XRP Gains as RLUSD Trading Boom Adds Liquidity on XRPL

Published: 2026-07-01 00:43:52 |

Evernorth, an XRP treasury firm, says XRP is strengthening its role as the core settlement asset on the XRP Ledger as RLUSD adoption accelerates. Key findings from its June 30 analysis: - RLUSD activity is processed as XRP transactions. Every RLUSD transfer, swap and trade uses XRP for settlement and fees, so XRP’s network usage and fee generation rise with RLUSD. - RLUSD trading share on XRPL grew from under 1% to about 12% by 2026. - Monthly RLUSD-related transactions rose from ~54,000 in Dec 2024 to ~600,000–1.1 million in 2026. - The RLUSD/XRP pair handled roughly $900M over the past six months, near 90% of RLUSD trading on the network. - RLUSD supply increased from ~$20M (end of 2024) to about $800M by late June 2026. XRPL hosts ~51% of RLUSD supply, up from ~17% in April. - Participation also expanded: RLUSD was held by 45,527 accounts and 93,898 trust lines were created as of Jun 25. - RLUSD payments on XRPL jumped from ~$68M (Dec 2024) to ~$5.08B (May 2026), with larger transactions becoming more common. Evernorth also addressed a common concern—whether RLUSD would “eat” XRP. Its on-chain data indicates the opposite: RLUSD growth is deepening XRPL liquidity while continuing to burn XRP via fees. For traders, the headline is clear: XRP’s transaction volume, liquidity depth and fee demand may benefit as RLUSD scales, reinforcing bullish narrative around XRPL settlement usage of XRP.

Bullish

This news is bullish for XRP because it links RLUSD growth directly to higher XRPL activity that still relies on XRP for settlement and fees. Evernorth’s on-chain metrics suggest RLUSD adoption is not replacing XRP; instead, it is increasing XRP transaction count and fee generation, with a stated increase in RLUSD/XRP trading volume (~$900M in six months) and rising RLUSD supply/holders. Short-term, traders may bid XRP on narrative momentum: more RLUSD usage can imply stronger near-term demand for XRP as the “bridge” and fee asset on XRPL. If fee burn and liquidity depth improve as transaction volume rises, it can support sentiment during market rallies. Long-term, the structural takeaway is that XRP’s utility may strengthen alongside stablecoin scaling on its native ledger. Similar past patterns in crypto have shown that when token utility (settlement, fees, gas) expands due to new on-chain products, price performance often benefits even if broader DEX volumes fluctuate. Risks remain: overall DEX activity reportedly declined while RLUSD share grew, so market-wide liquidity conditions could temper follow-through. However, the specific mechanism—RLUSD transactions being processed as XRP transactions—keeps the upside bias for XRP’s network-demand story.