- Ripple RLUSD stablecoin tops $500M, entering the top stablecoins.
- Ripple taps BNY Mellon for custody, boosting TradFi trust.
- Ripple applies for a U.S. bank license for RLUSD reserves.
- XRP jumps 7%, breaking $2.60 on growing investor interest.
- XRP eyes $2.70 resistance, with strong short-term momentum.
Ripple recently marked a significant milestone as its U.S. dollar‑pegged stablecoin, RLUSD, surpassed $500 million in market capitalization Wikipedia+15Cointelegraph+15Cryptonews+15. This growth underscores its rapid adoption since its late‑2024 debut, with a 62% surge in market cap since early June Cointelegraph.
The breakout is reinforced by Ripple’s strategic move to partner with BNY Mellon, which has been designated as RLUSD’s primary reserve custodian Cointelegraph+4BNY+4CoinCodex+4. This collaboration provides institutional-grade transparency and stability, addressing a key concern for enterprise-level stablecoin use—namely secure and regulated custody of reserves Cointelegraph+2BNY+2CoinCodex+2.
Ripple is further positioning RLUSD within global financial infrastructure by seeking a U.S. bank license. Consumer platforms are also getting onboard: RLUSD was just added to Transak, enabling retail users to seamlessly convert crypto into RLUSD, building up its everyday utility Cointelegraph+1AInvest+1.
Taken together, the $500 million milestone and BNY Mellon’s backing articulate Ripple’s intent to embed RLUSD firmly within traditional finance—potentially making it a solid contender among enterprise-centric stablecoins like USDC CoinCodex.
Ripple Price Update & Analysis
📈 Current Performance
- Live price: $2.63 USD per XRP, up about 7% in the past 24 hours CoinCodex+14CoinMarketCap+14Coinbase+14.
- Market cap: Approximately $155 billion, reflecting renewed investor confidence .
Also Read: Can XRP Repeat Its July Bullish Performance in 2025?
XRP has surged from consolidation levels near $2.30 to a short-term high around $2.65, driven by strong volume and institutional interest linked to RLUSD’s momentum BNY.
🔍 Technical Landscape
- CryptoPotato reports XRP broke above $2.60 resistance, now eyeing a move toward $3.00—driven by bullish momentum CryptoPotato+1CryptoPotato+1.
- CryptoNews highlights an 8% breakout to $2.58 on July 10, supported by high trading volume (~219 million XRP) and whale accumulation nearing 47 billion XRP Cryptonews.
- Analysts suggest initial upside around $2.65–$2.70, with potential extension to $4–6 if momentum sustains and regulation is favorable Cryptonews.
⚠️ Caution Signals
- On‑chain data from BeInCrypto shows a rising Dormancy Flow, indicating long-term holders are starting to move coins—often a precursor to profit‑taking CoinCodex+13BeInCrypto+13Coinbase+13.
- The RSI is currently above 70, signaling overbought conditions and raising risk of a short-term pullback BeInCrypto.
TL;DR: Where RLUSD and XRP Intersect
| Aspect | RLUSD | XRP |
|---|---|---|
| Milestone | $500M market cap, top-20 stablecoin | $2.63 current price, 7% 24-hour gain |
| Infrastructure | BNY Mellon custody, Transak integration | Whale accumulation, ETF optimism |
| Outlook | Institutional growth, ready for TradFi | Technical upside tempered by overbought metrics |
XRP’s rally appears directly tied to broader enthusiasm around Ripple’s deepening institutional infrastructure, especially with the RLUSD achievement CryptoPotato+11Cryptonews+11Yahoo Finance+11CoinMarketCap+1CoinGecko+1BNY+4Yahoo Finance+4CoinCodex+4. However, technical warnings—like overbought RSI and profit‑taking by long-term holders—suggest volatility ahead .
A Dual-Track Strategy
Ripple is effectively balancing its playbook:
- RLUSD: Solidifying its position as an enterprise-ready stablecoin through regulated custody, market growth, and infrastructure improvements.
- XRP: Leveraging the tech-driven momentum from RLUSD’s success, XRP is seeing renewed speculative interest, though with cautionary market signs.
Overall, Ripple’s intertwined strategy may reinforce both arms: institutional maturation via RLUSD and speculative upside through XRP. Traders and investors should watch $2.65–$2.70 as the next inflection zone, with a cautious eye on on‑chain and technical indicators.