XRP Ledger (XRPL) has kicked off 2025 positively, as figures from its latest Total Volume Locked (TVL) reveal.
Notably, XRPL has recorded a significant 14% boost in its TVL. According to data from DeFiLlama, the TVL now stands at $65.52 million. It jumped from around $55 million on January 1.
Investor Confidence Bolstered by Key XRP Ledger Developments
This development is significant given the implied signal it sends to potential investors. Primarily, when an asset’s TVL increases, it confirms the project is gaining traction.
Additionally, it highlights the level of confidence of existing investors. This is because the Total Volume Locked refers to the cumulative value of an asset staked or locked in the protocol.
Hence, the $65 million in XRPL’s TVL suggests that the number of investors keen on investing in XRP has soared significantly.
This can only happen when investors anticipate the underlying asset will make bullish moves in the market.
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XRP has matched this anticipation. As of this writing, XRP price was exchanging hands at $2.43, marking a 2.05% increase in the last 24 hours.
This surge occurred despite it experiencing a decline in trading volume by 47.32% to $5.8 billion.
Meanwhile, many XRP investors are betting on the altcoin to soar to new levels. In a recent poll on CoinMarketCap, 87% of the sample respondents from 453,000 users remain bullish on XRP.
Analysts maintain that with such high community support, XRP might attain new heights in the ongoing rebound move.
Is RLUSD Behind the Current Bullish Outlook?
The XRP Ledger boosted investors’ confidence with some notable moves in 2024.
XRPL performed many upgrades, including one to resolve network issues such as the full history of node failure. With the upgrade done, users could view their full transaction history.
Additionally, the launch of RLUSD stablecoin is driving optimism.
RLUSD has already debuted on major platforms like Uphold, MoonPay, CoinMENA, and many others lined up to onboard.
RLUSD aims to provide affordable, efficient global payment services to users and solidify its reputation in the crypto industry.
As reported by The Coin Republic, RLUSD has seen its trading volume surge by 180%, with analysts speculating that it could boost XRP’s price.
XRP Market Position and Price Projections
Interestingly, XRP’s current price rally has pushed it to secure the third position in the crypto market.
XRP’s market cap at $139.74 billion flipped Tether (USDT) by over $2.5 billion to clinch the third spot.
Analysts have attributed the development to possible Fear, Uncertainty, and Doubt (FUD) facing USDT in Europe.
With the Market in Crypto Assets (MiCA) regulation deadline for compliance over, many remain concerned about the fate of Tether in Europe.
Hence, if this wave of FUD blows off, USDT might reclaim its third spot from XRP. The price movement excited investors in early December 2024 as it attempted to breach the $3 mark in its rally.
However, the price level proved too high for the coin, which suffered negative volatility. As such, the XRP price plunged to a low of $1.9843.
In a rebound move, XRP has breached the $2.10 resistance level in the last seven days as it commences another climb.
Some have projected a 50% breakout to $3.70 if support holds between $1.98 and $2.00.
Market watchers expect XRP, driven by community support and RLUSD utility, to discover new price levels during this ongoing rally.
