Ripple announced plans to launch a dollar stablecoin

The Ripple team promises that the future stablecoin will be backed by an equivalent amount of reserves in US dollars, as well as US government bonds. The name of the stablecoin and its ticker have not yet been specified.

Initially, the new stablecoin will be available to US users on the XRP Ledger and Ethereum blockchains. In the future, it is possible that additional regional stablecoins will be offered in markets outside the US, such as Europe or Asia.

In an interview with CNBC, Ripple CEO Brad Garlinghouse said that he is not afraid of competition from Tether (USDT stablecoin) and Circle (USDC). His company will be able to successfully compete for its market share. The reason, according to the businessman: the existing stablecoin ecosystem is not so diverse and reliable.

Earlier, Mehen Finance, the company behind the USDM stablecoin launched on March 17, announced that access to token trading for retail investors would be provided in April.
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XRP price slips below $0.55 with development in SEC v. Ripple lawsuit

XRP price dropped below $0.55 on Thursday as both Ripple and SEC work on remedy-related briefs.

March 13 is the next key deadline for the SEC v. Ripple lawsuit.

The court will determine penalties for Ripple’s institutional sales of XRP by the April 29 deadline.

More news ….

https://www.fxstreet.com/cryptocurrencies/news/xrp-price-slips-below-055-with-development-in-sec-v-ripple-lawsuit-202402220603

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A total of 26,336,059 XRP, equivalent to 13,563,030 US dollars, was transferred from Binance to an unknown wallet.
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3- Wall Street Analyst Says $XRP  Will Rise in Price Citing David Schwartz.

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Currently trading at $0.59 with a steady recovery

Even with recent challenges #XRP: shows potential to hit $0.75

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XRP price today is $ 0.561109 with a 24-hour trading volume of $ 1.99B, market cap of $ 30.61B, and market dominance of 1.56%. The XRP price decreased -1.13% in the last 24 hours.
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Ripple will unlock 1 billion XRP again on April 1st, will the price crash?

Ripple, the company behind the XRP Ledger, will unlock 1 billion XRP tokens worth $628.5 million on April 1. This is another Ripple sell-off that occurs every month and could negatively impact the price of XRP in the coming weeks.

Since 2017, Ripple has been releasing 1 billion tokens from escrow accounts on the first day of every month. April will mark the beginning of a new era of XRP inflation as the company has been running different accounts for the past few years.

Until this time, according to XRPScan, the company used the accounts “Ripple (22)” and “Ripple (23)”.

Analysis of the XRP price against the backdrop of sales It is worth paying attention to how previous Ripple sales affected the price of XRP. The chart below shows all XRP sales year-to-date, broken down by day.

Interestingly, only two out of eight days had positive price action. However, even these “green” days were marked by very modest achievements, while the negative days had much more impressive consequences.
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$XRP