Blog

The official Ripple USD ($RLUSD) Treasury account recently received 9.9 million $RLUSD tokens. This happened on the Ethereum blockchain after weeks of consistent $RLUSD burning on the network.

Ripple mints 9.9 million $RLUSD

Community account Ripple Stablecoin Tracker on X spotlighted the new 9,900,000 $RLUSD minted in a recent post.

Notably, minting occurs when there is demand for more $RLUSD from exchanges, institutions or even retail users. Upon request, the Ripple Treasury smart contract, which is the issuer, creates new $RLUSD tokens from scratch.

The new tokens are added to the total supply and can now be transferred, traded or used on Ethereum. Also, these tokens are fully backed 1:1 by USD cash and cash equivalents that Ripple holds in regulated custody accounts.

Crucially, the latest 9.9 million $RLUSD minting follows a series of token burns in the past few weeks. Burning is the opposite of minting, where Ripple permanently removes $RLUSD tokens from circulation.

In late March and early April, the crypto market observes a clear wave of large burns. Over $230 million $RLUSD were burned in roughly one week.

One of the biggest was Ripple burning 180 million $RLUSD in just a few hours. Multiple millions of other burns occurred across both XRPL and Ethereum.

Essentially, Ripple frequently mints and burns large batches to efficiently manage supply, rebalancing between the $XRP Ledger and Ethereum chains.

More $RLUSD expansion

While Ripple regulates $RLUSD supply and demand, the stablecoin is strengthening its position as a bridge between traditional assets and the crypto market.

As disclosed in a recent report, Bitrue exchange has launched a unique trading pair of $RLUSD against PAXG and XAUT. These tokens represent tokenized gold issued by Paxos and Tether — the issuer of USDT — respectively.

Prior to the integration, Deloitte published a new report stating that the Ripple stablecoin reserves were worth $1.56 billion. This figure exceeds the market supply of $1.49 billion tokens.

In another bold expansion move, Binance exchange announced support for the Ripple USD stablecoin on XRPL. Through this integration, Binace users are allowed to transact $RLUSD directly via the $XRP Ledger.

These developments signal increased exposure of $RLUSD to more users in the crypto space. This indicates the rapid expansion of the stablecoin, launched on Dec. 17, 2024. Ripple designed $RLUSD to facilitate cross-border payments and provide liquidity within Ripple’s ecosystem.

Markets are showing cautious strength as the Ripple price hovers around a key technical zone, with sentiment still dominated by extreme fear across crypto.

Daily Bias: Neutral With A Slight Bullish Lean

$XRP is sitting right on a decision point. The daily close at $1.38 matches the daily pivot and rides just above the 20-day EMA, while the broader crypto market is up strongly but still ruled by extreme fear (fear & greed index at 17). That mix – improving price action in a scared market – is usually where the best trades start, but also where fake breakouts are common.

On the daily chart the system tags $XRP’s regime as neutral, but the shorter timeframes are clearly bullish. That tells us we are not in a confirmed uptrend yet; we are in a rebound inside a larger, damaged structure. The dominant force right now is short-term momentum pushing into medium-term resistance. Whether buyers can turn this into a sustained trend or not depends on how $XRP behaves around the current $1.38–$1.45 band.

On the daily timeframe, XRPUSDT is trying to repair a longer downtrend but has not flipped it yet.

• Price vs EMAs (trend structure)
  Daily close: $1.38
  EMA 20: $1.36
  EMA 50: $1.42
  EMA 200: $1.84

Price is slightly above the 20-day EMA but still below the 50-day and deep below the 200-day. That is the definition of a market in repair mode: near-term strength, but the medium and long trends are still pointing to prior damage. To turn this into a clean bullish environment on the daily, $XRP needs to reclaim and hold above the 50-day EMA first, and eventually start closing the gap to the 200-day.

• RSI (momentum)
  RSI 14 (D1): 52.18

Daily RSI is just above the midpoint. Momentum has shifted from oversold or weak toward mildly positive, but we are not in a runaway trend. This lines up with the EMAs: the selling pressure has eased, buyers have the upper hand for now, but there is no confirmed, strong bull leg yet.

• MACD (trend confirmation)
  MACD line: -0.02
  Signal line: -0.02
  Histogram: 0.01

The MACD is still slightly negative but the histogram is marginally positive. In plain language, the prior downtrend is stalling and starting to turn. It is an early-stage recovery signal rather than a fully established uptrend. This supports the idea of a neutral-to-slightly-bullish daily bias.

• Bollinger Bands (volatility and positioning)
  Middle band: $1.36
  Upper band: $1.45
  Lower band: $1.28

Price at $1.38 is just above the mid-band and roughly halfway to the upper band at $1.45. $XRP is no longer hugging the lower side of volatility; it has moved into the upper half of the range, but has not yet challenged the band extremes. That usually marks a constructive recovery inside a contained range rather than a blow-off move.

