XRP Gains 5% After RLUSD Mastercard Pilot, Technical Breakout Targets $2.50

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 RLUSD-led institutional narrative as Mastercard tests on-chain settlements
• Volume consistency post-breakout — key for confirming fund-driven follow-through
• Pullback risk toward $2.30 if momentum fades
• ETF and regulatory updates through mid-November that could reinforce bullish flows

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