Ripple’s Stablecoin Takes a Nosedive! Is XRP the Next Victim?

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Hold onto your hats, folks! Ripple‘s stablecoin, RLUSD, has just taken a wild plunge—down a shocking 57%! What’s going on? Well, the demand for RLUSD has dropped faster than a pancake off a griddle. According to CoinMarketCap, the trading volume just fell off the cliff by 60.14%, landing at a pitiful $44.63 million in the last 24 hours. Yikes! 🤦‍♂️

RLUSD Demand Crashes—Like a Car Without Brakes 🚗💥

But wait, there’s more! The big question everyone’s asking: what does this mean for XRP, Ripple’s beloved token? Well, if we take a peek at RLUSD’s sluggish performance, it seems like all those users who once ran to RLUSD as a noble alternative to Tether’s USDT and Circle’s USDC might have packed up their bags and hightailed it out of here. Bye-bye, liquidity! 👋

Let’s face it—low demand means the XRP Ledger (XRPL) is about as lively as a sleeping cat. No minting activity in sight for a whopping three weeks. Ripple has basically been on a vacation, doing nothing, while the stablecoin market sits in a dusty corner of the crypto world.

According to U.Today, Ripple Labs hasn’t minted any RLUSD for more than 41 days. It’s almost like they’ve decided to stop feeding it altogether to keep supply from running amok. A pretty bold move, I must say. 🙄

But here’s the kicker—XRP doesn’t seem to care. It’s strutting around like it’s on top of the world! Despite RLUSD’s sad tumble, XRP is still doing its own thing, standing tall on its own positive fundamentals. In fact, it looks like it’s taken a little detour, finding its own way out of this mess. So, no need to panic for XRP fans—it’s not going down with the ship just yet! 🚀

XRP Shows Its Strength, RLUSD Takes a Nap 😴

As of today, XRP is hanging around at $2.18, just a teeny drop of 0.28% in the last 24 hours. But guess what? It’s recovering like a champ, having climbed from $2.08. Investors are clearly on board with XRP’s journey, as trading volume shot up a whopping 75.12% to $3.51 billion. Looks like XRP’s still got some fight in it! 💪

So, what about RLUSD’s fate? Well, it’s not totally over yet—this drop in volume could just be a temporary hiccup. The market seems to be gearing up for a trend shift, and Ripple has even snagged regulatory approval in Dubai. Who knows? It might just turn this ship around. 🌍✨

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2025-06-06 19:15