RLUSD Surpasses XRP in Value, Raises Questions About Its Impact

Ripple's dollar-pegged stablecoin RLUSD has seen significant growth in 2026, increasing by 86% to reach a market value of $2.49 billion across all blockchains it operates on.

This surge is in stark contrast to XRP, which has declined by 18% and currently trades 59% below its all-time high of $3.65 reached on July 17, 2025.

The reason behind this split lies in the fact that RLUSD requires users to deposit dollars, highlighting adoption rather than price, while XRP's value dynamics are not relevant to RLUSD users.

Ripple's own network has seen a significant portion of RLUSD's growth, with stablecoins on the XRP Ledger amounting to around $1.2 billion, and RLUSD claiming an impressive 92% share.