XRP Rises 4.9% as RLUSD Pilot Sparks Breakout Toward $2.50
November 6, 2025
XRP climbed 4.9% to $2.35 on Tuesday, breaking key $2.30 resistance on near-doubled institutional volume. The move marked the token’s strongest daily gain in a week, outpacing the broader market, with traders eyeing a push toward $2.50.
Market Drivers
Institutional buyers returned to XRP as risk assets corrected elsewhere, accumulating near $2.30 after a week of price compression. Three consecutive hourly candles above resistance on rising volume signaled a conviction-driven breakout.
Investor sentiment was bolstered by a stablecoin settlement pilot from Ripple, Mastercard, WebBank, and Gemini. Using RLUSD on the XRP Ledger, the project explores regulated U.S. bank settlements for fiat credit card payments. RLUSD, backed by the U.S. dollar under New York’s Trust Charter, recently surpassed $1 billion in circulation, highlighting Ripple’s broader enterprise use cases beyond cross-border remittances.
Technical Highlights
- Breakout confirmed after reclaiming $2.30 on 164M volume
- Session high reached $2.39, with support now at $2.32
- Momentum maintained through final-hour consolidation; higher highs preserved
- RSI rising, intraday volatility 7.4%, volume 95% above 24-hour average
- Near-term resistance: $2.38–$2.39; upside target: $2.50–$2.60
Traders are watching for sustained closes above $2.35, consistent volume, and continued RLUSD-driven flows to confirm further upside.
