Ripple Burns 15 Million RLUSD in XRP (XRP) Treasury Move

Ripple Burns 15 Million RLUSD on Ethereum

Ripple destroyed 15 million RLUSD tokens on Thursday, with blockchain records showing the funds moved from the RLUSD Treasury wallet to a null address on Ethereum, stablecoin tracking data confirms. The transaction, worth roughly $15 million at the token's peg, was finalized on the Ethereum network earlier in the day and trims the circulating supply of Ripple's dollar-pegged stablecoin by an equivalent amount. For readers new to the asset, RLUSD is Ripple's regulated USD stablecoin, issued and redeemed directly against institutional demand rather than minted into circulation on spec. That issuance model matters here: when a corporate client returns tokens for settlement, the issuer can retire them permanently, which is exactly the redemption-flow pattern this burn fits. Unlike algorithmic stablecoins, where supply changes can signal distress, a large fiat-backed burn is generally neutral plumbing — treasury housekeeping tied to customer repayments, not a verdict on demand. The desk's read of the redemption chain is consistent with that framing: supply has been expanding and contracting in both directions all week, driven by institutional flows rather than one-way issuance. The burn lands against a broader tokenomics backdrop in which Ripple is positioning RLUSD across payments, tokenization, lending and collateral management, not just as settlement plumbing for cross-border transfers.

stablecoin tracking datahttps://x.com/RL_Tracker/status/2098085807391137907

Mint-and-Burn Cycle Intensifies as Market Cap Climbs

The treasury activity has been unusually heavy in recent days. On Sept. 8, trackers recorded a 10 million RLUSD burn, followed almost immediately by a fresh mint of about 14.39 million tokens. A day earlier, on Sept. 7, 18 million RLUSD was issued on Ethereum, after mints of 20 million on Sept. 4 and 16 million on Sept. 3. The pattern points to sustained institutional inflows and outflows rather than one-directional growth. RLUSD's overall footprint keeps expanding regardless: spot trading and settlement demand have helped lift its market capitalization to roughly $2.42 billion as of Sept. 10, per CoinGecko data, up sharply from about $1.76 billion on Aug. 18 — a nearly 38% increase in under a month. At that pace, RLUSD could overtake PayPal USD (PYUSD) in the near term. Ripple has also broadened the asset's institutional use cases: in August the company backed a credit fund developed with Clearpool and Cicada Partners, an initiative planned to run on the XRP Ledger, extending the stablecoin beyond payment rails into lending and collateral workflows across the XRP ecosystem. Readers tracking the market in real time can follow live spot and futures prices on MEXC.

$1.39 Ceiling in Focus for XRP

While the burn concerns RLUSD, the market read on XRP itself is two-sided. COINOTAG's proprietary 42-indicator composite S/R scoring engine rates the $1.3900 support and resistance ceiling at 77/100, driven by a Flip S→R, LVN, Value Area High and Ichimoku Tenkan confluence, while the $1.3275 floor scores 62/100 (BB Lower, Flip R→S, Donchian Lower, Swing Low). Spot sits at $1.3548, down 2.69% in 24 hours, between the two. Derivatives positioning leans long: funding runs +0.0041%, open interest holds near $895.4 million, and the long/short account ratio reads 2.86 (74.1% long), with Fear & Greed at 69 (Greed) — crowded but not extreme. A clean reclaim of $1.3900 opens upside continuation; losing $1.3275 invalidates the range thesis.