Ripple Mints 13M RLUSD as XRP Fights $2.14 Resistance: $500M in Sight?
Ripple has quietly escalated its stablecoin ambitions with another 13 million RLUSD minted, pushing the market cap of its dollar-backed
Quick overview
- Ripple has minted an additional 13 million RLUSD, increasing its market cap to approximately $428.7 million.
- The recent minting activities suggest that RLUSD is being prepared for deployment in centralized exchanges or DeFi protocols.
- Analysts believe that reaching a $500 million market cap could enhance RLUSD's credibility for institutional adoption and exchange listings.
- While RLUSD gains traction, XRP struggles to break through key resistance levels, indicating a bearish sentiment in its price action.
Ripple has quietly escalated its stablecoin ambitions with another 13 million RLUSD minted, pushing the market cap of its dollar-backed asset to approximately $428.7 million. The move, flagged by the Ripple Stablecoin Tracker, brings RLUSD within striking distance of the symbolic $500 million threshold.
Verified on-chain via Etherscan, the mint is Ripple’s second in less than a week, following a 10 million RLUSD issuance just days earlier. The destination wallet is believed to be tied to Ripple’s liquidity operations, suggesting these tokens are headed for deployment in centralized exchanges or DeFi protocols.
Why it matters: RLUSD is Ripple’s answer to USDT and USDC, however, with a focus on regulatory alignment and cross-chain utility. The project’s positioning is strategic, aligning with Ripple’s broader push into payments, liquidity solutions, and DeFi infrastructure.
Key On-Chain Highlights:
- RLUSD market cap: $428.7M
- Most recent mint: 13M RLUSD
- Total minted in 3 days: 23M RLUSD
- Destination: CEX/DeFi-linked wallet
- Distribution: No single wallet dominance
Institutional Demand Grows for Regulated Stablecoins
Crossing the half-billion mark isn’t just symbolic—it could mark the entry point for institutional adoption. Analysts suggest that a $500M market cap adds credibility for listing RLUSD on major exchanges and integrating it into payment rails, particularly as regulatory clarity improves.
The recent passage of the GENIUS Act, aimed at providing a framework for U.S. stablecoin issuers, may also be fueling Ripple’s aggressive mints. Experts see the act as a green light for compliant issuers like Ripple to scale operations, with RLUSD being a prime candidate.
As demand broadens, Ripple is expected to push RLUSD beyond Ethereum through multi-chain deployments and international integrations, solidifying its role in global finance.
XRP Faces Resistance While RLUSD Gains Traction
While RLUSD gains momentum, XRP/USD is still fighting to regain bullish footing. Currently trading at $2.14, XRP remains below its 50-EMA ($2.14408) and 200-EMA ($2.17333), with price action capped by a descending trendline.
Candlestick patterns such as spinning tops near resistance highlight indecision. A breakout above $2.18 would shift sentiment, but until then, bearish control persists.
Technical Trade Setup:
- Short Entry: $2.14–$2.145
- Stop-Loss: Above $2.18
- Targets: $2.10794, $2.08507
Traders should watch for MACD confirmation or rejection candles. Until XRP reclaims $2.18, price action may remain subdued—even as RLUSD reshapes Ripple’s long-term outlook.
- Check out our free forex signals
- Follow the top economic events on FX Leaders economic calendar
- Trade better, discover more Forex Trading Strategies
- Open a FREE Trading Account
Related Articles
Sidebar rates
Related Posts
Save
Join 350 000+ traders receiving Free Trading Signals
