Ripple USD Stablecoin Volume Surges Amid XRP Price Gains, Suggesting Potential Market Impact
2025-07-18 14:19:47
Main Idea
Ripple USD stablecoin (RLUSD) volume surges by 127%, driving XRP price gains and market momentum, with analysts eyeing a $6.90 target for XRP.
Key Points
1. RLUSD trading volume increased by 127%, exceeding $2.41 billion, reflecting growing investor confidence in the XRP Ledger.
2. XRP price rose over 31% in the past week, trading at $3.47, nearing its 2018 all-time high of $3.84.
3. Increased RLUSD activity may reduce XRP supply due to fee burns, potentially driving XRP prices higher.
4. Analyst DonAlt projects a bullish target of $6.90 for XRP, contingent on market momentum and Ripple ecosystem developments.
5. The surge in RLUSD and XRP highlights growing liquidity and adoption within the Ripple ecosystem.
Description
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