XRP News Today: Ripple's RLUSD Stablecoin Surges 600% in Five Months, GENIUS Act May Fuel Further Growth

Ripple’s RLUSD stablecoin is rapidly gaining traction, potentially reshaping the stablecoin landscape. The GENIUS Act, which aims to provide regulatory clarity for stablecoins, could further bolster Ripple's position. This legislative action may create significant benefits for RLUSD, potentially allowing it to take a large share of the global stablecoin market.

RLUSD’s rapid growth and GENIUS Act support may propel Ripple into dominance. RLUSD trades close to $1 with a market cap of $331 million. Over the past five months, its value has multiplied sixfold. This growth pace, if sustained or accelerated by regulatory clarity, could place RLUSD at the forefront of U.S.-backed stablecoins. The GENIUS Act favors domestic stablecoins and aims to modernize outdated payment rails. With bipartisan support and regulatory approval, RLUSD is well-positioned to benefit from an exodus of capital from offshore-issued assets like Tether (USDT).

If RLUSD captures even half of Tether’s dominance, that equates to a $75 billion market cap. Such an influx would deepen liquidity on Ripple’s network and increase transactional demand for XRP. This scenario could push XRP’s utility-driven price above $3 and possibly beyond $4, depending on broader market sentiment and retail participation. A surge in RLUSD adoption would not only solidify Ripple’s position in the digital payments space but also provide the momentum needed to push XRP to new all-time highs.

Technical indicators show bullish momentum, reinforcing XRP’s breakout potential. At press time, XRP is priced at $2.36, reflecting a slight daily decline. However, technical indicators suggest underlying strength. The MACD line is above the signal line, a positive momentum signal. Additionally, the histogram remains in bullish territory. The RSI sits at 53, signaling neutral conditions but showing room for an upside move before hitting overbought levels. Moreover, historical behavior supports optimism. In December 2024, XRP surged over 70% after RLUSD secured regulatory approval. If RLUSD gains traction as a mainstream payment option across the U.S., a similar or greater rally is conceivable.