XRP has once again captured traders’ attention as Ripple’s stablecoin, RLUSD, saw an extraordinary 103% increase in trading volume within just 24 hours. This unexpected spike in activity signals a rising role for Ripple in the broader crypto ecosystem, especially as market interest surges amid Bitcoin’s historic rally.
In the past day, the trading volume of Ripple USD (RLUSD) crossed $150 million, representing a 103.47% increase according to CoinMarketCap. This dramatic rise aligned with a wider market uptick, fueled by Bitcoin hitting an all-time high of $111,880. As capital floods into top cryptocurrencies, stablecoins like RLUSD are witnessing renewed interest as liquidity vehicles and hedging tools.
Despite RLUSD being ranked 15th by market capitalization among all USD-pegged stablecoins, its recent trading volume outshone many more established counterparts. While the market cap slightly decreased to $310.45 million, the trading volume accounted for nearly half that value — a volume-to-market cap ratio of 48.27%. Such figures underscore a heightened demand for RLUSD during this bout of market volatility.
RLUSD is currently circulating with approximately 310.5 million tokens, and around 2,700 wallets reportedly hold balances of this stable asset. Significantly, the token lacks a defined supply cap, providing Ripple with flexibility as demand grows. Despite being further down the rankings in terms of size, RLUSD positioned itself just behind market leaders Tether (USDT) and USD Coin (USDC) in daily trading volume.
This massive shift in trading volume can be attributed to broader market dynamics. Following Bitcoin’s surge past $111,000, investors began reallocating holdings and moving capital across assets to balance risk and exposure. In this environment, stablecoin usage tends to climb, with RLUSD becoming a top choice due to its integration in Ripple’s ongoing blockchain developments.
Investors appear increasingly interested in operational stablecoin alternatives tied to transparent ecosystems. Ripple’s continued support for RLUSD, including its deployment on the XRP Ledger, makes it an appealing option for traders needing swift transactions and interoperability. The combination of XRP’s performance and RLUSD’s scalability suggests Ripple is reinforcing its dual-token utility model.
Further amplifying this trend is the fact that few stablecoins matched RLUSD’s performance during the same timeframe. Besides USDT and USDC, no other USD-pegged tokens came close in volume growth, which emphasizes RLUSD’s emerging relevance in crypto trading strategies. While its market cap did not experience notable growth, the surge in user activity points toward increasing trust and usage across the Ripple infrastructure.
Whether this significant usage spike will be maintained in the long term remains uncertain. However, its timing with Bitcoin’s historic price movement indicates that RLUSD is becoming a vital player in capturing demand spikes during bullish momentum across the crypto ecosystem.
As traders continue to seek stability and flexibility in volatile conditions, Ripple’s growing stablecoin presence could play a central role in future digital asset liquidity. The recent performance of RLUSD positions Ripple favorably among decentralized finance solutions offering seamless asset movement and real-time utility.
Adding to the momentum, Ripple recently initiated new cross-border payment solutions tied to XRP, including partnerships in nations like the UAE. These collaborations may be fueling investor confidence in Ripple’s overall financial ecosystem, further encouraging the adoption of RLUSD during periods of intensified market activity.
Related: Expert Advice: Sell XRP If You’re Confused
Ultimately, Ripple’s evolving role in the current crypto landscape, driven by strategic expansion, stablecoin innovation, and performance-driven interest, is positioning XRP and RLUSD as integral components for traders and institutions navigating today’s fast-paced financial markets.
