Ripple USD RLUSD

What RLUSD actually is on-chain

Ripple USD is not a token issued on someone else's network — it settles on the XRP Ledger, which means there is no contract address to verify and no issuer who can freeze or reissue it. Supply and transfer rules are enforced by the chain's own consensus, so the risks worth tracking are protocol risks (client bugs, hash-rate or validator concentration) rather than token-contract risks.

For RLUSD the project publishes a whitepaper and an active account as @Ripple. That is a partial paper trail — enough to check claims against, not enough to audit. None of it is a quality judgement about the asset; it is simply what can be independently checked before the chart is worth looking at.

Where RLUSD sits in the market

At #55, Ripple USD sits in the bottom of the large-cap band, adjacent to the mid-cap cut-off. Down here the large-cap label is doing less work than it appears to. RLUSD is one revision away from the mid-cap band, and the practical consequences of crossing that line — index eligibility, market-maker commitments, how much size the book absorbs — change well before the ranking does.

CryptoPingAi is currently streaming 3 live RLUSD order books (Binance, OKX, Gate.io). That is thinner coverage than a #55 ranking would normally imply — a move on one of these books is close to the whole market for RLUSD, with no deep second venue to arbitrage it back. None of the books we see for RLUSD are regulated US or Korean venues, so this is an offshore-quoted asset — availability, and the price itself, depend on which jurisdiction you trade from.

RLUSD against its all-time high

RLUSD is 6.7% below the $1.07 record set on 2024-12-26. That is a shallow drawdown: the high itself is the nearest meaningful reference overhead, and the supply that changed hands near it is small enough that a retest is a mechanical question of flow rather than a structural one. Reclaiming the high needs only 1.07x from here. That high was set roughly 2 years ago, recently enough that it still anchors how most current holders frame the asset.

RLUSD across its historical range

The recorded range is comparatively narrow: 1.12x between $0.9623 and $1.07. Either the price history is short, or the asset is designed not to move.

At 4.1% above its record low of $0.9623 (on 2024-12-18), RLUSD sits near the edge of its own price history. Nothing has traded beneath that level, so there is no support to reference, no volume shelf and no cost-basis cluster underneath. The low is old enough to have held as a floor across several market regimes — a materially different setup from one printed recently.

RLUSD supply structure

There is no fixed maximum supply for RLUSD. Total supply stands at 1.55 billion RLUSD and essentially all of it — 100.0% — is circulating. With no locked treasury to unlock, dilution comes from protocol issuance over time rather than from a cliff on a vesting calendar, which tends to produce slow supply drift instead of discrete unlock shocks. With a supply in the billions, the quoted price is low enough that a single cent of movement is a large percentage swing; size your thresholds in percent, not in cents.

What kind of asset RLUSD is

Ripple USD is pegged to the US dollar, so the only price question that matters is whether the peg holds; trend and momentum readings on a dollar peg describe noise, not direction. It is backed by off-chain reserves, which moves the risk from smart-contract code to custody and disclosure: who holds the reserves, what they are held in, and how often that is attested. Those are the questions that decide whether the peg survives a redemption wave. At a fully diluted value above a billion dollars it is large enough that its peg is defended by deep secondary liquidity, not only by the issuer's redemption promise.

CoinGecko files RLUSD under 6 categories, including Stablecoins, USD Stablecoin, Ethereum Ecosystem, XRP Ledger Ecosystem, Fiat-backed Stablecoin. CoinGecko also records deployments on Ethereum (3,072 tracked tokens), so its on-chain liquidity and its user base move with that network. Worth flagging from the metadata: RLUSD is tagged as US-originated.

How to set a Ripple USD alert that is worth receiving

Ripple USD settles on its own the XRP Ledger base layer — quoted on 3 venues we stream — high dated 2024-12-26 — rank #55. On this profile the condition that carries signal is a peg-deviation band of roughly ±0.5% of par, with RSI ignored entirely.

Full alert-design method: thresholds, RSI/MACD and volume conditions →