XRP Price Surge Fuels RLUSD Market Dip, $44M Vanishes

Ripple’s RLUSD stablecoin experienced a sharp decline in trading volume, losing nearly $44 million within just one day. This unexpected drop coincided with XRP prices rebounding, drawing investors back to the asset. 📈 While this move hasn’t significantly impacted RLUSD’s market cap ($316.9 million), it reflects a shift in investor sentiment towards Ripple’s flagship cryptocurrency. 🤝 Following a recent price reversal and increased confidence in XRP, many traders have opted to re-allocate their funds. Despite RLUSD’s listing on Gemini and Ripple’s donations for charity, its trading volume continues to be impacted by the volatility of the crypto market.