Ripple USD (RLUSD) stablecoin has soared in volume by over 143% within the last 24 hours. The spike in volume follows renewed interest in crypto activities on the market and XRP breaching the $1.40 resistance level.
Is XRP breakout driving demand for RLUSD?
CoinMarketCap data reveals that Ripple USD stablecoin volume surged to an intraday peak of 143% as the broader crypto market buzzed with trading activities. In the Ripple ecosystem, XRP’s bullish outlook has added to the RLUSD demand.
Within the same period, XRP’s demand has increased, with trading volume soaring by 148.48% to $3.12 billion. The upward surge flows from XRP, finally breaching a critical resistance level
As of writing time, XRP exchanges hands at $1.47, which represents a 3.74% increase in the last 24 hours.
It appears that the surge in Ripple USD stablecoin demand comes from investors requiring RLUSD to purchase XRP and other crypto assets that are recording gains in the ongoing bullish recovery.
Notably, RLUSD is gaining traction among crypto users, and this has supported its rapid growth in the space. Its market capitalization has hit $1.55 billion, with many anticipating it could attain the $2 billion level in the second quarter of 2026.
RLUSD is designed to onboard institutional capital into the XRP Ledger ecosystem, which creates more transaction routes and strong demand for XRP. This is because XRP serves as the bridge asset, and increased volume on RLUSD has a way of positively impacting XRP.
Ripple pushes global expansion for RLUSD
Meanwhile, Ripple USD stablecoin has continued to witness increasing demand across the globe. As U.Today reported, Ripple’s senior executive, Reece Merrick, has highlighted that RLUSD grew by 733% as demand surged across the globe
Ripple remains strategic in its expansion moves and has been innovative as well. Merrick recently hinted that Ripple will become a single global payment platform for its institutional users.
With the move, banks and other financial companies can access RLUSD, XRP and XRP Ledger under one roof without needing to juggle multiple vendors. This push for convenience might further increase adoption and grow its volume
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
XRP Price Clears $1.40 While Broader Downtrend Persists
XRP's recent rise above $1.40 indicates a shift in market behavior after a consolidation phase. While momentum indicators show improvement, the broader bearish trend persists, limiting upside potential. Sustained support is crucial for extending its recovery.
CryptoNewsLand2h ago
Tobu Top Tours Launches XRP Ledger-Based Prepaid Payment Platform, Targeting Japan's ¥30T Market
Tobu Top Tours has partnered with SBI Ripple Asia to launch a prepaid token payment platform on the XRP Ledger, gaining regulatory approval in Japan. Set for rollout later this year, it allows users to convert yen into blockchain tokens for various tourism services. SBI Ripple Asia also announced research to enhance Japan-South Korea cross-border payments using the XRP Ledger.
GateNews2h ago
XRP Consolidation Signals Reset as Bullish Setup Emerges
XRP has recently rebounded to $1.39 after trading between $1.20 and $1.40 due to improved market sentiment. A significant drop in futures open interest reflects reduced speculation, while technical indicators suggest a potential bullish breakout, targeting $1.50 and possibly $1.80.
CryptoNewsLand3h ago
Kalshi Traders Forecast XRP to Hit $1.60 in April
Kalshi traders predict XRP will reach $1.60 in April amid rising demand and significant ETF inflows. With a bullish technical outlook and upcoming regulatory votes, XRP's market dynamics show potential for further gains, despite risks of declining support levels if outcomes are unfavorable.
CryptoFrontier9h ago
Cardano Founder Hoskinson Claims XRP Holders Have No Legal Rights to Ripple's Assets
Cardano's Charles Hoskinson claims XRP holders lack legal rights to Ripple's assets, emphasizing the company's control over XRP distribution. This has sparked tensions with the XRP community and questions about who benefits in company-tied cryptocurrencies.
GateNews9h ago
