Ripple’s native token became one of the poorest performers over the past few weeks, even though the lawsuit against the SEC ended. But there’s more, so let’s hop in on the latest developments in its ecosystem.

Record-setting minting of RLUSD

Ripple’s native stablecoin, which saw the light of day in mid-December after years of development and fighting US regulators, has been rather sluggish in terms of catching up to the big leagues. Data from CoinMarketCap shows that RLUSD is the 12th-largest stablecoin in the crypto market, with circulating supply of just over 240 million tokens.

However, the past 24 hours were much more positive for the asset. Data from its tracker shows that 50 million RLUSD were minted at the project’s treasury, setting the record for the biggest mint in its three-and-a-half-month history.

50,000,000 #RLUSD minted at RLUSD Treasury.https://t.co/hf8GfYG3cy

— Ripple Stablecoin Tracker (@RL_Tracker) March 31, 2025

Truth about XRP ETF hopes

Even ahead of the regulatory changes in the US and the closure of the lawsuit between Ripple and the SEC, a few companies had filed to launch their own exchange-traded funds tracking the performance of XRP. With the aforementioned two developments taking place in the past few months, the filings and speculations about such financial products reaching the US markets shot up.

In a recent article on the matter, CryptoPotato explored the potential impact on the asset’s price if they are indeed approved. By distinguishing the major differences between XRP and BTC (the first crypto asset to have ETFs listed in the US), we noted that there might be a short-term price boost for Ripple’s token due to hype, but the long-term effects are quite uncertain. Just look at ETH’s performance since the July approvals.

XRP price keeps dropping amid worrying predictions

The cross-border token expectedly soared from $2.3 to $2.6 after Garlinghouse announced on March 19 that the lawsuit had effectively ended. However, that rally was extremely brief and turned out to be a classic ‘sell-the-news’ moment.

In the following 10 days or so, XRP’s price tumbled by 20%. It became the worst-performing crypto asset out of the top 20 and was close to breaking below $2 on multiple occasions.

Although it has defended that support line, for now, there are some predictions that it could slump toward $1.2 if it breaks below it. Veteran trader Peter Brandt noted that XRP has created a typical H&S pattern that could result in a price drop to $1.07 if the $1.9 support is lost to the downside.

In contrast, CRYPTOWZRD believes XRP’s price can bounce off from the $2 line and surge toward $2.8. The Great Matsby is also bullish, indicating that the asset might have already bottomed out this cycle during the drop to $1.8 several weeks ago.

The post Ripple (XRP) News: April 1 appeared first on CryptoPotato.

On-chain data shows the Bitcoin Network Value to Transactions (NVT) Golden Cross is currently showing a trajectory that could suggest a bearish outcome for the BTC price.

Bitcoin NVT Golden Cross Is Near Overheated Territory Right Now

As explained by an analyst in a CryptoQuant Quicktake post, the NVT Golden Cross has a high value at the moment. The “NVT Ratio” is an on-chain indicator that keeps track of the ratio between the Bitcoin market cap and transaction volume.

The market cap here is simply the total value of the cryptocurrency’s circulating supply at the current spot price, while the transaction volume is a measure of the total amount of the asset that’s becoming involved in transfer activities on the network.

When the value of the NVT Ratio is high, it means BTC’s value (that is, the market cap) is high compared to its ability to transact coins (the transaction volume). Such a trend can be a sign that the coin is overvalued.

On the other hand, the metric being low suggests the cryptocurrency’s price could be due a rebound to the upside, as the market cap isn’t overheated compared to the volume.

In the context of the current topic, a modified form of the NVT Ratio known as the NVT Golden Cross is the indicator of interest. The NVT Golden Cross is a metric similar to the Bollinger Bands, which compares the short-term trend of the NVT Ratio against its long-term one to determine whether a top or bottom is near. The indicator uses the 10-day moving average (MA) for the short-term trend and the 30-day MA for the long-term one.

Now, here is a chart that shows the trend in the Bitcoin NVT Golden Cross over the past year:

As displayed in the above graph, the Bitcoin NVT Golden Cross recently touched a high value. The indicator’s rise was so sharp that it entered into a special zone past the 2.2 mark.

In this region, the asset’s price has often formed some sort of top. The same also held true during the visit into the zone this time around, with BTC’s price witnessing a bearish reversal.

As the coin’s price has gone through a retrace in the past week, the metric has also cooled off. Despite the decline, however, its value still remains relatively high. As the quant notes,

Currently, the NVT indicates that the pullback is likely to continue and that the recent price rise was driven by manipulation. For the upward trend to be sustainable, transaction volumes on the network must increase.

Historically, bottoms have tended to occur when the Bitcoin NVT Golden Cross has gone under the -1.6 mark. So far, the indicator has only dropped to 1.8, meaning that it still has quite the ways to go before it enters into this region.

BTC Price

At the time of writing, Bitcoin is trading around $83,300, down almost 6% in the last seven days.