XRP rallied 4.9% to $2.35 in Tuesday’s session, breaking through the key $2.30 resistance on near-doubled institutional volume. This move marked the token’s strongest daily gain in a week and demonstrated outperformance against a declining broader market. Traders are now eyeing a clean push toward the $2.50 level.

### News Background

Institutional flows rotated back into XRP as risk assets corrected elsewhere, with large holders accumulating near $2.30 following a week of compression. Notably, three consecutive hourly candles broke through resistance on rising volume, signaling conviction-driven breakout behavior.

Adding to positive sentiment, Ripple, Mastercard, WebBank, and Gemini jointly launched a stablecoin-based settlement pilot using RLUSD on the XRP Ledger to process fiat credit card payments. This initiative represents one of the first tests by a regulated U.S. bank to settle real-world card transactions directly over a public blockchain.

RLUSD, which recently surpassed $1 billion in circulation, operates under New York’s Trust Charter, providing a regulated framework for stablecoin-backed payment rails. Traders interpreted the pilot as a potential validation of Ripple’s infrastructure beyond cross-border remittances, broadening enterprise use cases at a time when stablecoin settlements are becoming the preferred on-chain banking mechanism.

### Price Action Summary

– Breakout sequence triggered after reclaiming $2.30 on 164 million volume
– Session high reached $2.39 before light profit-taking
– Support now anchored at $2.32, with prior resistance turned into a base
– Momentum held through final hour consolidation between $2.34 and $2.35
– XRP registered higher highs and maintained a clean breakout channel

### Technical Analysis

– **Trend:** Bullish reversal confirmed by a higher low formation
– **Support:** $2.32 (new base), $2.21 (secondary)
– **Resistance:** $2.38-$2.39 immediate barrier; upside target between $2.50 and $2.60
– **Volume:** 95% surge versus 24-hour average confirms institutional conviction
– **Momentum:** RSI rising with no exhaustion signals yet
– **Structure:** Clean breakout above prior consolidation; intraday volatility at 7.4%

### What Traders Are Watching

Traders will be closely monitoring XRP’s ability to sustain momentum above the $2.35 level and attempt a push toward the $2.50 resistance zone. Continued institutional interest and further developments from the stablecoin settlement pilot could provide additional catalysts for price appreciation.
https://bitcoinethereumnews.com/tech/gains-5-after-rlusd-pilot-technical-breakout-targets-2-50/