XRP News : Is RLUSD a Threat to XRP? Here’s What Experts Are Saying 📉

XRP's price experienced a notable decline, dropping from $2.59 to $2.31 within a 24-hour timeframe. This downturn resulted in a significant decrease in its market capitalization, with a loss of 12%, bringing it down to $131.42 billion. This decrease in value caused XRP to lose its position as the third-largest cryptocurrency, now ranking behind Tether (USDT).

Moreover, the futures trading volume associated with XRP also saw a substantial reduction, plummeting from $32 billion to $16 billion. This drop indicates a marked decline in market activity, reflecting diminishing investor engagement and interest.

The emergence of RLUSD, suggested as a potential competitor, is being discussed as a factor contributing to this downward trend, as experts weigh in on its implications for XRP.