Ripple's RLUSD reserves have been disclosed for the first time, showing a total outstanding supply of 77,208,201 RLUSD with reserves valued at $83,214,671 as of December 31, 2024. The stablecoin maintains a 1:1 peg to the U.S. dollar with a 107.77% coverage ratio, primarily backed by: U.S. Treasury Bills: $30,095,603 Other Assets: $30,119,460 Cash Deposits: $22,978,696 Accrued Interest: $20,912 Ripple's stablecoin reserves are held in FDIC-insured bank accounts and government-backed money market funds, ensuring liquidity and transparency. Independent third-party audits will be published monthly to maintain trust and oversight. This disclosure reinforces Ripple’s claim that RLUSD is fully backed by dollar reserves, making it a secure and compliant stablecoin for institutional and retail users. Ripple CEO Brad Garlinghouse has confirmed that he held discussions with U.S. President Donald Trump about integrating XRP into the U.S. strategic digital asset reserve. Garlinghouse ...

  XRP has recently slipped below the crucial $3 mark, triggering concerns among investors and traders. This drop signals a potential shift in momentum, with analysts closely watching key support levels to assess whether the asset can rebound or face further declines. As of now, XRP is trading around $2.185, positioning itself at a critical juncture. Key Support and Resistance Levels to Watch The breakdown below $3 has transformed a significant support level into resistance. For XRP to regain its bullish stance, it must reclaim this level with substantial buying volume. Meanwhile, three major price points will likely determine its next move: $2.62 – 50-Day Moving Average This level has historically acted as support during previous corrections. A bounce here could indicate a potential reversal. However, failure to hold above this zone may result in deeper declines. $2.03 – 100-Day Moving Average This is a more substantial support level that could attract buyers looking for a stable e...

  XRP has started 2025 with an impressive rally, gaining 11.92% on January 1 , and continuing to surge in the days following. The cryptocurrency associated with Ripple is now trading above $2.37 , showing strong bullish momentum. Here’s what’s fueling the surge and what lies ahead for XRP. Key Factors Driving XRP’s Rally 1. Increased Network Activity and Transaction Volumes Recent data shows heightened activity within the XRP ecosystem: Payment Volume Surge : XRP’s transaction volume from wallet to wallet reached multi-week highs. Escrow Release : Ripple moved 500M XRP tokens (worth over $1 billion) from escrow into a new wallet, which included a note referencing the upcoming inauguration of Donald Trump on January 20, sparking excitement within the market. 2. Open Interest Spikes XRP’s futures open interest increased by 25% in the first two days of January, rising from $1.86 billion to $2.37 billion . This indicates new money entering the market, with long positions dominatin...