RLUSD or Ripple USD, part of the Ripple network stablecoins, has also gained an exciting feat. The asset experienced an extraordinary 87% increase in volume to over $10 billion transacted over platforms such as Kraken. Such growth places RLUSD amongst the leading cryptocurrencies.
Key Factors Fueling RLUSD Growth
The recent surge in RLUSD trading volume is due to its place in Ripple’s strong payment networks. The addition of RLUSD makes cross-border payments stronger, so RLUSD draws institutional investors in droves.
The surge in institutional demand is because RLUSD can hold its own against long-standing stablecoins such as Tether (USDT) and USD Coin (USDC).
As RLUSD expands, it has become identified with the scalability and efficiency that Ripple’s enterprise-level blockchain solutions provide. Active participation by several exchanges makes it seen and credible, and its acceptance grows further.
Stability of XRP During Market Volatility
Even while the overall cryptocurrency market has been volatile, Ripple’s in-house token XRP has held a steady price of around $2. Experts take the importance of this support level into account. According to a report, XRP recently rebounded after falling below $2, demonstrating strength in volatility.
In addition, the market shows signs of a likely bullish reversal for XRP. The recovery of the token from established moving averages confirms that it is strong enough to create a strong foundation for future growth. Analysts are of the view that if XRP breaks resistance levels of $2.27 and $2.39, it could mark the start of a long-term uptrend.
Future Developments: Significant Ripple Event
Alongside the success of RLUSD, Ripple CEO Brad Garlinghouse has also indicated important announcements that are coming the way of the XRPL Apex 2025 conference. The conference will feature new developments which could further affect both RLUSD and XRP’s market trajectory.
The conference will likely occur in Singapore, which could take the Ripple community and investors further into action. Hype for this occasion already has people debating what will happen next with Ripple and innovation, as can be observed on Coinpedia.
With Ripple preparing for the forthcoming releases, the community interest in both RLUSD and XRP appears to be increasing. The experts are equally keen on the way these things will go and possibly shape the cryptocurrency world.
