XRP Bulls Charge Toward $6 as RLUSD Shatters Key Resistance—Here’s Why Traders Are FOMOing

XRP's rally just got a turbo boost—and the charts are screaming buy signals.

RLUSD's breakout: The catalyst nobody saw coming

When RLUSD blasted past its make-or-break level this morning, it wasn't just another milestone. It was the green light for XRP's next leg up. Market makers are now repositioning faster than a hedge fund during FOMC whiplash.

The $6 target: Pipe dream or inevitability?

Technical setups show clear runway for XRP's ascent, though skeptics whisper about overleveraged longs (as if Wall Street hasn't built empires on worse). The real story? Liquidity pools are flashing the strongest accumulation patterns since the 2023 bull run.

One thing's certain—when RLUSD moves, the altcoin casino follows. Just don't tell the SEC.

TLDR

• XRP maintains support above $2.34 with traders targeting a breakout toward $2.65 in coming weeks
• Analysts suggest successful breakout could push XRP toward $4-$6 price zone based on technical patterns
• Ripple’s RLUSD stablecoin surpassed $500 million market cap, ranking among top 20 stablecoins globally
• Technical indicators show mixed signals with bullish momentum but potential rising wedge pattern forming
• Key resistance at $2.35 remains crucial level for sustained upward movement

XRP is currently trading above the $2.34 support level as traders watch for potential breakout signals. The cryptocurrency has maintained this support zone while building momentum for a potential move higher.

Arthur Azizov from B2 Ventures expects XRP to MOVE toward $2.65 if current support levels hold. The token has been in an accumulation phase since December 2024, creating a consolidation range that traders are monitoring closely.

Technical analysis reveals multiple bullish formations including symmetrical triangles and bull flag patterns. These formations support the case for a retest of $2.60 to $2.65 levels according to market watchers.

A clean breakout from the current range could push XRP toward the $4 to $6 zone. This represents the upper target that analysts are tracking based on chart patterns and historical price action.

The 4-hour chart shows XRP trading above both 20-day and 50-day Exponential Moving Averages. This positioning indicates short-term bullish control among traders.

#XRP is pushing higher on the 4H chart, but here’s what smart traders are watching:

Price is above both the 20 and 50 EMAs, which signals short term strength. But the structure looks like a rising wedge, and momentum is already starting to fade. The MACD is flattening out, and… pic.twitter.com/EgtKitINI1

— The crypto Bushman (@bull3478) July 8, 2025

However, some analysts note the formation of a rising wedge pattern. This pattern typically signals potential sharp declines once momentum begins to fade.

The Moving Average Convergence Divergence indicator is showing signs of flattening. Trading volume has also decreased, which some view as warning signals for the current rally.

Technical Resistance Levels

The $2.35 level represents key resistance for XRP’s next move. Bulls need to break through this level with strong volume to sustain upward momentum.

If XRP fails to break $2.35, the price could retreat to test the $2.25 support zone. This level has previously acted as support during recent price movements.

A successful break above $2.35 with volume surge could drive XRP toward $2.50. This WOULD mark the next significant target for bullish traders.

The 2-hour chart shows a descending trendline acting as resistance. Recent attempts to break above this trendline faced rejection, leading to short-term pullback.

XRPUSDT

The $XRP chart 2-hour chart shows a descending trendline.

After a recent rejection, price is pulling back and may retest the $2.15–$2.18 demand zone. If that support holds, with wick rejection candles, staking more buys and targeting a move back toward the $2.34–$2.35… pic.twitter.com/5SxWtuIAK9

— 🅰️TOM 𝐁 (@aT0m_B) July 7, 2025

Market Fundamentals

XRP has printed two consecutive green candles on the daily chart. This pattern suggests buyer interest remains steady despite market volatility.

The price may retest the demand zone between $2.15 and $2.18. This area has historically provided support where buyers have defended the price.

Growing open interest in XRP derivatives supports bullish sentiment. Tightening volatility bands and apparent whale accumulation also contribute to positive outlook.

Meanwhile, Ripple’s RLUSD stablecoin crossed $500 million market cap on Wednesday. This milestone came less than eight months after the token’s launch.

The dollar-backed RLUSD now ranks among the top 20 stablecoins globally. The token features custody from BNY Mellon and integration across platforms like Transak and OpenPayd.

XRP currently trades at $2.43 as traders await the next directional move above key resistance levels.