Ripple’s RLUSD Climbs Past $500M, Prompting XRP Bulls to Aim for $6

XRP Eyes $2.65 Breakout as Ripple’s RLUSD Surpasses $500M Market Cap

XRP is holding steady above $2.34, with traders watching closely for a potential move toward $2.65 in the near future.

The token has been range-bound since December 2024, signaling a prolonged accumulation phase despite a decline in retail trading activity.

Arthur Azizov, founder of B2 Ventures, believes XRP remains well-positioned for gains if it can sustain its current levels.

“XRP has been consolidating for quite some time, and the outlook remains bullish,” Azizov told CoinDesk on Thursday. “A solid breakout from this range could push the token toward $2.65 initially, and possibly into the $4 to $6 range if momentum continues.”

Technical indicators remain supportive, with analysts pointing to bullish chart formations such as a symmetrical triangle and bull flag, both hinting at a potential retest of the $2.60–$2.65 zone. A decisive push above these levels could open the door to new highs for XRP.

Market sentiment around XRP has been bolstered by increasing open interest in derivatives markets, tightening volatility, and visible accumulation by large investors.

Ripple’s RLUSD Hits Major Milestone

Meanwhile, Ripple’s stablecoin RLUSD has crossed a significant threshold, reaching a $500 million market capitalization less than eight months after its launch.

The dollar-backed stablecoin has entered the ranks of the world’s top 20 stablecoins, supported by institutional partners like BNY Mellon for custody services, as well as integrations across platforms including Transak and OpenPayd.