XRP Stays Resilient as RLUSD Stablecoin Sees Sharp Trading Volume Decline and Ongoing Minting Suspension
Ripple’s USD stablecoin, RLUSD, has suffered a significant drop in trading volume—down more than 57% to $44.63 million in 24 hours—amid over 41 days of halted token minting by Ripple Labs. This pause likely aims to control supply during market volatility, but it stirs concerns about liquidity for XRP Ledger-based dApps and decentralized exchanges. Despite RLUSD’s declining activity, Ripple’s native token XRP has remained stable, with its price near $2.18 and trading volume surging 75.12% to $3.51 billion. This divergence signals that XRP is increasingly decoupling from RLUSD’s performance, buoyed by its established role in cross-border payments and recent regulatory approval in Dubai. Industry analysts believe RLUSD’s slump may be temporary, expecting demand to revive as market conditions and regulations improve. Crypto traders should carefully watch Ripple’s ongoing strategic moves, as these developments could significantly impact both RLUSD’s and XRP’s market prospects.
Neutral
Despite the sharp drop in RLUSD’s trading volume and the ongoing minting suspension, XRP has demonstrated strong resilience. Its price remains largely stable and trading volume has increased significantly, suggesting sustained trader interest. The decoupling of XRP’s performance from RLUSD’s downturn is reinforced by XRP’s established role in global payments and recent regulatory successes. RLUSD’s slump is viewed as likely temporary by analysts, with potential for recovery if market and regulatory factors improve. As a result, the immediate impact on XRP is neutral; ongoing Ripple strategy and market trends will determine future shifts.