XRP Volume Surge: Ripple’s RLUSD Stablecoin & ETF Launches Spark Optimism in 2024
Focus Keyword: XRP volume
Ripple is making a bold move to strengthen XRP’s position in global finance. Recent developments, including the launch of the RLUSD stablecoin and the introduction of the first U.S.-based XRP ETFs, are fueling optimism for a significant increase in XRP volume across the Ripple network.
XRP Volume Rebounds with RLUSD and ETF Integration
Alexis Sirkia, leader of the Yellow Network, shared insights about Ripple’s evolving ecosystem. He emphasized that RLUSD, Ripple’s new USD-backed stablecoin, acts not as a rival but as a powerful liquidity enhancer for XRP. According to Sirkia, “The goal isn’t competition, but synergy. RLUSD is designed to amplify XRP volume by creating a seamless bridge for institutional and retail adoption.”
RLUSD’s integration into U.S. financial infrastructure positions it as a settlement layer for institutions, likely boosting demand for XRP as a bridge asset. This synergy encourages a positive feedback loop, where increased RLUSD transactions directly promote higher XRP volume on the network.
Deployment in African markets via platforms like Chipper Cash and Yellow Card demonstrates the stablecoin’s reach. RLUSD is already being used for real-time swaps with tokenized money market funds, further cementing its utility within the broader financial landscape.
The debut of U.S.-based XRP ETFs, such as the REX-Osprey XRP ETF (XRPR) and ProShares Ultra XRP ETF, marks a milestone for institutional accessibility. Sirkia notes that these ETFs go beyond investment products—they signal increased regulatory acceptance and a more defined path for XRP’s use in cross-border payments and compliance-focused roles.
Market Downturn and the Path to Recovery for XRP Volume
Despite these advancements, September saw a sharp dip in XRP volume. On-chain activity dropped, with daily payments on the Ripple network falling by over 75%. The number of active addresses plummeted from 581,000 in June to just 31,000 at the end of September. Whale sell-offs and a dip below the $3.00 price point further exacerbated the decline.
Sirkia, however, views this downturn as part of a broader correction in the altcoin market rather than a specific weakness in XRPL. He believes that the expansion of institutional adoption through ETFs and the growing integration of RLUSD will soon drive a recovery in XRP volume, positioning XRP as a vital bridge between traditional finance and decentralized finance (DeFi).
He points out that the lasting success of digital assets lies in their ability to deliver uninterrupted, scalable liquidity across diverse financial ecosystems. The innovations spearheaded by Ripple and supported by next-generation protocols like Yellow Network, backed by Ripple co-founder Chris Larsen, are expected to empower a new wave of high-performance DeFi applications and reinforce XRP’s liquidity engine.
For a deeper dive into the latest trends in stablecoins and ETFs, visit CoinDesk.
How RLUSD and ETFs Are Driving XRP Volume Growth
As Ripple continues to innovate with RLUSD and embraces increased institutional engagement through ETFs, the outlook for XRP volume appears increasingly positive. With strategic partnerships and expanding infrastructure, Ripple is well-positioned to reclaim momentum and play a pivotal role in the evolving landscape of digital finance.
