Here’s the signal I’m watching on XRPL: The largest DEX routes are now RLUSD ↔ XRP. That matters. Not because it instantly moves price, but because it shows real liquidity formation around Ripple’s stablecoin and XRP as the core bridge asset. In the last 24h: RLUSD → XRP: ~11.65M XRP XRP → RLUSD: ~11.57M XRP XRPL transactions: ~3.7M DEX/AMM activity: ~1.1M txns Payments: ~2.3M txns This does not look like a dead network. It looks like early-stage financial plumbing being tested in real time. The key point is balance: flows are moving both ways, not just one-directional selling into stablecoins. That suggests RLUSD is starting to become an active liquidity layer inside the XRPL ecosystem. Price action remains weak. No need to sugarcoat it. But infrastructure, stablecoin liquidity, DEX activity, and cross-chain expansion are all moving in the opposite direction. That gap between price and utility is where serious investors should pay attention. The market may be ignoring XRPL today. The ledger is not standing still. #XRP #XRPL #RLUSD