RLUSD Sees Significant Liquidity Surge

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 41 minutes ago

RLUSD-0.04%

XRP+1.347%

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Significant Liquidity Growth: Over the past week, RLUSD's liquidity surged by more than $275 million, primarily driven by fresh minting transactions significantly exceeding redemptions, indicating strong market demand for the stablecoin.
Active Minting Activity: During the reporting period, RLUSD minted approximately $354.4 million worth of tokens on the XRP Ledger, while total redemptions were only about $78.7 million, showcasing a rising trend in the stablecoin's usage.
Enhanced Exchange Support: Binance processed RLUSD transactions during this period and expanded its market applications through the introduction of spot trading and Earn products, thereby increasing liquidity and accessibility for users.
Market Capitalization Continues to Climb: RLUSD's market capitalization has surpassed $1.7 billion, reflecting its ongoing growth potential in payment and decentralized finance applications, with expectations of further ecosystem developments driving demand.

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Technical Analysis for RLUSD

Technical Sentiment Analysis for Ripple USD (RLUSD). As of , Ripple USD (RLUSD) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for RLUSD stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, RLUSD is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Ripple USD (RLUSD) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.999	0.999	1	1.001	1.002	1.002	1.003
Fibonacci	0.999	1	1	1.001	1.001	1.002	1.002

About RLUSD

Ripple USD (“RLUSD”), issued by Standard Custody & Trust Company, LLC, a wholly owned subsidiary of Ripple Labs, is a USD denominated stablecoin created with trust, liquidity, and compliance at its core. Each RLUSD is backed by at least an equivalent amount of U.S. dollars and other cash equivalents. RLUSD is purpose-built for cross-border payments and delivers reliable access to digital dollars.As an industry leader for over a decade, Ripple has a proven track record of delivering breakthrough blockchain solutions at scale. Strong ecosystem relationships built over a decade facilitates RLUSD’s broad accessibility for use by financial institutions, enterprises and developers. Ripple’s commitment to regulatory compliance, combined with its global license portfolio, enables RLUSD users to transact with confidence.RLUSD delivers the reliability of USD combined with the efficiencies of blockchain technology in a trusted, liquid, and compliant manner.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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