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3h ago

XRP Steadies Near $2.30 as RLUSD Surges Past $1 Billion and ETF Outcomes Remain Unclear

Traders focus on the $2.00–$2.25 support band after a monthlong slide of about 20%, with some analysts calling for a retest near $2.05.

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Xrp price sends mixed signals as key rlusd metric jumps 210%
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Overview

  • XRP is trading around $2.26–$2.34 after a roughly 20–23% monthly decline, reflecting a broader crypto pullback.
  • Artemis data show Ripple USD (RLUSD) surpassed $1 billion in supply as its adjusted 30‑day volume rose 210% to over $4 billion and transactions climbed 26% to about 480,000.
  • Ripple’s institutional push includes rebranding to Ripple Prime, acquisitions of Hidden Road and GTreasury, and an RLUSD card‑settlement trial with Gemini, Mastercard, and WebBank.
  • Technical readings are mixed, with a newly formed death cross and key resistance at $2.50–$2.80, while support near $2.00–$2.25 is in focus and a break could expose $1.61 per one analysis.
  • Spot‑XRP ETF filings by Bitwise and Canary/21Shares are moving through the process with approvals uncertain, as on‑chain signals show over 21,000 new wallets in 48 hours and short‑term whale distribution of about 500,000 XRP.