• ATR (daily volatility)
  ATR 14 (D1): $0.05

A daily ATR of five cents on a $1.38 asset points to moderate, controlled volatility. Moves are meaningful but not wild. That is a favorable backdrop for both trend trades and mean-reversion setups, but it also means breakouts need conviction to stand out.

• Daily Pivot Levels
  Pivot point (PP): $1.38
  Resistance 1 (R1): $1.39
  Support 1 (S1): $1.37

Price closing right on the pivot at $1.38 underscores how balanced the daily tape is. The nearby intraday levels at $1.37–$1.39 mark a very tight battlefield; whichever side wins this band will likely dictate the next $0.05–$0.10 move.

Bottom line on D1: The main scenario on the daily chart is neutral with an upward tilt. Short-term recovery is in play, but the medium and long-term trends are not yet repaired. Bulls are probing, not in control.

1-Hour Chart: Short-Term Bulls In Control, But Getting Warm

The 1-hour chart is where the strength really shows up. The regime tag here is bullish, and the structure backs that up.

• Price vs EMAs (H1)
  Close: $1.38
  EMA 20: $1.36
  EMA 50: $1.34
  EMA 200: $1.33

On H1, price is stacked cleanly above the 20, 50 and 200 EMAs. The shorter EMAs are also above the longer ones. This is a classic bullish intraday trend. Short-term participants are clearly buying dips and defending higher lows.

Hourly RSI sitting just under 70 shows strong, almost overbought momentum. Buyers are pressing hard, but this is also where the probability of a pause or a small pullback starts to rise, especially into resistance zones on the daily bands.

• MACD (H1)
  MACD line: 0.02
  Signal line: 0.01
  Histogram: 0.00

The MACD is positive but the histogram has flattened out around zero. The intraday uptrend is intact, but the acceleration phase is cooling. In other words, bulls are still in charge on H1, but momentum is no longer expanding aggressively.

• Bollinger Bands (H1)
  Middle band: $1.35
  Upper band: $1.42
  Lower band: $1.29

With price at $1.38, $XRP is above the mid-band but not crowded at the upper band. That fits with the RSI story: a strong but maturing intraday move where there is still room to stretch higher, yet the easy part of the rally may already be behind us.

An hourly ATR of one cent is relatively low for an asset trading at $1.38. Intraday conditions are orderly, not chaotic. This often precedes either a grinding trend continuation or a sudden volatility expansion once a key level breaks.

• Hourly Pivot
  Pivot point (PP): $1.38
  R1: $1.38
  S1: $1.38

The automated pivot calculation collapsing PP, R1 and S1 onto $1.38 highlights just how compressed the immediate trading range is. The market is coiling in a very tight band, and when that resolves, the next directional impulse is likely to be sharp relative to the current small intraday bars.

15-Minute Chart: Execution Context, Not Direction

The 15-minute chart is mainly useful for timing, not for defining the broader view. Here, the regime is also flagged as bullish, aligned with the 1-hour trend.

• Price vs EMAs (M15)
  Close: $1.38
  EMA 20: $1.38
  EMA 50: $1.37
  EMA 200: $1.34

Price is riding the 20-EMA and above the 50 and 200. Short-term traders are still buying dips, and the micro-trend matches the hourly strength.

• RSI & MACD (M15)
  RSI 14: 58.6
  MACD line: 0.00, Signal: 0.00, Histogram: 0.00

On 15-minute, RSI is comfortably positive but far from stretched, while MACD is flat. The very short-term move is in balance: no immediate exhaustion, but no fresh surge either. That favors either a sideways consolidation at these levels or a gradual drift following the hourly direction.

• Bollinger Bands & ATR (M15)
  Middle band: $1.38
  Upper band: $1.39
  Lower band: $1.38
  ATR 14: $0.00

The bands are extremely tight on M15 and ATR rounds down to zero, reflecting a very compressed micro-range. This is classic pre-move behavior: short-term volatility is being suffocated, often before a breakout in one direction or the other.

How The Timeframes Fit Together

There is a clear hierarchy here:

• Daily (D1): Neutral bias, leaning bullish, with price above the 20-day EMA but below the 50- and 200-day. Recovery inside a damaged larger trend.
• 1-Hour (H1): Firmly bullish, price stacked above all key EMAs, RSI near overbought, MACD positive but flattening.
• 15-Minute (M15): Bullish alignment with compressed volatility and no clear exhaustion.

The tension is straightforward: lower timeframes are bullish and pushing up into the ceiling defined by the daily structure. When that happens, one of two things usually follows: either the higher timeframe gives way and a trend change begins, or the intraday rally exhausts and snaps back toward the daily mean.

