XRP Targets $2.65 Breakout as Ripple’s RLUSD Stablecoin Tops $500M Market Cap
XRP is showing renewed strength, holding steady above key support at $2.34 as traders set their sights on a potential move toward the $2.65 level in the coming weeks.
A rally to $2.65 would challenge the upper limit of a trading range that has contained XRP’s price since December 2024. Despite waning retail enthusiasm across crypto markets, XRP has been quietly consolidating, hinting at building momentum beneath the surface.
Arthur Azizov, founder of B2 Ventures, sees room for further upside if support remains intact.
“XRP has been in accumulation for quite a long time, so the outlook remains positive,” Azizov said Thursday in comments shared with CoinDesk.
“A clean breakout from this range could push the token toward the $4 to $6 zone.”
Technical analysts echo this sentiment, pointing to symmetrical triangle and bull flag formations on XRP’s charts—patterns known for signaling brewing bullish pressure. A decisive break above $2.60–$2.65 could clear the path for multi-year highs.
Fueling this optimism, market data shows increasing open interest in XRP derivatives, narrowing volatility bands, and clear signs of whale accumulation, suggesting growing conviction among major investors.
On the fundamental side, Ripple’s U.S. dollar-pegged stablecoin RLUSD crossed a significant milestone this week, reaching over $500 million in market capitalization less than eight months after launch.
RLUSD now ranks among the top 20 stablecoins worldwide, backed by custodial services from BNY Mellon and integrations with platforms like Transak and OpenPayd.
With technical signals aligning and fundamental developments gaining momentum, XRP traders are growing increasingly confident that a major move upward may soon be underway.
