XRP (XRP-USD) has been winding tighter and tighter inside its range, and now it looks ready to snap. The token is holding firm around $2.45 as traders eye a clean technical breakout that could launch it toward $2.65, with the potential to push even further into the $4 to $6 zone.
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Fueling the setup is Ripple’s RLUSD, which has just rocketed past a $500 million market cap. That move makes it one of the top 20 stablecoins globally, less than eight months after launch, and it’s a signal that Ripple’s broader ecosystem is finally catching velocity.
Technicals Say Lift-Off Is Imminent
XRP hasn’t traded above $2.65 since late 2024, but traders say the conditions are lining up. Multiple bullish patterns, from a symmetrical triangle to a classic bull flag, are converging around current price levels. If XRP can break through that key upper bound, analysts say it could set off a move toward multi-year highs.
Arthur Azizov, founder of B2 Ventures, noted Thursday that XRP is “likely to move towards a new local high around $2.65,” and that the token “has been in accumulation for quite a long time,” making the overall outlook bullish. Other analysts agree, citing increased open interest, narrowing volatility bands, and growing whale accumulation.
In other words, pressure is building, and a pop looks more likely than a fade.
RLUSD Brings Ecosystem Credibility
Technical signals on XRP are tightening fast, with bullish patterns stacking up around key resistance, but what’s happening behind the scenes might be just as important. RLUSD, Ripple’s dollar-backed stablecoin, is doing real numbers. Its market cap surged past $500 million this week, making it one of the fastest-growing stablecoins this cycle. That growth is not speculative; it’s functional.
RLUSD is backed by custody from BNY (BK) and integrated into payment rails like Transak and OpenPayd, giving Ripple institutional legitimacy at a time when the stablecoin market is still largely dominated by USDT and USDC.
The knock-on effect: greater utility for RippleNet, increased visibility for XRPL as a stablecoin infrastructure, and a strong potential feedback loop for XRP.
XRP Range-Bound No More?
XRP has been trading in a relatively tight band since December 2024, with buyers consistently stepping in at lower levels while retail interest largely faded. That sort of accumulation often precedes a violent breakout, especially when paired with ecosystem catalysts like RLUSD’s growth.
If the token can clear $2.65 cleanly, that level could flip into support. From there, price targets widen quickly. Analysts are pointing to the $4 to $6 range as the next destination, provided the current setup holds and broader market conditions remain constructive.
Put simply, XRP might be on the verge of catching up to the rest of the altcoin rally, but this time, with fundamentals to back it. At the time of writing, XRP is sitting at $2.45.
