XRP Ecosystem Strengthens as Ripple Executes Aggressive RLUSD Token Burn Strategy

In a significant move within the stablecoin landscape, Ripple has executed a major supply reduction of its RLUSD stablecoin, burning 35 million tokens from circulation in a single week. According to blockchain tracker @RL_Tracker, the latest transaction involved the destruction of 10 million RLUSD tokens, marking the second major burn recorded on March 29, 2026. This aggressive deflationary strategy has resulted in a net reduction of 35 million RLUSD over the past seven days, as Ripple's treasury incinerated a total of 45 million tokens while minting only 10 million new ones. The deliberate supply contraction represents a strategic shift in Ripple's stablecoin management approach, potentially signaling confidence in the underlying XRP ecosystem and its utility for cross-border settlements. Market analysts suggest this burn mechanism could enhance RLUSD's price stability and scarcity value, while simultaneously reducing circulating supply in a manner that may positively influence perception of Ripple's broader tokenomics. The timing of these burns coincides with increasing regulatory clarity for stablecoins in key jurisdictions, positioning Ripple to potentially capture greater market share in the institutional digital asset space. As the company continues to balance token minting with strategic burns, the XRP community watches closely for potential ripple effects on XRP's utility and valuation, particularly given the interconnected nature of Ripple's product ecosystem. This supply-side intervention demonstrates Ripple's proactive approach to stablecoin management amid evolving market conditions and competitive pressures in the cryptocurrency sector.

Ripple Executes Major RLUSD Token Burn, Reducing Supply by 35M in Weekly Tally

Ripple has intensified its stablecoin supply management with a series of strategic burns, destroying 10 million RLUSD tokens in its latest move. Blockchain tracker @RL_Tracker confirmed the transaction, marking the second major reduction recorded on the same day.

The company's treasury has now incinerated 45 million RLUSD over seven days while minting only 10 million new tokens. This aggressive deflationary action follows a 30 million RLUSD single-day burn executed on March 23, demonstrating Ripple's commitment to supply control.

Market observers note the absence of official commentary from Ripple regarding these transactions. The consecutive burns suggest a deliberate strategy to tighten supply, potentially signaling preparation for new treasury management protocols or ecosystem developments.

Miles Franklin CEO Andy Schectman Discloses XRP Holdings, Labels It a Top-Tier Speculative Asset

Andy Schectman, President and founder of Miles Franklin Precious Metals, has openly acknowledged his personal investment in XRP, positioning it within the uppermost speculative tier of his investment framework. The revelation underscores a growing institutional tolerance for digital assets even among traditional precious metals executives.

Schectman's strategy segments investments into risk layers, with XRP deliberately placed in the high-reward, high-volatility category. This allocation mirrors broader market trends where seasoned investors increasingly carve out exposure to cryptocurrencies despite inherent unpredictability.

XRP Tests Critical Support as Technical Signals Hint at Rebound

XRP faces a pivotal moment as it hovers near $1.38, a key psychological support level after retreating from $1.53. The TD Sequential indicator flashes a buy signal on the 12-hour chart—a historically reliable short-term reversal pattern with 70% accuracy. Yet traders remain cautious, awaiting confirmation from volume and price action.

Market sentiment hinges on whether $1 holds. A breakdown could trigger cascading liquidations, while a bounce may revive bullish momentum. The cryptocurrency’s recent volatility mirrors broader sector turbulence, with futures markets reflecting heightened speculative activity.

Analysts eye the $2 threshold as the next major resistance, though macroeconomic forces and institutional flows will likely dictate XRP’s trajectory more than technicals alone. The asset’s correlation with Bitcoin and regulatory developments remain understated wildcards.

XRP Completes Wave 4 of Elliott Wave Structure, Eyes $8.5 Target in Wave 5

XRP has finalized Wave 4 in a multi-year Elliott Wave pattern, setting the stage for Wave 5 to potentially surge beyond $8.50—a new all-time high. The broader market slump continues to weigh on asset performance, with XRP facing resistance near current lows.

Technical analysts highlight the significance of this Elliott Wave progression, suggesting a decisive breakout could materialize once market sentiment shifts. The $8.50 target derives from Fibonacci extensions of prior waves, though macroeconomic headwinds remain a key variable.

Veteran Analyst Outlines Critical Phase for XRP Price Trajectory

XRP approaches a pivotal market structure that could deceive bullish traders, according to veteran analyst Tara. The asset's current pattern mirrors a Wave 2/5 retracement—a technical formation often preceding significant price movements.

Tara, known for tracking both Bitcoin and XRP cycles, suggests the coming days may determine whether the token breaks upward or faces further consolidation. Such retracements typically separate impatient speculators from strategic investors.

Gold Veteran Allocates 10% of Portfolio to XRP, Citing Institutional Potential

Andy Schectman, CEO of Miles Franklin Precious Metals, has disclosed a 10% allocation to XRP in his investment portfolio. The gold market veteran described the digital asset as an "intriguing idea" with significant upside potential, despite maintaining a cautious stance. His endorsement carries weight given his deep roots in traditional finance and commodities.

Institutional interest in XRP appears to be growing, with reports suggesting Goldman Sachs may have exposure to the asset. Schectman emphasized that XRP's long-term success hinges on bank adoption: "If it's going to take, it's going to be because the banks embrace it." This aligns with XRP's design for cross-border payments and financial institution use cases.

However, Schectman noted adoption challenges, particularly around user experience. "Managing wallets, keys, and transfers remains too complex for average users," he observed, suggesting mainstream adoption will require simplified interfaces comparable to traditional banking apps.