XRP Price News: Gains 5% After RLUSD Pilot, Technical Breakout Targets $2.50
XRP surged nearly 5% to $2.35 following a stablecoin settlement pilot launch involving Ripple, Mastercard, and RLUSD on the XRP Ledger.Summary
XRP rallied 4.9% to $2.35, breaking the key $2.30 resistance level on significantly increased institutional volume, marking its strongest daily gain in a week and outperforming the broader market.
This surge was fueled by news that Ripple, Mastercard, WebBank, and Gemini launched a stablecoin settlement pilot using RLUSD on the XRP Ledger to process fiat credit card payments. Traders view this pilot, which tests regulated U.S. bank settlement directly on a public blockchain, as a validation of Ripple's infrastructure beyond simple cross-border remittances.
Technically, the breakout confirmed a bullish reversal, with support now anchored at $2.32, and traders are targeting an upside move toward $2.50–$2.60, provided momentum and institutional volume remain consistent.
(Source：CoinDesk)