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XRP Holds Near $2.20 as RLUSD Tops $1 Billion and Big Exchange Withdrawals Mount

Traders focus on the $2.10–$2.25 support with spot‑ETF milestones approaching.

Overview

  • XRP is trading around $2.20–$2.34 after a roughly 20%–23% monthly slide, with a recent death cross contrasting with a potential double bottom near $2.18.
  • Ripple USD (RLUSD) surpassed $1 billion in supply as adjusted transaction volume rose about 210% in 30 days, according to Artemis data.
  • Ripple advanced institutional infrastructure through Ripple Prime, the acquisitions of Hidden Road and GTreasury, and a card‑settlement trial with Gemini, Mastercard and WebBank.
  • On‑chain data show more than 140 million XRP, roughly $309 million, withdrawn from exchanges, while softening long‑term holder metrics suggest mixed accumulation and distribution.
  • Spot XRP ETF filings by Bitwise, 21Shares and Canary are progressing with decisions expected this month, and analysts remain split between a retest near $2.05 and bullish fifth‑wave scenarios.