RLUSD supply surged over 30% last month, pushing its market cap to a new high above $2 billion, while USDT supply declined by 0.4%. RLUSD now represents over 90% of all stablecoins on the XRP Ledger with supply exceeding $950 million, compared to just 0.7% on Ethereum. This liquidity momentum coincides with an exceptional week for XRP, which gained over 53% in a single week and broke through the $1.50 resistance, with the XRP/ETH ratio posting its best weekly performance since early 2025. Over $1.18 billion in XRP long positions were liquidated on Bitfinex, raising questions about whether sustained RLUSD liquidity growth can support XRP’s upward momentum.
Source: Read the original article
