XRP Eyes Breakout as Analysts Target $2.65 and Beyond, Ripple’s RLUSD Surges Past $500M

XRP is holding firm above a crucial support level at $2.34, with traders positioning for a potential breakout toward $2.65 in the coming weeks.

A move higher would challenge the upper end of a consolidation range that has contained price action since December 2024 — a period marked by steady accumulation, even as retail interest has faded.

Arthur Azizov, founder of B2 Ventures, believes XRP is poised for further gains if it maintains its footing above current levels.

“Since XRP has been in accumulation for quite a long time, the outlook remains positive,” Azizov said Thursday in a note to CoinDesk. “If we see a clean breakout from this range, the token could head toward a new local high around $2.65 and potentially target the $4 to $6 zone.”

That sentiment is echoed by other technical analysts who point to several bullish patterns on the charts, including a symmetrical triangle and a bull flag, both suggesting a retest of the $2.60–$2.65 region. A decisive break above those levels could pave the way for a surge toward multi-year highs.

Market confidence has also been buoyed by rising open interest in XRP derivatives, narrowing volatility bands, and signs of whale accumulation.

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Ripple’s RLUSD Hits Milestone

Adding to the positive backdrop, Ripple’s stablecoin RLUSD crossed the $500 million market cap threshold on Wednesday, less than eight months after its launch.

The dollar-pegged token has climbed into the ranks of the world’s top 20 stablecoins, supported by custody services from BNY Mellon and integrations across platforms like Transak and OpenPayd.