Ripple's RLUSD Crosses $1 Billion Circulating Supply on XRP (XRP) Ledger

RLUSD Supply Tops $1 Billion

Ripple's RLUSD stablecoin has surpassed $1 billion in circulating supply on the XRP Ledger for the first time, a landmark reached on Aug. 28 as minting activity on the network accelerated toward month-end. Ledger-level tracking puts RLUSD's supply on the chain at $1,024,222,594 — just over $1.02 billion — after two consecutive days of heavy issuance. On Aug. 27, $26.2 million of RLUSD was minted against $6.9 million burned; through Aug. 28, minting reached $36.9 million against $7.5 million in burns. Three of those mint transactions — 19,900,000 RLUSD, 10,000,000 RLUSD and 10,000,000 RLUSD — were reported by the Ripple Stablecoin Tracker's official X account. The expansion spans chains: Ethereum recorded $53.3 million in RLUSD mints so far on Aug. 28 against $5 million burned, and RLUSD's total supply across networks sits at $2.27 billion, of which $1.24 billion circulates on Ethereum. Ripple has been deliberately deepening the stablecoin's liquidity across its supported blockchains to tighten on-chain pricing and reduce slippage for users moving value through Ripple's cross-border settlement asset, and month-end flows typically amplify that activity. The milestone lands during a broader run of XRP Ledger development: the ledger this week passed five billion transactions settled across its 14-year history, Ripple opened an AI-only security review of Lending Protocol V1.1 through the Sherlock Audit Engine, the SEC declared XRP treasury company Evernorth's registration statement effective — a step analyst Hussein Zangana (Vet) frames as the point where ledger DeFi can begin leveraging Evernorth's initial reserve of 473 million XRP — and Mastercard joined as a sponsor of the XRP Ledger Hackathon co-hosted by the XRP Ledger Foundation ahead of the Ripple Swell event.

$1.55 Resistance in Focus

While the ledger's liquidity layer expands, XRP's chart is testing the durability of its August recovery. The token staged a sharp rebound from its August lows against USDT, breaking above a broad descending channel and reclaiming both the 100-day and 200-day moving averages near $1.15 and $1.30 after climbing from roughly $1.00. The breakout carried price to a local high with a long candlestick wick near $1.70 before a meaningful correction brought XRP back to around $1.41. Supply now concentrates between $1.45 and $1.55, a zone that has capped the rebound; a sustained daily close above $1.55 would strengthen the bullish case and open the path toward the larger $1.85-$1.90 resistance band. Momentum is cooling rather than collapsing — the RSI pushed above 75 during the breakout before pulling back to the mid-70s, a digestion of the vertical move that only turns bearish if it keeps deteriorating while price sits below $1.50. The altcoin's Bitcoin pair tells a weaker story: XRP/BTC spiked from roughly 1,500 sats above 2,000 sats, was rejected at that supply-congested boundary, and slipped back below its 200-day moving average just above 1,800 sats. Holding near 1,700 sats and the 100-day average could set up another attack on resistance, while losing that shelf exposes a fair-value-gap area below 1,700 sats. Our related coverage tracks this structure in detail in XRP (XRP) Holds $1.42 After Reclaiming Long-Term $1.35 Resistance as Support. Readers tracking the market in real time can follow live spot and futures prices on Binance.

Liquidity First, Price Follows

Our reading of the two threads is that they are one story: the ledger's settlement capacity — five billion lifetime transactions, per the network's own records — is being filled with dollar liquidity, and price structure follows usage with a lag. Spot color confirms the tension, with XRP down about 5.1% over the past 24 hours even as RLUSD supply makes new highs. For traders sizing positions, see our guide to the best crypto exchanges for XRP pairs, and our deep dive on XRP (XRP) Ledger transaction density jumping 187.9% to 189.29 per ledger.