u.today
Ripple USD ($RLUSD) stablecoin has soared in volume by over 143% within the last 24 hours. The spike in volume follows renewed interest in crypto activities on the market and $XRP breaching the $1.40 resistance level.
Is $XRP breakout driving demand for $RLUSD?
CoinMarketCap data reveals that Ripple USD stablecoin volume surged to an intraday peak of 143% as the broader crypto market buzzed with trading activities. In the Ripple ecosystem, $XRP’s bullish outlook has added to the $RLUSD demand.
Within the same period, $XRP’s demand has increased, with trading volume soaring by 148.48% to $3.12 billion. The upward surge flows from $XRP, finally breaching a critical resistance level.
As of writing time, $XRP exchanges hands at $1.47, which represents a 3.74% increase in the last 24 hours.
It appears that the surge in Ripple USD stablecoin demand comes from investors requiring $RLUSD to purchase $XRP and other crypto assets that are recording gains in the ongoing bullish recovery.
Notably, $RLUSD is gaining traction among crypto users, and this has supported its rapid growth in the space. Its market capitalization has hit $1.55 billion, with many anticipating it could attain the $2 billion level in the second quarter of 2026.
$RLUSD is designed to onboard institutional capital into the $XRP Ledger ecosystem, which creates more transaction routes and strong demand for $XRP. This is because $XRP serves as the bridge asset, and increased volume on $RLUSD has a way of positively impacting $XRP.
Ripple pushes global expansion for $RLUSD
Meanwhile, Ripple USD stablecoin has continued to witness increasing demand across the globe. As U.Today reported, Ripple’s senior executive, Reece Merrick, has highlighted that $RLUSD grew by 733% as demand surged across the globe.
Ripple remains strategic in its expansion moves and has been innovative as well. Merrick recently hinted that Ripple will become a single global payment platform for its institutional users.
With the move, banks and other financial companies can access $RLUSD, $XRP and $XRP Ledger under one roof without needing to juggle multiple vendors. This push for convenience might further increase adoption and grow its volume.