Ripple Mints 39.4 Million RLUSD in Just 24 Hours as Stablecoin Activity Accelerates

U.TodayMay 192 min readSingle source

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This added up to a total of $39.4 million RLUSD minted over the last 24 hours.The Ripple Stablecoin tracker on X reported two transactions which totaled $31 million RLUSD minted.
$16 million RLUSD and $15 million RLUSD minted in two separate transactions on the XRP Ledger, Ripple stablecoin tracker reported hours ago.
HOT Stories Meanwhile, $0 in RLUSD was burned in the last 24 hours.
You Might Also Like The XRPL version 3.1.3 was released on May 8 and included one default-yes fix amendment.In a new tweet, Akinyele revealed that 44% of the XRPL network has upgraded to v3.1.3.

$33.4 million$6 million$39.4 million$31 million$16 million$15 million

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Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Ripple USD stablecoin has seen an increase in activity over the last 24 hours with 39.4 million RLUSD tokens minted in this span.According to the Ripple USD tracker website, $33.4 million RLUSD tokens were minted on May 18 while $6 million RLUSD has been minted so far on May 19. This added up to a total of $39.4 million RLUSD minted over the last 24 hours.The Ripple Stablecoin tracker on X reported two transactions which totaled $31 million RLUSD minted. $16 million RLUSD and $15 million RLUSD minted in two separate transactions on the XRP Ledger, Ripple stablecoin tracker reported hours ago. HOT Stories Meanwhile, $0 in RLUSD was burned in the last 24 hours. The latest mint events boost RLUSD supply on XRP Ledger which is currently at $442,192,034. The total circulating supply of RLUSD according to the Ripple USD tracker website is currently $1,611,422,372. You Might Also Like May 15 saw a series of burn transactions with 22,075,051 RLUSD and 10,000,000 RLUSD burned at RLUSD Treasury on the Ethereum transaction.Important notice passed to XRP Ledger validatorsRipple head of engineering J.A Akinyele sends out an important notice to XRP Ledger validators. This comes ahead of the fix amendment in XRPL version 3.1.3 which is set to activate in about eight days. You Might Also Like The XRPL version 3.1.3 was released on May 8 and included one default-yes fix amendment.In a new tweet, Akinyele revealed that 44% of the XRPL network has upgraded to v3.1.3. This is less than half of the network with node operators urged to upgrade as soon as possible.This urgency to update follows as the fix amendment in the XRP Ledger software version 3.1.3 will be activated in about 8 days. Nodes that haven't been updated to the latest software version will be unable to communicate with the network, referred to as amendment blocking.

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Bitcoin stabilizes near $63,000, but reclaiming $64,000 is the real test Bitcoin is stabilizing near $63,100 after buyers defended the lower part of its recent range. That is constructive, but it is not yet a confirmed recovery. BTC must first overcome resistance near $63,175-$63,270, while reclaiming and holding $64,000-$64,095 remains the more important test. Key takeaways for Bitcoin traders and investors Current position: BTC is holding above the previous month’s lower value boundary near $62,380. Immediate resistance: Buyers need to clear $63,130-$63,175, followed by $63,247-$63,270. Main recovery test: A sustained reclaim of $64,000-$64,095 would carry much more weight than a temporary bounce near $63,000. Major support: The broader $62,380-$62,535 region remains the most important defended zone. Bullish confirmation: Repeated closes, consolidation or a successful retest above $64,095 would show that Bitcoin is beginning to establish higher accepted value. 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Price subsequently recovered toward $63,100, strengthening the case that buyers are willing to defend the lower part of the previous month’s trading range. What stands out to me, however, is how little upward progress followed that buying. Several periods showed positive buying pressure, but BTC remained concentrated around $63,050 and repeatedly struggled to extend beyond $63,150-$63,175. In simple terms, buyers have shown that they can slow the decline, but they have not yet shown that they can move Bitcoin into a clearly higher trading range. This is the difference between stabilization and recovery: Stabilization means sellers are no longer pushing price lower with the same ease. Recovery means buyers are lifting price, holding above resistance and shifting the market’s most active trading area higher. Bitcoin has shown the first condition. The second still needs confirmation. Why $62,380 and $64,095 matter The previous month’s value area provides a useful map of where most Bitcoin trading took place: Value Area Low near $62,380: The lower boundary of the previous month’s heavily traded range. Point of Control near $64,095: The price that attracted the most trading activity during the month. Value Area High near $65,050: The upper boundary of the previous month’s accepted range. BTC is currently about $720 above the monthly Value Area Low, but almost $1,000 below the monthly Point of Control. Holding above $62,380 tells us that demand inside the previous month’s range has not completely failed. Remaining below $64,095 tells us that buyers have not regained control of the broader value structure. This is also why $64,095 may be more important than $64,000 itself. The round number attracts attention, but $64,095 represents the previous month’s busiest price area. A brief move above $64,000 could still become another failed breakout. 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That would place BTC outside the previous month’s accepted value area and suggest that the market may need to search for demand at lower prices. Traders should still distinguish between a brief move below $62,380 and genuine acceptance beneath it. Crypto markets can produce fast stop-runs through visible support before reversing. Repeated closes or continued trading below the level would carry more bearish significance than a momentary sweep. What Bitcoin traders may consider watching Different traders may use these levels in different ways, at their own discretion: Short-term breakout confirmation: Watch whether BTC can break above $63,175 and successfully retest it, with $63,247-$63,270 providing the next validation area. Support-zone reaction: If BTC returns to $62,380-$62,535, watch whether buyers defend it again or whether selling begins to hold below the zone. Broader recovery confirmation: Treat $64,000-$64,095 as the decisive recovery test instead of assuming that every bounce from $63,000 marks a durable bottom. Because Bitcoin trades continuously, weekend conditions can sometimes involve thinner liquidity and less reliable breakouts. Confirmation through time, repeated closes or a successful retest may therefore be more useful than reacting to the first price spike. What should Bitcoin traders watch next? Bitcoin has defended the lower part of the previous month’s value area, but the rebound still needs to prove itself. The immediate challenge is to move beyond $63,175 and $63,270. The much larger test remains $64,000-$64,095. A successful reclaim would indicate that Bitcoin is returning toward the center of the previous month’s accepted value rather than merely bouncing from support. Until that happens, Bitcoin may be stabilizing, but it is not yet showing a fully confirmed bullish recovery. 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