XRP Price Holds Steady at $1 Amid Growing Stablecoin Supply

XRP's price has held steady at $1 as Exchange-Traded Products (ETPs) drew in $253.6 million in Q2 inflows, according to a recent report.

The report notes that XRP native stablecoin supply rose 195.4% quarterly to $825.5 million, led by rapid RLUSD expansion, which accounted for approximately 82% of the network's $825.5 million stablecoin total.

Despite this growth, XRP price remains fragile around the $1 support level, with its market capitalization standing near $62.9 billion and placing it sixth among cryptocurrencies.