In the cryptocurrency market, major assets such as Bitcoin, Ripple, and Dogecoin have shown a clear correction. Over the last 24 hours, RLUSD was issued by Ripple’s treasury with about 68 million additional tokens in circulation. Online chatter spread that RLUSD could be designated as Abu Dhabi’s fiat currency, drawing investor attention. In the U.S. market, data suggesting outflows related to the spot XRP ETF have been mentioned, but no official corroborating materials have been published.
News that WisdomTree withdrew from the spot XRP ETF’s review process has been reported, but the market did not treat it as a definitive negative. Bitcoin had a strong start to the year but has recently slipped below the $90,000 level. The largest outflow of funds this year has occurred in the U.S. spot Bitcoin ETF. As a result, the overall cryptocurrency market remains in a short-term consolidation, with Bitcoin around the $91,000 level as of 11:40 a.m. on the 8th, according to CoinMarketCap.
Meme coins such as Dogecoin, Shiba Inu, and PepeCoin have shown increased volatility over the past week. Ripple’s XRP price has also fallen more than 7% in a short period, entering a consolidation phase. Following the recent gains, the $2.20 resistance level has come into focus. Ripple is reportedly exploring expanding AI usage within the XRP Ledger (XRPL) by collaborating with Amazon Web Services (AWS), which could improve platform analytics and operational efficiency.
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