The post Gains 5% After RLUSD Pilot, Technical Breakout Targets $2. 50 appeared com. XRP rallied 4. 9% to $2. 35 in Tuesday’s session, breaking through key $2. 30 resistance on near-doubled institutional volume. The move marked the token’s strongest daily gain in a week and outperformance against a declining broader market, with traders now eyeing a clean push toward $2. 50. 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. Three consecutive hourly candles broke through resistance on rising volume, signaling conviction-driven breakout behavior. Adding to 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. The initiative marks 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 $2. 30 reclaim on 164M volume• Session high hit $2. 39 before light profit-taking• Support now anchored at $2. 32; prior resistance turned base• Momentum held through final hour consolidation between $2. 34-$2. 35• XRP registered higher highs and maintained a clean breakout channel Technical Analysis • Trend: Bullish reversal confirmed by higher low formation• Support: $2. 32 (new base), $2. 21 (secondary)• Resistance: $2. 38-$2. 39 immediate barrier; upside target $2. 50-$2. 60• Volume: 95% surge vs 24-hour average confirms institutional conviction• Momentum: RSI rising, no exhaustion signals yet• Structure: Clean breakout above prior consolidation; intraday volatility 7. 4% What Traders Are Watching • Whether XRP can sustain closes above $2. 35 and flip $2. 38-$2. 39 into support• Continuation of.
