XRP Ledger, the blockchain issued by Ripple Labs, just garnered the best record in 8 months in terms of new crypto wallet registration. According to the blockchain registry, a colossal 21,595 fresh crypto wallets were created on XRP’s chain in a span of 48 hours.
How Ripple Overshadowed Bear Market
Notably, the associated token XRP has enjoyed a 12% bounce back rally, briefly restoring $2.35 before plunging back to the $2.20 support. An increased crypto wallet activity of this magnitude is a typical symbol of a local bottom, as XRP traded above $3 for most of the quarter.
The price upswing happened once it was made known to the public that Ripple just signed a deal with MasterCard to onboard Ripple USD (RLUSD) stablecoin on the most popular payment card provider’s rails.
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This signifies a stupendous breakthrough for RLUSD, now encompassing a $1.06B market cap. The stablecoin is entering the TOP 100 in crypto’s ranks by global market capitalization, poised to grow since the United States government had accepted the Genius & Clarity acts, two keystone stablecoin bills.
XRP Banks Big On RLUSD’s Social Hype
From a social perspective, Ripple’s stablecoin made it to the TOP 5 most talked-about digital assets in the space. According to Santiment, RLUSD garnered social media attention on X, Reddit & Telegram due to the fresh high-profile partnerships, including the MasterCard deal.
The integration allows collecting fees in XRP coin, so the underlying asset’s on-demand liquidity is well positioned to get a boost. However, Ripple’s native crypto currency now trails multiple competitors in the exchange-traded (ETF) field, delivering a blow to the OG altcoin’s dominance.
Solana (SOL), Hedera (HBAR) & Litecoin (LTC) all got their ETFs approved for trading on the NYSE or NASDAQ due to a loophole in the SEC’s regulations, as all pending ETFs missed the original dates. Despite the setbacks, Bloomberg’s ETF specialists give 95% odds of a Ripple ETF approval by year-end.
On The Flipside
- Although issued by Ripple, the RLUSD stablecoin has a bi-folded usability on XRP & Ethereum, with most of the liquidity being on ETH.
- That limits the ecosystem’s usability perspective mostly to Ethereum layers than the broader decentralized finance (DeFi) ecosystem.
Why This Matters
Stablecoins are building one of the strongest narratives in 2025, providing a hedge against the Dollar for institutional players.
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People Also Ask:
RLUSD stablecoin hype and new wallet growth to an 8-month high drove the surge, with XRP hitting $2.47 today.
RLUSD’s $1B market cap and new exchange partnerships (e.g., Bitnomial) boosted XRP utility, sparking the rally.
New wallets hit an 8-month high with 21,595 created in 48 hours, per Santiment, reflecting RLUSD-driven interest.
Mastercard’s partnership with Ripple, as well as Bitnomial’s move to accept RLUSD and XRP as margin collateral.
Yeah—a market pullback or SEC delays on Ripple Spot market price-tracking ETFs could cap gains; volatility’s high.
