering around the $0.56 mark amid the ongoing legal battle between Ripple and the SEC. The delay in the court cases, which were scheduled to take place on September 6, 2024, entails an excuse, but XRP has some resilience in price despite the general decline in the crypto market.

It has also become known that Ripple plans to launch its RLUSD stablecoin in the coming weeks. This could have a positive impact on the XRP price, especially ahead of the successful examples of other LED projects, such as Ethereum with its DAI stablecoin.

However, the final decision in the Ripple vs. SEC case will be crucial for the further development of XRP prices. A positive outcome could remove significant obstacles to the price growth.

For long-term stops, technical analysis is important, which indicates a possible breakout of the XRP price upside if it can hold at another level and at a difficult level.
#xrp #crypto $XRP