Ripple’s stablecoin RLUSD has seen explosive growth, with users supplying $76 million worth of RLUSD on Aave in just four days.
Aave, one of the top DeFi protocols, enabled RLUSD on its V3 Ethereum Core market starting April 21. While users can now earn interest by lending RLUSD, they can’t use it as collateral yet, and borrowing is capped at $10 million to reduce risk.
Despite these limits, RLUSD’s total market cap is now approaching $300 million, showing strong early adoption. Ripple also moved 27 million tokens between Ethereum and the XRP Ledger using a burn-and-mint process, which helps the stablecoin stay pegged to the U.S. dollar across both blockchains.
Even though RLUSD is Ripple’s stablecoin, around 70% of it is issued on Ethereum, not the XRP Ledger. Out of nearly 294 million tokens, only 94 million are on XRP Ledger—the rest are on Ethereum, home to leading DeFi platforms like Uniswap, Aave, and Curve.
Launching RLUSD on Ethereum gives Ripple access to instant liquidity, broader user adoption, and well-established platforms. Ripple has long supported a multichain future, and placing RLUSD where the users are—on Ethereum—is part of that strategy. This could also lead to future expansion to other chains like Cardano, Solana, or Avalanche.
Will XRP price Explode to $6.5?
Combined with bullish technical indicators, this momentum is fueling XRP price predictions as high as $6.5. The technical outlook shows a Descending Triangle pattern with a rising Relative Strength Index (RSI), signaling a shift toward bullish momentum.
XRP needs to break past key resistance levels at $2.49, $3.00, and $3.39 to continue climbing, with the $3 level being especially important. If XRP clears this, it could set the stage for a rally toward the $6.5 target, with May 10 being a key date to determine the direction.
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