XRP Price Surges as RLUSD Stablecoin Outpaces PYUSD in Trading Volume

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XRP Price Surges as RLUSD Stablecoin Outpaces PYUSD in Trading Volume

The cryptocurrency market is showing signs of recovery, and Ripple (XRP) is leading the charge. XRP’s price has climbed to a monthly high of $2.60, fueled by renewed investor interest and the growing adoption of Ripple’s USD stablecoin, RLUSD. With rising trading volumes and increasing utility, XRP is positioned for continued growth.


XRP Price Rally Gains Momentum

Ripple’s XRP has extended its recovery after bouncing off a psychological support level of $2 on December 30. The token has surged steadily, reaching its highest value in over a month.

Key factors driving XRP’s rise include:

  • Increased adoption of RLUSD, Ripple’s USD-pegged stablecoin, which now holds over $72 million in assets.
  • Rising trading volume for RLUSD, hitting $162 million in 24 hours, making it the sixth-most-used stablecoin according to CoinGecko.

RLUSD Outpaces PYUSD in Key Metric

Ripple’s RLUSD stablecoin is making waves in the stablecoin market, surpassing PayPal’s PYUSD in 24-hour trading volume. While PYUSD, with a market cap of $534 million, recorded a modest daily volume of $22 million, RLUSD’s $162 million volume highlights its growing traction among crypto users.

RLUSD has also outperformed other stablecoins, including:

  • Justin Sun’s USDD
  • Frax (FRAX)

Despite this growth, RLUSD faces competition from industry giants like Tether (USDT) and USD Coin (USDC), which recorded 24-hour trading volumes of $74 billion and $6.7 billion, respectively.


Ripple Network Sees Increased Utility

XRP’s rally is further bolstered by the rising popularity of Ripple meme coins, such as:

  • Pongo
  • XRP Army
  • PHNIX
  • Britto

These tokens have increased engagement on the Ripple network, which has faced criticism in the past for being a “ghost chain.” The combined growth of RLUSD and these new tokens is helping enhance Ripple’s ecosystem utility.


XRP and the SEC Outlook

XRP’s bullish trend coincides with rising speculation about potential regulatory changes under the upcoming Donald Trump administration. Investors are optimistic about the Securities and Exchange Commission (SEC) adopting more crypto-friendly policies, with a 58% chance of a spot XRP ETF approval in 2025, according to Polymarket predictions.

XRP chart | Source: crypto.news

Technical Analysis: XRP Targets New Highs

XRP’s technical indicators point to sustained bullish momentum:

  • Symmetrical Triangle Formation: XRP has rebounded from the lower boundary of a bullish pennant, indicating further upward potential.
  • Break-and-Retest Pattern: XRP has successfully tested the key support level of $1.9660, its previous all-time high, which is a positive continuation signal.
  • Moving Averages: XRP remains above all major moving averages, supporting its bullish trajectory.

The next critical resistance level for XRP is $2.9150, which could serve as a short-term target in its ongoing rally.


Conclusion: A Promising Road Ahead for XRP

As XRP continues its upward momentum, bolstered by the growth of RLUSD and rising network activity, it’s clear that Ripple is regaining its position as a major player in the crypto space. The anticipation of regulatory clarity and potential ETF approval adds further optimism for long-term growth.

For investors, XRP’s recovery and the strength of Ripple’s ecosystem present a compelling opportunity to capitalize on this resurgence.


Stay updated on Ripple and the cryptocurrency market with crypto.news. Disclaimer: This article is for informational purposes only and does not constitute financial advice.

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