Ripple’s RLUSD soars as XRP falls

In a recent social media post, enterprise blockchain company Ripple celebrated the achievements of its RLUSD stablecoin.

This high-profile token made its grand debut in late 2024 before undergoing full operational deployment.

By November 2025, RLUSD’s market capitalization exceeded $1 billion. It is currently one of the largest stablecoins backed by the US dollar, trailing giants such as Tether (USDT), Circle’s USDC, and PayPal’s PYUSD.

Although the token is listed on a number of major exchanges, BNY Mellon has been chosen to house its reserves.

Ripple is also making moves to increase the utility of RLUSD by partnering with African-based exchanges and fintechs such as Yellow Card, VALR, and Chipper Cash.

Headquartered in San Francisco, the company is also focused on integrating RLUSD into traditional financial workflows. Notable collaborations include pilots with Mastercard and WebBank for fiat payments on the XRP Ledger.

It wasn’t such a great year for XRP

It hasn’t been a “great year” for XRP, considering the token is significantly lower than it was at the beginning of the year. So far this year, it’s down 11%.

The Ripple-owned cryptocurrency successfully completed a typical “bull trap” journey in the middle of the year. In July, a large green candle was recorded, reaching new highs.

However, the South Korean-led bull market was quickly sold off. The very next month, XRP recorded a big red candle that wiped out almost all of July’s gains.

The trend for the second half of 2025 is decidedly bearish. Since its peak in July, XRP has recorded a series of highs and lows.

The last three major candlesticks (October, November, and now December candlesticks) are all red.

The price of XRP is still significantly higher than it was in mid-2024. However, it is no exaggeration to say that that momentum has disappeared.