• Ripple is preparing for its stablecoin launch as it announces $10 million investment in tokenized US Treasury bills.
• Ripple’s bullish updates have failed to catalyze gains in XRP amidst the market-wide crypto correction.
• XRP hovers around key support at $0.50 as traders await Bitcoin recovery and SEC lawsuit ruling.

Ripple (XRP) shared several key updates in its Q2 2024 report. The bullish updates in the report have failed to catalyze gains in XRP since the altcoin was hit by a market-wide crypto correction that pushed it under psychological support at $0.50. 

XRP hovers around $0.50 at the time of writing, down nearly 7% on Monday.