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MarketAnalysisRippleAltcoinXRP <a href="https://xpertsstudio.com/uk-reveals-240-crypto-millionaires-in-first-official-tax-report/” title=”UK Reveals 240 Crypto Millionaires in First Official Tax Report”>CryptoRLUSD
Aug 30, 2026
3min read
byGodfrey Benjamin
forThe Coin Republic
See what traders are focused on
Key Insights:
- XRP news came into the spotlight after 15 million RLUSD was minted at the RLUSD Treasury.
- A reported whale opened a $48 million XRP long position using 10x leverage.
- The XRP price traded near $1.38 as $1.36 support and $1.40 to $1.42 resistance coming into focus.
XRP news drew fresh attention after Ripple Labs minted 15 million RLUSD at the RLUSD Treasury, while a reported $48 million leveraged XRP long emerged. Meanwhile, the XRP price traded near $1.38 as traders watched key support and resistance levels.
XRP News Points to Fresh RLUSD Minting
The latest XRP news centered on a new 15 million RLUSD mint recorded at the RLUSD Treasury. The transaction was shared by Ripple Stablecoin Tracker, which monitors activity involving Ripple USD.
The mint came as XRP traded around $1.38, according to the market data shared in the post. XRP had gained 2.97% over the previous 24 hours, while its market value stood at about $86.9 billion.
The new RLUSD mint does not, by itself, show that the funds were being moved into XRP. However, it added to the broader activity around Ripple and its stablecoin as traders closely watched the XRP price.
The market data also showed about $3 billion in XRP trading volume over 24 hours. XRP had a circulating supply of 62.74 billion tokens, against a total supply of 99.98 billion and a maximum supply of 100 billion.
For XRP holders and traders, the RLUSD activity provided another development to watch. However, the available information did not specify what the newly minted RLUSD would be used for or whether it was directly linked to XRP buying.
XRP Price Faces Key Levels After Losing Support
The XRP price was also under close watch after losing support within a rising channel on the one-hour chart. ChartNerd said XRP had fallen back to the yellow arrow support around $1.36 after losing the earlier channel support. The analyst then marked the $1.40-$1.42 area as a key resistance zone.
According to the analysis, XRP would need to reclaim that area to improve its short-term setup. If the token failed to move above the resistance, the chart pointed to a possible continuation lower toward the $1.30 to $1.27 range.
At the time of the shared market data, XRP price was trading at about $1.38. This placed the token close to the $1.36 support mentioned in the analysis and below the $1.40-$1.42 resistance area.
That made the next price move important to traders watching the XRP price. A move above the marked resistance would put the higher levels back into focus, while a break below support could increase pressure on the token. The chart analysis, however, represented one trader’s technical view. It did not confirm that XRP would move in either direction.
$48 Million XRP Long Adds to Market Attention
Alongside the RLUSD mint, another post drew attention to whale activity in the XRP market. Diana of InvestWith reported that someone had opened a $48 million XRP long position using 10x leverage. The post described the position as a major whale trade and questioned whether the trader had information that the wider market did not.
The report did not provide details that could confirm the trader’s identity or explain why the position was opened. Therefore, the trade alone does not prove that a major XRP rally was imminent.
Still, the size of the reported position made it notable as traders assessed the XRP price. A leveraged long position reflects a bet that the asset will rise, but leverage can also increase the risks tied to a market move. Taken together, the 15 million RLUSD mint, the reported whale position, and the technical levels around $1.36, $1.40, and $1.42 gave XRP traders several developments to monitor.
As per the latest XRP news, the price remained between the key support and resistance levels highlighted in the shared analysis. The next move above or below those areas could provide a clearer signal about the short-term direction.
Source: cryptorank.io