Ripple Stablecoin RLUSD Sees Volume Crash, But XRP Stays Resilient

Ripple’s stablecoin RLUSD has experienced a steep drop in trading volume, falling over 60% in the past 24 hours to $44.63 million, according to CoinMarketCap. This decline marks a significant 57% drop in user demand, fueling concerns about the asset's liquidity and long-term stability within the XRP Ledger (XRPL) ecosystem.

Market observers suggest the slump may be tied to a halt in minting activity. Ripple has not issued new RLUSD tokens for more than 41 days, as reported by U.Today. The absence of new supply and reduced demand could reflect strategic supply management by Ripple Labs or a shift in user preference back toward dominant stablecoins like Tether (USDT) and USD Coin (USDC).

Despite the RLUSD setback, XRP, Ripple’s native cryptocurrency, remains unaffected and has shown bullish resilience. XRP is currently trading at $2.18, a 0.28% dip in the last 24 hours, but still recovering from a recent low of $2.08. Trading volume for XRP surged by over 75% to $3.51 billion, signaling strong investor interest and a potential decoupling from RLUSD performance.

Analysts believe the recent decline in RLUSD activity is likely temporary. Ripple’s regulatory greenlight in Dubai could soon boost ecosystem adoption and revive interest in its stablecoin initiative. As the global cross-border payments market—valued at $31.6 trillion—continues expanding, RLUSD may regain traction, especially if Ripple resumes stablecoin minting and strengthens partnerships.

While the sharp drop in RLUSD volume raises concerns, XRP’s solid fundamentals and independent utility for international payments appear to shield it from broader ecosystem uncertainty, positioning it well for future growth.