XRP News: RLUSD Issuance Hits $100M — Is a $2.5 Breakout Next?

Ripple’s RLUSD stablecoin has gained attention. Over $100 million has been issued since April 1. This surge shows rising demand. RLUSD is pegged 1:1 to the U.S. dollar. It is backed by cash reserves and U.S. Treasuries. Ripple added RLUSD to its payments system. Payment providers like BKK Forex and iSend already support it. Experts believe RLUSD could compete with Tether (USDT) and USD Coin (USDC). XRP Ledger’s new security feature helps compliance, allowing token recovery in special cases. This event impacts the crypto market and may affect XRP price prediction.

Ripple Mints $100M RLUSD as Demand Surges

Over $100 million in Ripple USD (RLUSD) has been issued since April 1. This stablecoin runs on the XRP Ledger and the Ethereum blockchain. It is backed by dollar deposits and short-term U.S. XRP News highlights that Ripple integrated RLUSD into its official payments product. BKK Forex and iSend are among the first to use it. On Tuesday, Ripple minted $50 million RLUSD. Another $50 million followed on Wednesday. This rapid issuance shows strong market demand.

💵💵💵💵💵💵💵 50,000,000 #RLUSD minted at RLUSD Treasury.https://t.co/OoZLB3xfgp

— Ripple Stablecoin Tracker (@RL_Tracker) April 2, 2025

RLUSD could shake up the crypto market, challenging dominant stablecoins like USDT and USDC. Its 1:1 reserve system helps keep its price stable. Users can mint RLUSD by depositing cash or burn tokens to redeem dollars. Arbitrage trading helps maintain its peg. A new XRP Ledger feature adds security. It allows issuers to reclaim RLUSD under special conditions. This helps in cases of fraud, illegal activity, or mistaken transactions. Institutional investors may find this security useful. The XRP ecosystem may benefit as RLUSD adoption grows. Increased use could drive more activity on XRP-based DeFi platforms, potentially boosting XRP demand.

Ripple Price Prediction for April 3rd

The trading day of April 2nd opened with bearish momentum, fueled by oversold conditions at 1:05 UTC and 2:10 UTC. Sellers remained in control as another oversold situation appeared at 6:00 UTC, forcing XRP to test support at $2.0675. A golden cross on the MACD line at 7:15 UTC signaled a bullish reversal, pushing the price upward. Buyers gained strength, leading to an overbought situation at 15:40 UTC. However, a death cross at 16:20 UTC suggested a potential bearish move. Despite this, another golden cross aligned with an overbought signal at 20:10 UTC, driving XRP to a resistance level of $2.2332.

Chart 1, analyzed by ShwetaCW, published on TradingView, April 3, 2025

The bulls failed to sustain the rally, and a death cross at 20:25 UTC initiated a downtrend. By 22:00 UTC, selling pressure intensified, breaking support as XRP found new lows at $1.9841, with an oversold condition at 22:40 UTC. A golden cross at 23:05 UTC sparked a recovery, carrying momentum into April 3rd. However, a death cross at 5:20 UTC reinforced bearish sentiment, with further downside pressure at 9:55 UTC. According to XRP price prediction, if the downtrend continues, XRP could test $1.9841. If bulls regain control, resistance at $2.2332 could break, with a potential upside to $2.2500.

XRP’s Outlook Amid RLUSD Growth

Ripple’s RLUSD launch is reshaping the crypto industry, adding competition for stablecoins like USDT and USDC. Increased adoption could strengthen XRP’s ecosystem, boosting its demand. According to XRP price prediction, if bullish momentum builds, XRP could break resistance at $2.2332. However, if sellers take control, it may retest support at $1.9841. The crypto market’s next move depends on RLUSD’s continued traction. Stay updated with the latest XRP news for further developments.