XRP Eyes $6 as Ripple’s RLUSD Rockets Beyond $500 Million in Market Valuation

XRP Sets Sights on $2.65 as Ripple’s RLUSD Stablecoin Tops $500M Market Cap

XRP is maintaining strong support above $2.34, as traders eye a potential push higher that could test key resistance levels around $2.65 in the coming weeks.

The token has been trading within a consolidation range since December 2024, a period marked by steady accumulation despite a drop-off in retail trading activity.

Arthur Azizov, founder of B2 Ventures, remains bullish on XRP’s prospects, provided it holds current support levels.

“XRP has been in an accumulation phase for quite some time, so the outlook is still favorable,” Azizov said in a note to CoinDesk on Thursday. “A clean breakout from the current range could propel the token toward $2.65 initially, with further upside potential into the $4 to $6 range.”

Other technical analysts also highlight bullish chart patterns, including a symmetrical triangle and bull flag formations, which point toward a possible retest of the $2.60–$2.65 zone. A decisive breakout above these levels could open the door to new multi-year highs for XRP.

Investor confidence appears to be growing, reflected in rising open interest in XRP derivatives, tightening volatility, and evidence of whale accumulation in recent sessions.

Ripple’s RLUSD Passes Major Milestone

Further strengthening the positive sentiment around the XRP ecosystem, Ripple’s stablecoin RLUSD has now surpassed a $500 million market capitalization, just eight months after its debut.

The dollar-pegged stablecoin has entered the ranks of the world’s top 20 stablecoins, benefiting from institutional support such as custody services provided by BNY Mellon, and integrations across platforms like Transak and OpenPayd.