Ripple USD Volume Jumps 100%, XRP Ledger Flags Security Threat

Ripple USD (RLUSD) stablecoin has seen an uptick in its activities as trading volume surged by over 100%, reaching $41.05 million.

According to CoinMarketCap data, RLUSD jumped by 110% at the peak of its trading hours on April 21.

Ripple USD Volume Spikes as Market Turns to Stability

The increase in trading activity comes as the broader crypto market experienced volatility amid the economic uncertainty triggered by the ongoing tariff war.

The development suggests significant interest among traders as stablecoins typically record an increase at times of broader financial market uncertainty.

This happens as investors convert fiat currency to stablecoin to acquire digital assets.

Despite being new to the stablecoin space, Ripple USD recorded this massive surge in trading volume, which pushed its total market capitalization to $294.05 million.

Ripple Labs, which launched the RLUSD in December 2024, is determined to grow the asset into one of the reliable stablecoins in the space.

This implies taking on established giants like Tether (USDT) and Circle (USDC), whose market caps are in the billions of dollars.

Like other stablecoins, RLUSD is a token linked to the U.S. dollar on a 1:1 basis. Each token corresponds to the equivalent fiat value.

RLUSD is issued on the Ethereum and XRP Ledger (XRPL) blockchains, driving its broad-based rally.

Security Alert: ‘xrpl.js’ Library Targeted by Supply-Chain Attack

Meanwhile, per an Aikido Security update on X, there is a serious supply-chain vulnerability in the “xrpl.js” JavaScript library.

This is an official package that developers use to interact with XRP Ledger. According to Aikido Security, they have identified a malicious code or “backdoor” in versions 4.2.1 to 4.2.4 of the xrpl package.

This backdoor enables malicious actors to steal users’ private keys and compromise their funds. So, any developer who upgrades to any of these versions without being aware could also lose their funds.

In a swift response, XRPScan, the network analysis platform or the XRP Ledger Explorer, has reassured users that its platform was not affected by the security strain.

According to XRPScan, they do not process private keys, so even if malicious code is present, attackers will not have any sensitive keys to steal.

It, however, cautioned developers working on earlier versions not to upgrade right away.

XRPScan also urged everyone to check their xrpl.js to confirm the version immediately.

It noted that anyone running on versions 4.2.1 to 4.2.4 might be exposed to the backdoor and should exercise caution.

It is worth noting that this risk affects only the Node Package Manager (NPM) and not the versions published on GitHub.

XRP Gains Traction as Trading Volume Soar

In the broader cryptocurrency market, XRP price has increased 6.67% to $2.27 in the last 24 hours.

This marks a notable shift from the recent past, when XRP traded at a discount and prices were as low as $1.62.

The price appreciation is supported by increased transaction activity as trading volume rose by a whopping 127.94% to $5.85 billion within the same time frame.

XRP has the potential to retest new levels. The coin soared to $2.19 in earlier trading before facing resistance at $2.20.

Current interest might support its rally if investors sustain the momentum. Bullish predictions suggest that the coin could soar to $4.50 before the year ends.

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