- Ripple’s RLUSD stablecoin has quietly reached a US$600 million market cap by August 2025, growing from just US$70 million in January after launching in late 2024.
- Despite impressive growth, RLUSD remains dwarfed by market leaders USDT (US$163.8 billion) and USDC (US$64.3 billion), targeting institutional rather than retail users.
- XRP has gained 5% momentum, trading above US$3 as the SEC lawsuit nears conclusion and multiple US spot XRP ETF approvals generate investor excitement.
- Analysts predict XRP could reach US$3.50-$4 in coming weeks, driven by renewed ETF speculation and increasing legal clarity boosting market confidence.
Ripple’s stablecoin, RLUSD, quietly surpassed the US$600 million (AU$929 million) market capitalisation mark in August. RLUSD only began trading in late 2024 and had a market cap of approximately US$70 million (AU$108 million) by January 2025.
As of 5 August, the coin’s market cap stood at US$602.5 million (AU$933.2 million). At present, RLUSD’s 24-hour trading volume is US$42.9 million (AU$66.4 million).
Although the growth is impressive, market leaders such as Tether’s USDT and Circle’s USDC have market caps of US$163.8 billion (AU$253.6 billion) and US$64.3 billion (AU$99.5 billion), respectively. USDT’s 24-hour volume is US$69.6 billion (AU$107.7 billion), while USDC’s stands at US$6.5 billion (AU$10.1 billion).
RLUSD uses the XRP Ledger (XRPL) and Ethereum network for transactions. Ripple views RLUSD primarily as a stablecoin for institutional users rather than retail, stating that it works with “institutional customers to streamline their underlying infrastructure, and work with regulators, governments, and central banks to ensure our solutions are secure and compliant”.
Related: Ripple’s RLUSD Stablecoin Grows 85%, Gets Integrated into Cross-Border Payments
XRP Could Go to US$4 Soon, Say Analysts
Meanwhile, XRP has picked up momentum and rallied 5% over the past day. The third-largest coin by market cap climbed back above the three-dollar mark, coming in at US$3.03 (AU$4.69) at the time of writing.
As the lawsuit with the US Securities and Exchange Commission (SEC) draws to an end, investors are again taking note of XRP. The pending approvals of several US-based spot XRP exchange-traded funds (ETFs) are also generating excitement.
Bitget Wallet CMO Jamie Elkaleh said that, “XRP is regaining market momentum as renewed ETF speculation intersects with increasing legal clarity”, adding that XRP’s shift is “boosting market depth and signaling a structural step forward for XRP’s legitimacy in U.S. markets”.
With XRP’s recent surge, analysts believe the coin could see significantly higher prices. Ryan Lee, Chief Analyst at Bitget Research, stated:
Renewed ETF speculation and legal clarity […] are significant catalysts driving XRP toward the $3 mark. With momentum, $3.50–$4 is plausible in the coming weeks.
Ryan Lee, Bitget ResearchA spot ETF would likely be a big deal for XRP, as Crypto ETFs have gained attention and attracted record numbers last month, as Bloomberg’s Senior ETF analyst Eric Balchunas stated:
Related: Institutions Quietly Pile Into XRP and Solana Ahead of Ripple SEC Verdict, Says Bitget
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