Given the extreme fear in the broader crypto market and rising total market cap, there is a reasonable case for a wall of worry rally – strong moves higher despite nervous sentiment. But $XRP is still trading beneath its key daily moving averages, so the burden of proof is on the bulls to break and hold above resistance.

Ripple Price: Bullish Scenario For XRPUSDT

For the bullish case, you want to see the intraday strength on H1 and M15 force a structural shift on the daily chart. This is where the Ripple price has a chance to transition from recovery to a more durable advance.

What bulls want to see:

• Price holds above the daily pivot at $1.38 on closing basis and turns this level into a reliable floor rather than a coin-flip area.
• A clean push into and through the upper Bollinger Band on D1 around $1.45, ideally on expanding ATR and volume, signaling that the range is breaking rather than just stretching.
• Daily close above the 50-day EMA at $1.42 and then sustained trading above that level. That would be the first real sign of a medium-term trend repair.
• RSI on D1 pushing from 52 toward the 60–65 zone, while H1 RSI stays elevated without deep dives below 50. That would indicate follow-through buying, not just a short squeeze.
• MACD on D1 crossing decisively into positive territory with a growing positive histogram, confirming that the old downtrend has been replaced by a new up-leg.

If this plays out, the first upside zone is the $1.45 band (upper daily Bollinger, recent volatility cap). Above that, the roadmap opens toward the $1.55–$1.60 area, and in a more extended move, the 200-day EMA up near $1.84 becomes a logical longer-term magnet.

What would invalidate the bullish scenario?

• A decisive daily close back below the 20-day EMA at $1.36, showing that the current push was just a failed attempt.
• H1 structure flipping, with price breaking and holding below the 200-EMA around $1.33, turning the intraday trend from bullish to bearish.
• Daily RSI sliding back under 45 and MACD histogram turning clearly negative again, signaling a resumption of downside momentum rather than a pause.

Ripple Price: Bearish Scenario For XRPUSDT

The bearish case leans on the bigger picture: $XRP is still below its 50-day and far below its 200-day EMA. In this view, the current strength on the lower timeframes is just a rally inside a larger downtrend.

What bears want to see:

• A failure to sustain above the daily pivot at $1.38, followed by a clear move back toward and below $1.37 (S1).
• 15-minute and 1-hour charts rolling over: price loses the 20- and 50-EMAs on M15 and H1, then tests the H1 200-EMA at $1.33. That would mark the end of the short-term uptrend.
• Daily price slipping back toward the mid-to-lower Bollinger Band area ($1.36 down to $1.28), showing that the rally was rejected.
• H1 RSI dropping from near-overbought down through 50, and D1 RSI leaking back into the 40s. That shift would show momentum rotating back to the sellers.
• MACD on D1 rolling over before it can turn decisively positive, with the histogram moving back into a clearly negative zone.

If sellers regain control, the first downside focus is the $1.30–$1.33 region, where the hourly 200-EMA currently sits and prior liquidity likely clusters. Below that, the lower daily Bollinger Band around $1.28 is a natural target. A deeper extension could open the way back to previous swing lows, especially if broader market sentiment deteriorates further from already fearful levels.

What would invalidate the bearish scenario?

• A clean daily breakout above $1.45 with expanding ATR and sustained trade above the 50-day EMA at $1.42. That would signal more than just a rally into resistance.
• H1 trend staying intact even after pullbacks – that is, repeated defenses of the H1 50- and 200-EMAs and higher lows forming above $1.36–$1.37.
• Daily RSI holding above 50 during any dip and then pushing higher again, showing that bulls are buying every setback.

Positioning, Risk, And Uncertainty Around The Current Ripple Price

$XRP is currently in that awkward middle zone: strong enough on intraday charts to tempt late longs, but not yet strong enough on the daily to call it a new bull market. Extremes in the broader sentiment (extreme fear) combined with rising total crypto market cap often provide a fertile backdrop for sustained recoveries. However, they also create sharp, emotional reversals when key levels reject price.

For positioning, the key is timeframe:

• Short-term traders are operating in a bullish tape with tight ranges. They are dealing with a market that can break into a larger move once this volatility compression resolves. Precision around intraday supports and resistance near $1.37–$1.39 matters.
• Swing and position participants should treat the current move as a test of the daily structure, not a confirmed trend shift. Until $XRP can reclaim the 50-day EMA and sustain above it, the larger downtrend damage is only partially repaired.

Volatility on all tracked timeframes is contained but coiling, and uncertainty remains high given macro sentiment. The market is effectively asking the question: does this short-term strength in Ripple’s price have the depth to break the daily ceiling, or is it just another rally into resistance? The answer will show up first in how $XRP behaves around $1.36–$1.45 over the coming sessions.