Ripple recently minted $30 million worth of RLUSD stablecoins following a $59.5 million issuance over two days, reflecting active minting and burning tied to customer deposits and redemptions. RLUSD's market cap has grown to about $2.5 billion, dominating the XRP Ledger's stablecoin supply at 93%. This growth supports Ripple's expanding institutional use cases, including credit markets and yield products, while indirectly benefiting XRP through network fees. The activity highlights dynamic supply management rather than just supply increase.
XRP trades at Rp25,786 on Pluang, down 4.53% as of Oct 07, 2026 20:07 WIB, with a market cap of Rp1.631,02 trillion and 24-hour volume of Rp52,55 trillion. Despite the recent RLUSD stablecoin minting activity by Ripple, XRP has seen a 1-day decline while Pluang users show a 65% sell order activity. The typical hold time for XRP on Pluang is 71 days, indicating moderate investor patience amid these developments.
The share of circulating XRP tokens in profit has reached 57.17%, the highest level since January, as XRP trades near $1.51. This metric shows the portion of XRP last bought below the current price, indicating more holders are in profit amid recent p...
Dogecoin led losses among major cryptocurrencies, dropping about 7% to $0.089 as Bitcoin, Ethereum, and XRP also declined amid a broad market selloff. The selloff is linked to rising oil prices above $100 per barrel, higher U.S. Treasury yields surpa...
On October 7, Ether (ETH) and XRP prices declined following weaker closes on October 6, with ETH down 0.45% and XRP down 0.70%. Sui (SUI) showed reduced upside momentum as its MACD indicator fell below the signal line, though it did not enter a long-...
XRP recently pulled back from a high of $1.51 and is now testing critical support levels around $1.37 and $1.45. The token's price rebound lacks strong volume confirmation, indicating cautious trading. Holding above $1.37, which aligns with its 200-d...
Crypto markets fell 3-5% following an evening selloff, with Bitcoin dropping to $83.6K and over $550M in long positions liquidated, led by Ethereum. Despite $119M inflows into Bitcoin ETFs, Ethereum ETFs saw $202M outflows. OKX secured new investment...
