XRP Price Stays Strong—Can Bulls Break $2.15?
XRP is holding at $2.08 after a 13.7% up from last week’s low of $1.93. The price action has formed a textbook bull flag—usually...
Quick overview
- XRP is currently priced at $2.08, showing a 13.7% increase from last week's low of $1.93, and forming a bullish flag pattern.
- Support is at $2.08, with traders eyeing breakout targets of $2.28 and $2.35, but a key resistance at $2.15 must be cleared first.
- Ripple's recent $1.25 billion acquisition of Hidden Road aims to integrate XRP into traditional finance, enhancing its settlement capabilities.
- The RLUSD stablecoin is expanding Ripple's utility in cross-border payments, potentially increasing demand for XRP as a settlement solution.
XRP is holding at $2.08 after a 13.7% up from last week’s low of $1.93. The price action has formed a textbook bull flag—usually a continuation pattern that means more upside to come.
Support is now at $2.08 and traders are looking at $2.28 and $2.35 as potential breakout targets, in line with Fibonacci extension levels. But before any of that happens, bulls need to clear one hurdle: the $2.15 resistance zone.
Ripple’s $1.25B Hidden Road Deal Brings XRP to Wall Street
Adding to the bullish case is Ripple’s recent $1.25 billion acquisition of prime broker Hidden Road—a major player in institutional finance, clearing over $10 billion in daily transactions. The goal? To integrate the XRP Ledger (XRPL) into legacy finance systems, cutting settlement times from 24 hours to just 3–5 seconds.
This puts XRP as a serious contender for institutional-grade settlement, especially when paired with Ripple’s growing infrastructure.
RLUSD Stablecoin Adds Fuel to XRP’s Utility
Ripple’s RLUSD stablecoin, fully backed by USD deposits and cash equivalents, is already making waves. With a market cap of $244 million since its launch in December, RLUSD is now being rolled into Hidden Road’s collateral services.
This deepens Ripple’s reach into cross-border payments, bridging the gap between digital assets and traditional finance—and potentially driving demand for XRP as the backbone of fast, efficient settlements.
Technical View: Watch $2.15 for Breakout Confirmation
Right now XRP is stuck between support at $2.04 and resistance at $2.15. It briefly tested the 50-period EMA but couldn’t stay above, while the MACD just went bearish—meaning some hesitation.
Still the long term trendline is intact and a breakout above $2.15 could put $2.18 and $2.24 in play. Until then XRP is in a tight range—waiting for volume to tip the scales.
Trade Setup:
Buy Entry: Break and close above $2.15 with volume
Targets: $2.18 (initial), $2.24 (extended)
Stop Loss: Below $2.04
Alternative Entry: Buy on dip if $2.04 holds and momentum comes back
Tip: Don’t get ahead of yourself—wait for confirmation. False breakouts in crypto are common, especially around big news.
Conclusion
Ripple’s moves—Hidden Road and RLUSD—are giving XRP more utility and investor interest. But technicals still matter. Wait for a clean break above $2.15 before chasing the next leg up. Until then this is a range to respect, not a blow off top.
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