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Crypto

XRP Surges with Dollar Weakness, RLUSD Stablecoin Tops $2 Billion

Guavy AI Editorial Team
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XRP has seen a price increase of 2.52% to $1.44, mirroring Bitcoin's +2.32% rally.

This is largely due to investors hedging against U.S. fiscal risks and the weakness of the dollar, driving a 'debasement trade' into scarce assets like gold and bitcoin.

The broader crypto market has risen 2.35%, with XRP's price action closely tied to overall sentiment rather than its own news.

Ripple's RLUSD stablecoin has surpassed $2 billion in market cap, while Mastercard sponsored the XRP Ledger Hackathon in October is seen as a positive development for the ecosystem.

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