Ripple’s RLUSD Stablecoin Sees Remarkable Growth Amid XRP’s Resurgence
Ripple’s RLUSD stablecoin has recently achieved a significant milestone, reaching a market capitalisation of US$600 million (approximately AU$929 million) by August 2025. This impressive growth is notable considering the stablecoin launched in late 2024 with a mere US$70 million (AU$108 million) market cap in January 2025.
As of August 5, RLUSD’s market value stands at US$602.5 million (AU$933.2 million), with a 24-hour trading volume recorded at US$42.9 million (AU$66.4 million). However, while RLUSD’s achievements are commendable, it still lags behind prominent competitors like Tether’s USDT and Circle’s USDC, which boast market caps of US$163.8 billion (AU$253.6 billion) and US$64.3 billion (AU$99.5 billion), respectively. In comparison, USDT’s 24-hour volume reaches a staggering US$69.6 billion (AU$107.7 billion), while USDC’s is at US$6.5 billion (AU$10.1 billion).
RLUSD operates on both the XRP Ledger (XRPL) and Ethereum networks. Ripple positions RLUSD primarily as a stablecoin targeting institutional users, aiming to enhance infrastructure for its clients, which include regulators, governments, and central banks, thereby ensuring compliance and security in the market.
XRP’s Surge: Analysts Predict Higher Prices
In addition to RLUSD’s growth, XRP has also experienced a notable uptick, surging 5% in recent trading sessions. Currently trading at approximately US$3.03 (AU$4.69), XRP has successfully regained a foothold above the three-dollar mark as the ongoing legal dispute with the US Securities and Exchange Commission (SEC) approaches a resolution. Investors are re-engaging with XRP due to the anticipation of multiple US-based spot exchange-traded funds (ETFs) for the cryptocurrency.
Jamie Elkaleh, CMO of Bitget Wallet, remarked on XRP’s resurgence, noting that renewed speculation surrounding ETFs combined with increasing legal clarity is enhancing market momentum. He suggested this shift signals a structural advancement for XRP’s legitimacy in the US financial landscape.
Analysts predict that XRP could continue its upward trajectory, potentially reaching prices between US$3.50 and US$4 in the forthcoming weeks. Ryan Lee, Chief Analyst at Bitget Research, highlighted that the prevailing catalysts—the growing ETF speculation and legal resolution—are propelling XRP towards its previous peak of US$3, with further gains likely.
A spot ETF for XRP could substantially impact its market performance. Recent trends show that cryptocurrency ETFs have garnered significant attention, with a record influx of US$12.8 billion in July alone, an average of AU$600 million daily, marking it as the most successful month on record.
As XRP and RLUSD continue to carve out their niches in the cryptocurrency landscape, they are both anticipated to play pivotal roles in shaping the future of digital assets, especially in the context of institutional adoption and regulatory developments.
In conclusion, while RLUSD’s growth may be impressive, XRP’s renewed momentum, driven by pivotal legal developments and ETF speculation, suggests a promising outlook for the cryptocurrency in the coming months.
