Technical Breakout Sends XRP Up 5% After RLUSD Pilot Program
XRP Surges 4.9% on RLUSD Pilot, Eyes $2.50 Target
November 6, 2025
XRP climbed 4.9% to $2.35 on Tuesday, clearing $2.30 resistance on near-doubled institutional volume. The move marked the token’s strongest daily gain in a week and outperformed a broadly declining market, with traders now targeting $2.50.
Market Drivers
Institutional flows returned to XRP as risk assets corrected elsewhere, with accumulation near $2.30 after a week of price compression. Three consecutive hourly candles above resistance on rising volume signaled a conviction-driven breakout.
Momentum was further boosted by a stablecoin settlement pilot from Ripple, Mastercard, WebBank, and Gemini. Using RLUSD on the XRP Ledger, the pilot 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, demonstrating Ripple’s growing enterprise use cases beyond cross-border remittances.
Technical Snapshot
- Breakout confirmed above $2.30 on 164M volume
- Session high: $2.39, support now at $2.32
- Momentum maintained in consolidation; higher highs intact
- RSI rising, intraday volatility 7.4%, volume 95% above 24-hour average
- Resistance: $2.38–$2.39; upside target: $2.50–$2.60
Traders are watching for sustained closes above $2.35, volume consistency, and continued RLUSD-driven flows to confirm further upside.
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