Please pay attention‼️ $XRP is working hard to recover, but the price is forming a rebound in the low range. Open a long position now and wait for the next move. Entry price: $1.4255 – $1.4280Target prices: $1.4397 / $1.4472 / $1.4700Stop-loss: $1.4073

$RLUSD Ripple's dollar-pegged stablecoin RLUSD has crossed $2.5 billion in market capitalization, a milestone that arrives less than two years after its launch in December 2024. The supply now sits at approximately $2.52 billion, up from $2.37 billion a month earlier. The token crossed the $2 billion threshold in late August, meaning circulating supply expanded by more than $400 million in just over a month. The growth has been driven by a steady pace of new issuance. Over the past thirty days, $790 million worth of RLUSD was issued across the two networks where it primarily operates. Daily issuance was generally below $50 million, but several days saw larger releases, including $76.3 million on September 21 and $130.3 million on September 25. Those figures are gross numbers. Ripple also burned $638 million worth of tokens over the same period, which means net supply growth was closer to $152 million. The distinction matters because it shows that the headline issuance figures overstate how much new supply actually entered circulation. The supply is not evenly distributed. About $1.40 billion of RLUSD sits on Ethereum, while $1.12 billion sits on the XRP Ledger. That means roughly 55% of the total supply is outside the XRP ecosystem. The balance has shifted repeatedly over the course of 2026. Over the past month, supply on the XRP Ledger grew slightly faster than on Ethereum, but over the past week, Ethereum led. Within the XRP Ledger itself, RLUSD holds a dominant position, accounting for roughly 92% of the ledger's stablecoin market. The relationship between RLUSD and XRP is more complicated than it first appears. RLUSD is backed one-to-one by segregated cash and cash equivalents, and institutions mint and redeem it through Ripple's platform. XRP is not required to create, hold, or redeem the stablecoin. That means a bank or payment firm can settle in RLUSD without ever touching XRP's price swings. The economics also flow to Ripple as a private company, because every dollar held in RLUSD reserves earns interest income. XRP holders do not participate in that revenue. The two assets do different jobs, and their prices have moved in different directions. RLUSD has grown more than 85% in 2026, while XRP remains well below its all-time high. What makes the milestone notable is not just the size but the trajectory. RLUSD reached $2.5 billion just twenty-one months after launch, and it has done so while the broader crypto market has faced weakness and while growth in the overall stablecoin sector has slowed. The expansion is being driven by institutional adoption rather than retail speculation. Ripple is building payment corridors in Asia, including a partnership in Korea that connects retail cross-border remittances and a network linking Korea to Southeast Asia. The stablecoin is also moving into tokenized assets and credit markets, which broadens its role beyond simple payments. The $2.5 billion mark places RLUSD among the larger regulated dollar tokens, though it remains far behind the two dominant stablecoins. The key variables to watch going forward are whether issuance continues at its recent pace and whether the supply balance between Ethereum and the XRP Ledger shifts again. Those two data points will show whether RLUSD's growth is structural or whether it depends on a handful of large institutional mints. This article is not investment advice. Analysis is based on publicly available information and does not guarantee future outcomes.