XRP-Backed RLUSD Stablecoin Surges Past $300M Supply Mark with Strong UAE Support

Ripple''s stablecoin RLUSD has achieved a significant milestone by surpassing $300 million in supply, reaching $320.6 million after a notable 29% weekly growth. Since its launch in December 2024, the token''s circulation has expanded sixfold, with $72.5 million minted in the most recent issuance cycle. Transaction volumes have also soared, hitting $648.1 million and approaching April''s peak of $741 million. Despite this rapid expansion, RLUSD currently represents just 0.1% of the $236 billion stablecoin market, indicating substantial growth potential. The backing from the UAE has been a key driver in its recent success, positioning RLUSD as a rising player in the stablecoin space.

RLUSD Surpasses $300M Supply Milestone with UAE Backing

Ripple''s stablecoin RLUSD breached the $300 million supply threshold for the first time, closing at $320.6 million after a 29% weekly expansion. The token''s circulation has grown sixfold since its December 2024 launch, with $72.5 million minted in the latest issuance cycle.

Transaction volume surged to $648.1 million, nearing April''s peak of $741 million. Despite rapid growth, RLUSD captures just 0.1% of the $236 billion stablecoin market dominated by USDT ($157.9B) and USDC ($59.6B). The token maintains full collateralization through short-term Treasurys and cash reserves under New York trust regulations.

Dubai''s Financial Services Authority granted critical approval, enabling Ripple to integrate RLUSD with its licensed payments platform in the Dubai International Financial Centre. This Middle Eastern foothold could accelerate adoption among the region''s 7,000+ institutional payment corridors.

XRP Price Eyes $20 to $27 in ''Guardian Arch'' Setup, But Major Correction Looms

XRP''s price action is drawing attention as it consolidates NEAR $2.30, having rebounded from critical support at $2.10. The token shows short-term bullish momentum, with trading volume surging on renewed institutional interest and ETF speculation.

A decisive break above $2.30 could propel XRP toward $3.00-$3.30 in the medium term. However, analysts caution that the ''Guardian Arch'' technical pattern presents a dual scenario: while it projects a potential rally to $27, it also warns of a sharp correction risk mirroring 2021''s volatility.

Market participants are closely watching the $2.10-$2.15 support zone. The token''s ability to maintain this level will determine whether the current Optimism translates into sustained upward movement or gives way to profit-taking.

XRP Price Surges Amid Market Recovery, Analysts Divided on Future Trajectory

XRP price jumped 2% to $2.25 today, riding the wave of a broader cryptocurrency market rebound. Trading volume spiked 90% to $2.8 billion, while futures open interest rose 6%, signaling renewed investor confidence. The crypto fear and greed index remains neutral, suggesting sustained bullish momentum.

Technical analysts highlight two potential paths: a breakout above key resistance could propel XRP to $3 or even $3.40, while failure to hold the $2.22 support level may trigger a decline to $1.80 or lower. The token''s weekly performance shows a 5% gain, though monthly charts remain in negative territory.

Market observers note the peculiar positioning of XRP—simultaneously exhibiting strong short-term momentum while confronting significant technical barriers. This dichotomy reflects the broader tension in cryptocurrency markets between recovery optimism and lingering macroeconomic uncertainties.

Ripple Expands XRPL Grants to Japanese Web3 Startups with $200K Funding Boost

Ripple is deepening its foothold in Japan’s blockchain ecosystem by allocating up to $200,000 in grants for startups building on the XRP Ledger. Announced June 9, the initiative targets innovation in real-world asset tokenization and digital payments—key growth areas for Web3 adoption.

The program, run in collaboration with JETRO-backed Web3 Salon, combines financial support with mentorship. Selected projects must demonstrate technical prowess and alignment with Ripple’s vision for global financial inclusion. Startups gain access to Ripple’s developer network and partner ecosystem, accelerating market reach.

Japan’s status as a tech-finance hub makes it a strategic beachhead for XRPL adoption. The grants underscore Ripple’s play for dominance in institutional blockchain infrastructure.

$10,000 XRP Prediction: Breaking Down the Math, Market Facts, and Possibilities

XRP emerges as a focal point amid seismic shifts in global finance. Legal developments and market dynamics fuel speculation, with some analysts projecting a $10,000 valuation. This outlook hinges on macroeconomic trends and XRP''s institutional utility.

The US dollar''s erosion—96% devaluation since 1971—coincides with unsustainable debt levels exceeding $34 trillion. As traditional finance grapples with liquidity constraints, Real World Asset tokenization presents a $16-30 trillion opportunity by 2030. BlackRock and JPMorgan''s involvement signals institutional demand for compliant, cross-border solutions.

XRP''s architecture positions it as a potential backbone for high-volume settlements. Its speed and regulatory clarity differentiate it from competitors, though market adoption remains the critical variable. The cryptocurrency''s trajectory will depend on both macroeconomic forces and its ability to capture institutional flows.

XRP Technical Analysis: Death Cross Signals Potential Downside Amid Falling Volume

XRP faces mounting technical risks as a death cross formation emerges, with its 23-day moving average slipping below the 50-day benchmark. The token''s recent 2.18% bounce from $2.08 to $2.18 shows hallmarks of a dead cat bounce, lacking conviction from traders.

Trading volume tells the sobering story—a 49% weekly plunge suggests dwindling market participation. This liquidity drought typically precedes weak price support, leaving XRP vulnerable to further declines. All eyes now turn to June 17 as a potential inflection point.

The death cross pattern historically foreshadows bearish momentum, signaling growing seller dominance. While some investors cling to the minor recovery, the technical landscape paints a cautious picture for XRP''s near-term trajectory.