Ripple's XRP Ledger RLUSD Burn Rate Hits 99%

XRP News

Ripple's dollar-backed stablecoin RLUSD has recorded a near-zero net supply increase on the XRP Ledger over the past 30 days, with on-chain data showing $449.3 million in new issuance offset by $448.9 million in token burns. The latest treasury burn of $35.7 million pushed the monthly burn rate to roughly 99%, leaving actual supply growth on the ledger minimal. Institutional redemptions drove the pattern: tokens were minted for settlement and quickly returned for fiat, a cycle that keeps the XRP Ledger functioning as a transit corridor rather than a storage layer. Ripple, the US-based technology company behind the XRP ecosystem, has kept total RLUSD liquidity split almost evenly across two networks. Unlike algorithmic stablecoins, RLUSD is backed by dollar reserves, and its burn mechanics reflect user redemptions rather than market intervention. The XRP token remains the native asset of that ledger, and the stablecoin flow is being watched as a signal of institutional usage patterns. XRP, one of the largest altcoins by market value, has not seen its own supply affected by the RLUSD activity. The 99% burn rate means net new RLUSD on XRPL was essentially flat, a dynamic that stands in contrast to the network's issuance volume. Market participants are reading the activity as evidence that XRPL is being used for high-speed settlement rather than long-term stablecoin storage.

The contrasting pattern on Ethereum highlights a clear cross-chain split in how RLUSD is used. Over the same 30-day window, $403 million was issued on Ethereum while only $177.3 million was burned, leaving the network with more than $225 million in net inflows. Total circulating RLUSD supply now stands at $1.757 billion, with $883 million, or 50.2%, on the XRP Ledger and $874 million, or 49.8%, on Ethereum. The near-even distribution masks a functional divergence: XRPL is used mainly for instant institutional conversions, while Ethereum-based RLUSD tends to remain locked in decentralized finance applications, including automated market maker pools. That longer-term holding pattern explains why Ethereum has accumulated net supply while XRPL has not. The data suggests large players treat the two chains as separate venues for different use cases rather than interchangeable settlement layers. For XRP holders, the stablecoin flow is relevant because it reflects demand for Ripple's broader payments infrastructure, even though the burn activity does not directly reduce XRP supply. The split also underscores that RLUSD is not simply an XRP Ledger product; it is a multi-chain instrument whose liquidity is nearly balanced between two ecosystems. Ethereum's net inflow of more than $225 million points to sustained demand from DeFi protocols, where the token is used as a stable trading asset. For now, the data shows no sign of a supply shock on either network.

Separately, former Ripple CTO David Schwartz disclosed that his personal XRP holdings have fallen sharply over time. In a post on X, Schwartz said he once held approximately 26 million XRP but now holds about 2 million XRP, a reduction of roughly 92%. The disclosure came in response to a user asking about the size of his personal position. Schwartz, a key figure in the early development of the XRP Ledger and the broader altcoin ecosystem, has previously said he trimmed his holdings as the price of XRP rose, citing risk management and an aversion to holding large amounts of cryptocurrency. The latest statement does not specify when the sales occurred or at what prices, and it describes the overall change in his position rather than a single transaction. Even with the reduction, 2 million XRP remains a substantial holding for an individual, and the disclosure offers a rare look at the personal exposure of one of the project's most recognizable technical leaders. Schwartz helped design the XRP Ledger's consensus mechanism and remains one of the most closely followed voices in the XRP community. His comments do not signal any corporate or Ripple-related sale; they only describe his personal wallet over an extended period. The exact timeline of the reduction, including the price levels at which he sold, has not been disclosed. Still, the admission provides context on how early participants in the project have managed their exposure as XRP matured.

COINOTAG's proprietary 42-indicator composite S/R scoring engine rates support at $0.9870 with a score of 84/100, driven by S2, Keltner Lower, ATR Lower and BB Lower. Resistance at $1.0126 scores 64/100, supported by R1, Ichimoku Tenkan, ATR Upper and EMA 20. Derivatives data shows funding at 0.0059% and open interest near $757.7 million, with the long/short account ratio at 3.72 and 78.8% of accounts long. RSI at 37.48 and a bearish MACD signal confirm the downtrend, while the Fear & Greed Index at 41 reflects caution; the crowded long side leaves XRP vulnerable to a squeeze if support breaks. The bear-market thesis would be invalidated by a daily close above $1.0126, while a break below $0.9870 opens deeper support.