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
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