Ripple USD (RLUSD) is currently trading at $0.999504, showing a marginal decline of 0.06145% over the last 24 hours. The price has fluctuated between a high of $1 and a low of $0.999327, indicating minimal volatility within a daily range of just 0.000673%.

Trading volume stands at 232,069,318, contributing to a volume-to-market cap ratio of 15.91%. This relatively high volume suggests active trading interest, though the slight downward price movement may indicate profit-taking or a lack of bullish momentum.

The hourly moving averages are clustered around $0.9998, with all short-term averages showing minor declines, reflecting a bearish sentiment over the past hours. The 1-hour RSI is at 43, indicating a near-neutral condition but leaning toward oversold territory, while the 7-day RSI at 49 suggests the asset is still in a consolidation phase.

In terms of price trends, RLUSD has experienced a slight decrease over the past week (-0.024%), a marginal decline over the last two weeks (-0.0011%), and a more pronounced dip over the last 30 days (-0.0049%). The all-time high of $1.073, reached in December 2024, shows that the price is currently 7% below this peak, suggesting potential resistance in approaching previous highs.

Given the current technical indicators and the overall market sentiment reflected in the moving averages and RSI values, RLUSD does not show strong bullish signals at this time. With the price remaining close to the $1 mark but failing to establish upward momentum, the recommendation is to Hold, as there is potential for a rebound if buying pressure increases or if market sentiment shifts positively.