Ripple Labs Mint 15M RLUSD Amid Whale-Driven XRP Price Action

Ripple Labs recently minted 15 million RLUSD at the RLUSD Treasury, drawing attention to XRP news. The move comes as a reported whale opened a $48 million XRP long position using 10x leverage.

The new RLUSD mint does not indicate that funds were being moved into XRP, but it adds to broader activity around Ripple and its stablecoin. Traders are closely watching the XRP price, which has gained 2.97% over the previous 24 hours.

According to market data, $3 billion in XRP traded over 24 hours, with a circulating supply of 62.74 billion tokens against a total supply of 99.98 billion and a maximum supply of 100 billion.