Ripple's RLUSD Hits $2B on XRP Ledger

RLUSD Crosses $2B on XRP Ledger

Ripple's dollar-pegged stablecoin RLUSD has crossed the $2 billion market capitalization threshold, reaching approximately $2.07 billion just 20 months after its launch in December 2024. The milestone places RLUSD adjacent to PayPal's PYUSD at $2.87 billion, underscoring Ripple's pivot from an XRP-centric model to a broader stablecoin and institutional finance suite. On-chain data indicates that about $1 billion of RLUSD's total supply resides on the XRP Ledger, deepening dollar liquidity on the network. This surge could drive more transactions and DeFi activity on XRPL, potentially bolstering demand for XRP, a prominent altcoin. However, analysts caution that a stablecoin's market cap does not automatically translate into XRP price appreciation; rather, it sets the stage for increased ledger utility. Ripple's dual-track approach of stablecoins and native assets reflects its aim to dominate institutional blockchain payments.

XRP ETF Inflows Rebound

Spot XRP exchange-traded funds have recorded a sharp turnaround in capital flows. Weekly net inflows reached $39.78 million, the strongest performance since mid-May, lifting cumulative inflows to roughly $1.55 billion. This contrasts with the week ending Aug. 8, when inflows had collapsed to just $1.01 million. The resurgence coincides with XRP's breakout above $1.20, suggesting renewed institutional appetite. Coinglass data illustrates the shift from negligible to significant daily flows. As institutional products accumulate XRP, they provide a persistent demand source that can anchor the asset's price during volatile periods. While the absolute inflow figure remains modest compared with major ETF markets, the directional change is notable, reinforcing XRP's growing acceptance as a regulated investment vehicle.

Price Consolidation at $1.50

From a technical perspective, XRP's rally from the $1.00 support has stalled. After a prolonged bear market, the asset broke above its long-standing descending channel and reclaimed the 100-day and 200-day moving averages, now trading above them. That strength carried it to a high near $1.70, where sellers stepped in, causing a rejection. The price is currently consolidating around the $1.50 resistance zone, a key decision point. A daily close above $1.50 could open the path toward the $1.80-$1.90 area, while a breakdown below $1.30 would undermine the breakout structure and raise the risk of a deeper retrace toward $1.00. The Relative Strength Index (RSI) has remained above 70 on the daily chart, signaling overbought conditions that often precede a cooldown or consolidation. On the XRP/BTC pair, the asset failed to break its descending channel, printing a rejection wick, and is now testing the 200-day moving average as support.

XRPL Native DeFi Tools

The XRP Ledger is set to introduce native credit and privacy features, according to an announcement by Vet, Head of Community at the XRPL Foundation and a dUNL validator, posted on X. The upcoming upgrades, bundled under amendments such as XLS-0096, XLS-65, and XLS-66, will deliver a full DeFi stack directly on the ledger, enabling institutions and retail users to access lending, borrowing, and privacy without third-party intermediaries. A key component is 'accountable privacy,' based on the Multi-Purpose Token standard, which encrypts balances and transaction amounts while preserving transparency for regulators. Permission Delegation will let banks and funds securely delegate trading on private DEXs without exposing private keys, reducing the risk of blind signing. Additionally, the ledger's existing automated market maker and order book infrastructure will be complemented by Ripple's partnership with Clearpool and Cicada Partners, launching institutional lending pools backed by RLUSD. For individual XRP holders, these features could unlock opportunities to earn interest on their holdings and participate in private markets.

Support and Resistance Outlook

COINOTAG's proprietary 42-indicator composite scoring engine assesses XRP's immediate support at $1.3930, rated 95/100 for strength, underpinned by a flip from resistance to support, the Value Area High, and volume-weighted average price. On the upside, resistance at $1.6999 scores 69/100, driven by the Fibonacci 0.000 level, Donchian channel upper bound, and prior swing high. As of writing, XRP trades at $1.4405, down 2.77% over 24 hours, still significantly below its all-time high. Derivatives data shows a funding rate of 0.0042%, open interest of $1.00 billion, and a long/short account ratio of 2.72, indicating strong bullish positioning. The Fear & Greed Index stands at 74 (Greed). While bulls target a break above $1.4619 (POC, HVN), a failure to hold $1.3930 could trigger a slide toward the next support at $1.2769. A decisive move below $1.3930 would invalidate the current bullish thesis.