XRP Holds Strong as Traders Eye $2.65 Target; Ripple’s RLUSD Crosses $500M Mark
XRP continues to defend key support levels above $2.34, as traders set their sights on a potential rally toward $2.65 in the coming weeks.
The cryptocurrency has been consolidating within a defined range since December 2024, a period marked by steady accumulation even as retail trading enthusiasm has cooled.
According to Arthur Azizov, founder of B2 Ventures, XRP remains well-positioned for gains if it can maintain its current foothold.
“XRP has been in accumulation for quite some time, which keeps the outlook positive,” Azizov told CoinDesk on Thursday. “If the token can break cleanly out of this range, we could see it heading toward $2.65, with the potential to reach between $4 and $6 in a more extended move.”
Technical analysts are tracking bullish patterns on the charts, including a symmetrical triangle and a bull flag, both hinting at a possible retest of the $2.60–$2.65 region. A decisive move above these levels could pave the way for XRP to challenge multi-year highs.
Growing market confidence is reflected in increasing open interest in XRP derivatives, narrowing volatility, and signs of large-scale accumulation by whales.
Ripple’s RLUSD Hits $500 Million Milestone
Adding to the positive sentiment around the XRP ecosystem, Ripple’s stablecoin RLUSD has surpassed a $500 million market cap, less than eight months after launching.
The dollar-pegged stablecoin now ranks among the world’s top 20 stablecoins, benefiting from institutional support like custody services from BNY Mellon, as well as integrations on platforms including Transak and OpenPayd.
