XRP Bulls Defend Key Support: Will It Hit $2.65 Soon?
In the upcoming weeks, traders anticipate a breakout toward $2.65 as XRP remains above a crucial support level around $2.34. A higher move would indicate the upper limit of a consolidation range that has been in place since December 2024 and has steadily grown even as retail interest has decreased.
B2 Ventures CEO: XRP Accumulation Signals Major Breakout Ahead
B2 Ventures CEO Arthur Azizov predicted that if XRP holds above its present levels, it will probably rise to a new local high of about $2.65.
Since XRP has been in accumulation for quite a long time, the outlook remains positive,
Azizov
He pointed out that the XRP price might move toward the $4–$6 area if it had a clear breakout from the range. Other technical experts share this opinion and point to several bullish patterns, such as a bull flag and symmetrical triangle, that bolster the argument for a $2.60–$2.65 retest. Those levels could serve as a launching pad for a move toward multi-year highs if they are breached.
Whale Accumulation and RLUSD Growth Drive XRP Toward New Highs
Tightening volatility bands, increasing open interest in XRP contracts, and apparent whale accumulation have all helped to boost sentiment. In addition, less than eight months after its inception, Ripple’s stablecoin, RLUSD, reached a $500 million market valuation on Wednesday. With custody provided by BNY Mellon and integration across systems such as Transak and OpenPayd, the dollar-backed token is currently one of the top 20 stablecoins in the world. This was also an important factor in the rise of XRP.
For more up-to-date crypto news, you can follow Crypto Data Space.
