The post XRP price forecast as Ripple USD (RLUSD) volume drops appeared on BitcoinEthereumNews.com.

XRP has rebounded to $2.18, overcoming an hourly death cross signal. The RLUSD volume has dropped over 60% amid halted minting. XRP is likely to trade between $2.15 and $2.25 in the short term. The price of XRP has shown notable resilience even as broader market sentiment remains cautious. As of press time, XRP trades at $2.18, reflecting a slight 0.2% increase over the past 24 hours. The cryptocurrency rebounded sharply after falling to $2.06 on Thursday, recovering most of the intraday losses and closing the trading session with signs of renewed bullish pressure. Ripple USD (RLUSD) sees a steep volume decline While XRP has been showing signs of strength, Ripple’s stablecoin, Ripple USD (RLUSD), has suffered a sharp drop in market activity. The trading volume for RLUSD has declined by more than 60%, plunging to around $42 million according to CoinMarketCap data. According to market observers, the decline has been attributed to a pause in minting, as Ripple has not issued any new RLUSD tokens in over 41 days. This prolonged halt suggests either a strategic move to limit supply or waning demand for the asset. The drop in volume has led to speculation about its potential impact on the XRP Ledger ecosystem. Some analysts argue that lower RLUSD activity could reduce liquidity across decentralised exchanges and decentralised applications built on the XRPL. Although RLUSD was introduced as a competitor to dominant stablecoins like USDT and USDC, the recent decline hints that user adoption may be stalling. However, XRP has remained relatively insulated from this downturn, largely due to its broader utility in cross-border payments and remittances. Despite the interconnectedness of the two assets within Ripple’s ecosystem, XRP’s price dynamics appear to be decoupling from those of RLUSD. This separation reinforces the view that XRP’s valuation is being driven…

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Filed under: News - @ June 6, 2025 6:29 pm