XRP Surges 19 Percent as Ripple Mints More RLUSD

XRP is on the move again today. The token price climbed nearly 19 percent over the last twenty four hours. It even touched a high of 1.24 dollars during the rally, catching the attention of traders across the market.

While the price action grabs headlines, Ripple is also busy behind the scenes. The company just minted a new batch of its RLUSD stablecoin. This addition to the supply suggests that Ripple is preparing for further activity within its ecosystem.

Investors are now watching to see if XRP can hold these gains. The recent surge has pushed the asset into a higher trading range. Market participants will be looking for stability above the 1.20 dollar mark to confirm if this momentum has long term legs.