TL;DR

• Ripple plans to launch a stablecoin, RLUSD, later this year, which could boost confidence in its technology and possibly result in a rallying XRP price.
• Another element that could impact the token’s volatility is the Ripple v. SEC case, whose official end seems to be prolonged in the future.

ChatGPT’s Estimation

In April this year, Ripple revealed its plans to introduce a stablecoin pegged 1:1 to the US dollar. In the following months, the team shed further details about the product. It will be called RLUSD and will be available on the XRP Ledger (XRPL) and Ethereum.

The stablecoin is expected to go live later this year, with Ripple recently naming Bitstamp, Bitso, Uphold, Bullish, CoinMENA, Independent Reserve, and MoonPay as exchange partners of the initiative.

Some market observers believe the eventual launch of RLUSD could positively impact the price of XRP due to various reasons. We decided to ask ChatGPT whether it shares that thesis and whether the development could fuel a spike toward a three-year high of $1.

The AI-powered chatbot claimed the development might boost confide