Ripple USD (RLUSD) and XRP Price Dynamics: Market Analysis
The XRP Ledger has recently surpassed Stellar in stablecoin supply, with RLUSD gaining traction as the primary stablecoin on the network. According to DeFiLlama data, the XRP Ledger’s total stablecoin supply reached $1.092 billion, ranking it 12th among blockchain networks, while Stellar’s supply fell to $968.67 million, placing it 13th. The increase for XRP was 14.29 %, whereas Stellar experienced a 5.87 % decline.
In the past week, XRP Ledger stablecoin volume grew by approximately 13 %, contrasting with Stellar’s 6.5 % decline. This surge in stablecoin activity coincided with a significant rise in XRP price, which exploded by 20 % during the recent market rally. At the time of reporting, XRP traded near $1.38, representing a 19.1 % gain over the previous 24 hours, and the broader crypto market continued its uptrend, with Bitcoin breaking $78 000.
XRP Ledger Upgrade and Permission Delegation
Ripple has voted in favor of the Permission Delegation amendment as part of the upcoming XRPL 3.3.0 upgrade. The amendment allows the delegation of specific transaction type permissions to other accounts, enhancing stability and performance. Seventy‑five percent of the 35 UNL validators have expressed support for the proposal, indicating progressive consensus toward the upgrade.
The upgrade is anticipated to improve the ledger’s readiness for institutional and tokenization use cases. Ripple’s vote signals its commitment to advancing the network’s capabilities and supporting the broader ecosystem.
Institutional Demand and ETF Inflows
Institutional interest in XRP has intensified, reflected in notable ETF inflows. XRP Spot ETFs recorded $13.24 million in net inflows, elevating total net assets to $1.5 billion. Bitwise and Franklin were the primary funds with positive net inflows, the first such activity since late June. Trading volume on XRP rose 125 %, reaching over $8 billion, which underscores heightened market participation and liquidity.
Ripple USD Market Position
Ripple USD (RLUSD) maintained a close peg to the U.S. dollar, closing at $1.00018 on 2026‑08‑22. Its market capitalization stands at $2.08 billion. Within the last 52 weeks, RLUSD’s high was $1.00639 (2025‑10‑09) and its low was $0.994589 (2025‑11‑06).
Outlook
The convergence of increased stablecoin supply on the XRP Ledger, progressive upgrades, and institutional demand supports a positive trajectory for both XRP and RLUSD. Market participants should monitor the completion of the XRPL 3.3.0 upgrade and the continued performance of ETF inflows, as these factors will likely influence short‑term price dynamics.
