Ripple Injects Fresh Capital as Whales Defend XRP Support

Ripple recently conducted a scheduled issuance of $10 million in RLUSD stablecoins on the XRP Ledger, increasing its treasury inventory on the network.

This move coincided with a significant increase in large-investor activity on the spot market, as whales accumulated over 380 million XRP over the past week.

The actions of these major players are centered around the psychologically important $1 level for XRP, which they are defending as a key support level.