XRP Traders Target $6 as Ripple’s RLUSD Surges Past $500M Market Cap
2025-07-10 06:41:14
Main Idea
XRP traders anticipate a breakout toward $2.65, with potential to reach $4–$6, while Ripple's stablecoin RLUSD surpasses a $500 million market cap.
Key Points
1. XRP is maintaining support above $2.34, with traders betting on a breakout toward $2.65.
2. Analysts suggest a breakout could push XRP to the $4–$6 range, citing steady accumulation and bullish technical indicators.
3. Ripple's stablecoin RLUSD has exceeded a $500 million market cap, ranking among the top 20 stablecoins globally.
4. Growing open interest in XRP derivatives, tightening volatility bands, and whale accumulation are supporting bullish sentiment.
Description
XRP (XRP) is hovering above a key support at $2.34, and traders are betting on a breakout toward $2.65 in the coming weeks. A move higher would mark the upper bound of a consolidation range that’s held since December 2024, a range that’s seen steady accumulation even as retail interest waned. Arthur Azizov, founder of B2 Ventures, said the token is “likely to move towards a new local high around $2.65” if it continues to hold above current levels. “Since XRP has been in accumulation for quite a ...
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