XRP Jumps on RLUSD Surge, Breaks Key Resistance with Whale Support

XRP surged 6% over 24 hours, climbing from $2.42 to $2.57 amid growing investor confidence driven by Ripple’s RLUSD stablecoin, which recently surpassed $500 million in market cap. This milestone has strengthened bullish sentiment around the XRP-backed ecosystem, attracting institutional interest and signaling renewed momentum.

The price breakout was confirmed at 21:00 on July 10, when XRP jumped from $2.50 to $2.56 on a trading volume of 219.3 million — a 168% spike above the 24-hour average. Fresh support formed at $2.53, and consolidation above $2.54 suggests a sustained uptrend. Analysts highlight a macro breakout from a descending wedge, a pattern known for signaling explosive moves. Whale wallets now hold over 47.32 billion XRP, reinforcing strong institutional accumulation.

Regulatory optimism is also fueling the rally, with traders pricing in favorable outcomes for Ripple in the U.S. and Asia-Pacific regions. Despite a brief dip of 0.35% in the final trading hour — hinting at short-term profit-taking — the broader trend remains bullish. The next critical resistance lies between $2.70 and $2.90, with some analysts forecasting a potential move toward $5.00.

Key levels to watch include a retest of $2.53–$2.54 for bullish confirmation, while a breakdown below $2.50 could invalidate the current structure. With growing RLUSD adoption, rising whale activity, and a technically confirmed breakout, XRP’s rally is shifting from a mere chart pattern to a broader capital flow narrative — marking a pivotal moment for traders and long-term holders.