- Ripple USD’s circulating supply rose to $160M, with Ethereum mainnet accounts holding it growing 15% to 2,345.
- Uniswap led RLUSD trading with $12.5M volume, supplementing its $23M worth of daily on-chain exchange transactions.
- RLUSD/ETH exhibited bullish momentum at $1.004, with RLUSD/USDT at $0.9995.
Ripple’s RLUSD stablecoin is rapidly gaining traction, reaching a circulating supply of $160 million. The number of RLUSD tokens on the Ethereum mainnet (Addresses) has been increasing, signaling strong adoption. With this growth, RLUSD is gaining a considerable share in the stablecoin market.
Uniswap Leads with $12.5 Million Volume
Ripple’s RLUSD stablecoin achieved remarkable strides in cryptocurrency. According to IntoTheBlock post, its circulating supply surged to $160 million, reflecting strong market demand. The net worth was paired with an increase in holders of RLUSD Ethereum mainnet addresses by 15% from one week to the next, leading it now to 2,345 holders.
In the past 24 hours, RLUSD underwent a trading volume of $23 million, with Uniswap accounting for $12.5 of those million dollars. That increased participation on the market shows increased liquidity. The RLUSD/ETH pair increased in price by 0.5%, leading the positive sentiment, whereas RLUSD/USDT decreased in volume by 0.1% resulting in neutral sentiment from the market participants.
XRP’s potential upside is estimated at $4 or higher, provided the bullish momentum sustains. At the time of writing, XRP trades at $2.4, marking a 3.5% decline in the past 24 hours, per CoinMarketCap. A rally to $4 would equate to a 66.7% surge from its current price.
Ripple USD Maintains Market Stability
Technical analysis indicates that RLUSD is performing well. As of March 21, 2025, RLUSD/USDT’s 24-hour moving average was $0.9995, a little below the breaking point. RLUSD/ETH, on the other hand, is on a bullish run averaging $1.004 over 24 hours, instilling confidence for Ethereum traders.
With an RSI of 48, RLUSD/USDT is currently neutral. On-chain data corresponds to this analysis with an average transaction value of $5,000 across 4,690 transactions in the last 24 hours. These numbers reflect the increasing confidence and adoption of RLUSD amongst traders.
In the long term, analysts agree that RLUSD will continue to grow, especially if adoption increases RLUSD supply. With Ripple expanding into the stablecoin domain, RLUSD has potential to take on other giants. However with fierce competition, maintaining liquidity is necessary for long-term sustainability.
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