Messari and DeFiLlama data point to XRP/ETH strength as XRPL stablecoins hit $750M

XRP showed relative strength versus Ethereum in Q1 even as its price closed the quarter down 27%, with the XRP/ETH ratio ending Q1 up 4.25%. Early in Q2, XRPL stablecoin liquidity has climbed to a new high of $750 million, led by RLUSD at 93% of total liquidity, alongside a rise of over 5% in the XRP/ETH ratio so far this quarter.