XRP has breached the crucial $2.43 resistance level with significant trading volume, signaling a decisive reversal of its prior downtrend and renewed bullish momentum. The surge is partly attributed to notable whale transactions including Ripple’s own movement of $477 million worth of XRP, which market analysts interpret as strategic accumulation rather than distribution.
Concurrently, Ripple’s compliant stablecoin RLUSD has surpassed the $500 million market capitalization milestone, reinforcing confidence in the broader ecosystem. The stablecoin’s ongoing integration with payment processors Transak and OpenPayd enhances its utility for bridging traditional finance with blockchain applications.
Technical analysts emphasize the importance of the $1.90 support level for maintaining XRP’s bullish trajectory. Market participants are advised to monitor this threshold closely, as sustained momentum depends on holding above this foundational price point.