XRP Price Prediction as Gemini Burns $128 Million RLUSD on XRPL

• XRP price prediction as analysts flagged $1.09, $1.06, and $0.87 as downside levels.
• Gemini burned $128M RLUSD on XRPL in two March 31 transactions, cutting XRPL RLUSD supply to $189M.
• RLUSD burns reached $233.8M in the past week, while total minting across Ethereum and XRPL reached $44M.

Gemini redeemed $128 million worth of RLUSD on the XRP Ledger on March 31, according to data shared by XRPL validator Vet. The move reduced RLUSD supply on XRPL and returned the equivalent fiat value to Gemini through Ripple’s redemption process.

The burn came in two transactions worth $79 million and $49 million. At the same time, traders kept watching XRP price predictions near the $1.35 zone, where analysts tracked nearby support levels and fresh exchange outflow activity.

Gemini Redeems RLUSD Through Two XRPL Burns

On-chain data showed that a Gemini-linked address sent $79 million in RLUSD at 2:15 PM UTC. Minutes later, the funds passed through an intermediate wallet before reaching a burn address at 2:23 PM UTC.

Gemini repeated the same process later in the day with another $49 million in RLUSD. That batch moved at 5:32 PM UTC and reached the burn address at 6:36 PM UTC.

The activity matched a standard stablecoin redemption flow. In that process, the holder returns tokens to the issuer and receives an equivalent amount of fiat liquidity.

That explanation placed the burn as normal treasury and liquidity management. Firms often use redemptions after settlements, exchange activity, or customer withdrawal demand.

In a recent report, RLUSD expanded to Layer 2 networks through Wormhole’s Native Token Transfers. This starts with Optimism and later extends to Base, Ink, and Unichain.

The move will improve cross-chain liquidity while allowing Ripple to retain control over native issuance across supported ecosystems.

RLUSD Supply on XRPL Falls as Ethereum Holds More Than $1B

The latest burns pushed RLUSD supply on XRPL down to $189 million. Ethereum held more than $1 billion worth of RLUSD at the time of reporting.

Over the past week, RLUSD minting reached $44 million across Ethereum and XRPL. However, burns during the same period totaled $233.8 million, leaving the net supply lower.

The weekly burn total included $130 million on XRPL and $103.8 million on Ethereum. Before March 31, XRPL had recorded only a small burn of $1.9 million on March 26.

In other Ripple news, the XRP company also minted 10 million RLUSD on Ethereum later on March 31. Even so, the new issuance did not offset the wider decline caused by redemptions across both networks.

Gemini Partnership Adds Context to the RLUSD Activity

Ripple and Gemini announced a partnership during Ripple Swell 2025 in New York. The companies also worked with Mastercard and WebBank to test RLUSD for traditional credit card settlement on XRPL.

That earlier effort linked RLUSD with payment flows tied to the Gemini Credit Card. As a result, the latest burn arrived against a backdrop of payment testing and exchange-related liquidity use.

Some XRP community members tied the redemption to online speculation about Gemini’s financial position. Those concerns followed reports about losses, an IPO-related lawsuit, and the company’s Gemini 2.0 restructuring plan.

Still, the information provided with the update said Gemini remained operational. Its exchange continued to run, users could access funds, and there was no confirmed insolvency or receivership.

XRP Price Prediction Tracks Support as Outflows Rise

XRP price prediction is near the $1.35 range after a 3% rally in the last 24 hours, as analysts watched lower support levels. Analyst CasiTrades said short-term supports were weakening around the 0.382 retracement area. According to that view, XRP could test $1.09 and $1.06 if selling pressure continues.

The market backdrop added pressure to that setup. Traders kept watching Middle East tensions, rising oil prices, and Bitcoin’s struggle to regain momentum.

At the same time, a separate XRP price prediction pointed to rising Ripple exchange outflows from Binance. A CryptoQuant chart showed repeated spikes in outflow transaction counts across several value bands since February.

The daily outflows moved above 4,000 transactions on several days and neared 6,000 on some sessions. That pattern suggested that many users were moving XRP off the exchange during the recent price weakness.

Outflows do not confirm motive on their own, yet they often draw attention during pullbacks. In this case, the post framed the activity as dip buying and self-custody accumulation by thousands of holders.