President Joe Biden on Monday said legal challenges to his plan to cancel debt for a wide swath of student borrowers will not succeed, as he announced the formal launch of the loan-forgiveness application. Asked during a White House event if he was worried lawsuits would halt the relief program, Biden replied: “our legal judgment is that it won’t.” Last month, six Republican-led states filed a lawsuit in federal court asking for the plan to be blocked. Biden said the beta version of the site processed 8 million applications over the weekend without glitches.
XRPUSD is range-bound, but the baseline scenario is a decline
The XRPUSD price is holding steady at 1.1019. The market is keeping a close eye on the fundamental outlook, while the technical picture is moderate.