XRP Jumps 4.9% on RLUSD Pilot, Eyes $2.50 Technical Target
November 6, 2025
XRP surged 4.9% to $2.35 on Tuesday, breaking through $2.30 resistance on nearly double the usual institutional volume. The move marked the token’s largest daily gain in a week, outperforming a broadly weaker market, with traders now eyeing a push toward $2.50.
Drivers of the Move
Institutional buyers returned as broader risk assets corrected, accumulating near $2.30 after a week of consolidation. Three consecutive hourly candles above resistance on rising volume indicated a conviction-driven breakout.
Investor sentiment was bolstered by a stablecoin settlement pilot from Ripple, Mastercard, WebBank, and Gemini. Using RLUSD on the XRP Ledger, the initiative tests regulated U.S. bank settlements for fiat credit card payments. RLUSD, backed by the U.S. dollar under New York’s Trust Charter, recently surpassed $1 billion in circulation, underscoring Ripple’s enterprise use cases beyond cross-border remittances.
Technical Highlights
- Breakout confirmed above $2.30 on 164M volume
- Session high reached $2.39, support now at $2.32
- Higher highs and consolidation intact; RSI rising
- Intraday volatility: 7.4%; volume 95% above 24-hour average
- Resistance: $2.38–$2.39; near-term target: $2.50–$2.60
Traders are monitoring sustained closes above $2.35 and consistent volume to confirm further upside.
