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By Shaurya Malwa|Edited by Parikshit Mishra
Jul 10, 2025, 5:47 a.m.
- XRP is maintaining support above $2.34, with traders anticipating a breakout toward $2.65.
- Analysts suggest a breakout could lead XRP to reach between $4 and $6.
- Ripple’s stablecoin RLUSD has surpassed a $500 million market cap, ranking among the top 20 globally.
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.
STORY CONTINUES BELOW
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 long time, the outlook remains positive,” he said in a Thursday note to CoinDesk, noting that a clean breakout from the range could push the token toward the $4–$6 zone.
That view is echoed by other technical analysts, who flag multiple bullish formations — including a symmetrical triangle and bull flag — supporting the case for a $2.60–$2.65 retest. If broken, those levels could act as a springboard for a move toward multi-year highs.
Sentiment has been bolstered by growing open interest in XRP derivatives, tightening volatility bands, and apparent whale accumulation.
Meanwhile, Ripple’s stablecoin RLUSD crossed a $500 million market cap on Wednesday, less than eight months after launch.
The dollar-backed token now ranks among the top 20 stablecoins globally, backed by custody from BNY Mellon and integrated across platforms like Transak and OpenPayd.
Read more: Ripple Taps BNY to Custody Stablecoin Reserves as RLUSD Surpasses $500M
Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis.
Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA.
He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook Protocol, Yearn Finance, Synthetix, Harvest, Redacted Cartel, OlympusDAO, Rome, Trader Joe, and SUN.
