Ripple’s RLUSD Climbs Past $500M, Fueling XRP Traders’ Push Toward $6 Price Target

XRP Poised for Move Toward $2.65 as Traders Grow Bullish; Ripple’s RLUSD Hits $500M Market Cap

XRP is holding firmly above key support at $2.34, with traders increasingly targeting a push toward the $2.65 mark in the coming weeks.

This potential move would test the upper boundary of a trading range that has contained XRP’s price action since December 2024. Throughout this period, the token has been quietly consolidating, even as broader retail enthusiasm in the crypto market has softened.

Arthur Azizov, founder of B2 Ventures, believes XRP could be setting up for a new local high near $2.65, provided current support levels continue to hold.

“XRP has been in accumulation for quite a long time, so the outlook remains positive,” Azizov noted in a Thursday report shared with CoinDesk.
“A clear breakout from this range could propel the token toward the $4 to $6 zone.”

Other technical analysts share a similar outlook, pointing to symmetrical triangle and bull flag patterns that signal increasing upward pressure. These technical setups indicate the possibility of a retest around $2.60–$2.65, and breaking through that resistance could open the path toward multi-year highs.

Further signs of momentum include rising open interest in XRP futures, narrowing volatility bands, and accumulating positions by large holders (whales), all suggesting growing confidence among institutional investors.

On the fundamentals side, Ripple’s stablecoin RLUSD has crossed a significant milestone, surpassing $500 million in market capitalization less than eight months after its launch.

RLUSD has now entered the ranks of the top 20 stablecoins globally, supported by custodial services from BNY Mellon and integrations with major payment and crypto platforms like Transak and OpenPayd.

As both technical signals and fundamental developments align, optimism is building among XRP traders that a decisive upward move could be on the horizon.