XRP Bulls Aim for $6 as Ripple’s RLUSD Market Value Surpasses $500 Million

XRP Eyes $2.65 Upside as Ripple’s RLUSD Stablecoin Surpasses $500 Million Market Cap

XRP is holding strong above the crucial $2.34 support level, fueling hopes among traders for a move toward $2.65 in the near term.

Such a rally would test the top boundary of a trading range that’s confined XRP’s price action since December 2024. Despite broader cooling interest from retail investors in the crypto market, XRP has quietly been consolidating, hinting at a potential breakout.

According to Arthur Azizov, founder of B2 Ventures, XRP could soon target a local high if current support levels remain intact.

“XRP has been in accumulation for quite a long time, so the outlook remains positive,” Azizov said in comments shared with CoinDesk on Thursday.
“A clean breakout from this range could send the token into the $4 to $6 zone.”

Technical analysts echo this bullish view, pointing to chart patterns like symmetrical triangles and bull flags, which suggest growing upward pressure. A move past the $2.60–$2.65 zone could set the stage for XRP to revisit multi-year highs.

Market signals also show increasing momentum, with open interest in XRP derivatives climbing, volatility bands tightening, and evidence of whale accumulation, all hinting at renewed confidence among institutional investors.

On the fundamental side, Ripple’s stablecoin RLUSD achieved a significant milestone this week, surpassing a $500 million market cap in less than eight months since launch.

RLUSD now ranks among the top 20 stablecoins globally, backed by BNY Mellon as a custodian and integrated with key payment and crypto services like Transak and OpenPayd.

With both technical indicators and fundamental developments aligning, optimism is building among traders that XRP could soon make a decisive push higher.