RLUSD hits $1.59B market cap as BlackRock and OKX adopt it as collateral — XRP still stuck near $1.40

Ripple's RLUSD stablecoin has surged to a $1.59 billion market cap, with 24-hour trading volume spiking 143% after BlackRock adopted it as collateral. OKX has simultaneously listed RLUSD across more than 280 spot pairs and made it available as margin collateral for derivatives — a structural upgrade that shifts it from exchange asset to genuine money-market instrument.

Despite the ecosystem momentum — MEA expansion deals, deepening central bank payment integrations, and record XRPL transaction volumes — XRP spot price remains pinned in the $1.37–$1.40 range. Momentum indicators point to consolidation rather than a clean directional break, with support at $1.33 and no strong bullish divergence in moving averages yet.

Standard Chartered analysts have set a $2.80 year-end target for XRP, conditional on RLUSD reaching a $2 billion market cap and triggering institutional liquidity flows…