XRP’s Q3 prediction: How RLUSD’s liquidity shock can help price shoot up
RLUSD liquidity shift and Japan approval intensify debate on XRP vs ETH dominance heading into Q3.
Is a major shift building in the market ahead of the Q3 cycle?
The success of this move relies more on stablecoin flows than on short-term price action, as on-chain liquidity feeds directly into stronger DeFi ecosystems that shape a token’s long-term growth structure.
This is where recent RLUSD activity has intensified discussion around where liquidity is concentrating as Q2 comes to an end.
According to DeFiLlama data, RLUSD’s $1.57 billion supply on the XRP Ledger has overtaken Ethereum’s share. The chart below shows that RLUSD on XRPL now totals over $804 million, accounting for roughly 52% of the total supply, while Ethereum has contracted to around $771 million.
This divergence in liquidity distribution is driving increased discussion around XRP price prediction going into Q3.

XRPL’s expansion in Japan further supports this trend.
For context, RLUSD has received regulatory approval in Japan, allowing broader use of USD-backed stablecoins for payments across a market of about 122 million people.
This drives higher RLUSD activity on XRPL, strengthening liquidity concentration and feeding into XRP price prediction dynamics.
From a technical lens, this comes at a key moment. On the weekly chart, the XRP/ETH ratio has been range-bound since September, despite broader crypto volatility.
Against this backdrop, the RLUSD divergence between XRPL and Ethereum may not be random, but instead an early signal of potential Q3 leadership.
Stablecoin flows reshape XRP price prediction narrative
Expecting Ripple [XRP] to outperform Ethereum [ETH] in Q3 may not be too far-fetched.
At the DeFi level, stablecoin flows are diverging. DeFiLlama data shows XRPL stablecoin supply rising over 8% this week with more than $800 million in inflows, while Ethereum has dropped by 0.3%.
This shows stronger liquidity growth on XRPL and supports the XRP price prediction narrative over ETH for Q3.
Institutional flows also follow the same trend. SoSoValue data shows spot Ripple ETF products recorded $31.32 million in net inflows in June so far, although this remains below May’s $132 million.
Meanwhile, Ethereum products recorded $377 million in net outflows, showing a clear shift in institutional capital flows.

In this context, RLUSD supply strength on XRPL does not look random.
Instead, with Japan’s regulatory approval, XRP/ETH consolidation, and institutional flows tilting toward XRP, the data points to a broader shift in liquidity direction. In this setup, a breakout in the ratio may be forming.
As a result, XRP price prediction now factors in a possible recovery from the recent dip, with a move back toward the $1.5-$2 level positioning it as a potential strong Q3 setup.