XRP Holds Above 200-Day Average as RLUSD Grows

Artemis data shows RLUSD supply jumped 51% in the past 30 days to a record $2.4 billion, making it one of the fastest-growing stablecoins in circulation. While Tether and USD Coin still dominate the sector, RLUSD’s pace suggests Ripple is taking share in a market where scale is crucial and network effects can compound quickly.

XRP itself trades around $1.42 after rebounding from this year’s lows, with bulls pointing to sustained buying from American investors. Spot ETF products tied to XRP have taken in money in most months, including $159 million in August and another $13 million so far in September, while futures open interest has climbed and balances on exchanges such as Binance and Coinbase have fallen, a sign of accumulation.

The technical backdrop is also improving. XRP remains above its 200-day exponential moving average and has held support near $1.31, while traders are watching the August high around $1.70 as the next upside marker. A bullish flag pattern on the chart keeps short-term momentum traders engaged, even as recent price action shows the move is not yet a straight line higher.

The broader market tone is helping too, with some crypto investors rotating into digital assets as U.S. debt concerns linger above $40 trillion and equity volatility persists. The next test for XRP is whether RLUSD growth and ETF inflows can keep driving demand without losing steam if risk appetite cools or the token fails to clear resistance near the recent highs.