XRP News Today: XRP Holds Above $2.34, Eyes $2.65 Breakout Amid Bullish Sentiment

XRP, the cryptocurrency associated with Ripple, is currently maintaining support above $2.34, with traders anticipating a breakout toward $2.65. This move would mark the upper bound of a consolidation range that has held since December 2024, a period that has seen steady accumulation despite waning retail interest.

Arthur Azizov, founder of B2 Ventures, noted that if XRP continues to hold above current levels, it is likely to move toward a new local high around $2.65. He further stated that since XRP has been in accumulation for quite a long time, the outlook remains positive. According to the analyst's forecast, a clean breakout from the range could push the token toward the $4–$6 zone.

This view is supported by other technical analysts who have identified multiple bullish formations, including a symmetrical triangle and bull flag, which support the case for a $2.60–$2.65 retest. If these levels are broken, they could act as a springboard for a move toward multi-year highs.

Sentiment has been bolstered by growing open interest in XRP derivatives, tightening volatility bands, and apparent whale accumulation. Meanwhile, Ripple’s stablecoin RLUSD crossed a $500 million market cap, less than eight months after its launch. The dollar-backed token now ranks among the top 20 stablecoins globally, backed by custody from BNY Mellon and integrated across platforms like Transak and OpenPayd.