XRP Ledger (XRPL) off to a good start with TVL up 14%.

The XRP Ledger (XRPL) has started 2025 on a positive note, as figures from its latest Total Volume Locked (TVL) reveal.

Notably, XRPL has seen a significant increase of 14% in its TVL. According to data from DeFiLlama, TVL now stands at $65.52 million. It jumped from about $55 million on January 1.

Investor confidence boosted by key development of XRP Ledger

This development is significant given the implied signal it sends to potential investors. Primarily, when the TVL of the property increases, it confirms that the project is gaining momentum.

Additionally, it emphasizes the level of confidence of existing investors. This is because Total Locked Volume refers to the cumulative value of assets that have been invested or locked in the protocol.

Therefore, the $65 million in TVL of XRPL suggests that the number of investors looking to invest in XRP has grown significantly.

This can only happen when investors expect the underlying asset to make bullish moves in the market.

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XRP has lived up to this expectation. At the time of writing, XRP is trading at $2.43, up 2.05% in the last 24 hours.

This increase occurred despite a 47.32% decrease in trading volume to $5.8 billion.

Meanwhile, many XRP investors are betting that the altcoin will reach a new high. In a recent CoinMarketCap survey, 87% of respondents from a sample of 453,000 users remain positive about XRP.

Analysts argue that with such high community support, XRP could reach new heights in the ongoing recovery.

Is the RLUSD behind the current bullish outlook?

XRP Ledger boosted investor confidence with some significant moves in 2024.

XRPL has made many upgrades, including one to address network issues such as full node failure history. After the upgrade, users could see their full transaction history.

Additionally, the launch of the RLUSD stablecoin is fueling optimism.

RLUSD has already debuted on major platforms such as Uphold, MoonPay, CoinMENA and many others that were getting ready to be included.

RLUSD aims to provide affordable, efficient global payment services to users and cement its reputation in the crypto industry.

As reported by The Coin Republic, RLUSD has seen a 180% increase in trading volume, and analysts are speculating that this could boost the price of XRP.

XRP market position and price projections

Interestingly, the current price growth of XRP has pushed it to secure the third position in the crypto market.

XRP’s market cap of $139.74 billion overthrew Tether (USDT) by more than $2.5 billion to take third place.

Analysts attributed the development to possible fear, uncertainty and doubt (FUD) facing USDT in Europe.

With the deadline for compliance with the Market for Crypto Assets (MiCA) regulation having passed, many are still concerned about the fate of Tether in Europe.

Therefore, if this wave of FUD dies down, USDT could reclaim its third place from XRP. The price action excited investors in early December 2024 as it attempted to break the $3 mark in its rally.

However, the price level proved too high for the coin, which suffered negative volatility. As such, the price of XRP fell to a low of $1.9843.

In a reversal move, XRP broke the $2.10 resistance level in the last seven days as it started a new uptrend.

Some have projected a 50% drop to $3.70 if support is between $1.98 and $2.00.

Market watchers expect XRP, fueled by community support and the RLUSD utility, to reveal new price levels during this ongoing rally.