XRP News Today: XRP Price Poised for Breakout as Bullish Uses RLUSD in $1.5B IPO

XRP’s price has recently shown a bullish technical pattern that analysts suggest could signal an upward breakout. The catalyst appears to be the growing adoption of Ripple’s stablecoin, RLUSD, particularly after Bullish, a major crypto exchange backed by Peter Thiel, utilized RLUSD as part of its IPO proceeds. This move has drawn renewed attention to the XRP ecosystem, reinforcing the token’s position in cross-border settlements and stablecoin infrastructure.

Bullish disclosed that a portion of the $1.5 billion in IPO proceeds was received in RLUSD, alongside other stablecoins like USDC and PYUSD. The company emphasized the strategic value of digital assets in its financial infrastructure, stating that stablecoins represent a transformative use case for digital assets in capital markets [1]. Ripple’s RLUSD, launched in December 2023, has rapidly expanded, with its market cap surpassing $666 million and its monthly trading volume reaching $2.6 billion [1]. The stablecoin's growth has been further supported by recent regulatory developments, including the U.S. GENIUS Act, which provides a clearer legal framework for stablecoin operations [1].

The rise in RLUSD's usage has had a direct impact on XRP. As more institutions adopt RLUSD for settlement and capital-raising purposes, demand for XRP has increased, particularly in the context of Ripple’s XRP Ledger, which processes these transactions. Analysts have noted that higher stablecoin activity can lead to increased transaction fees on the XRP Ledger, which in turn accelerates the rate at which XRP is burned, potentially reducing the total supply in circulation [1].

Technical analysis of XRP’s price chart also points to a potential bullish breakout. The token has formed a cup-and-handle pattern, a well-known bullish formation that suggests continued upward movement if the price breaks above the consolidation phase. Additionally, the price has remained above key moving averages, indicating sustained support. Analysts have suggested a price target of $5.25 in a bullish scenario, though this remains speculative and contingent on broader market dynamics [1].

While XRP has experienced a recent decline, dropping 17% from its yearly high and reaching a psychological support level at $3, the long-term technical setup remains positive. A breakdown below $2.7 would invalidate the bullish case, but for now, the price remains in a consolidation phase that could lead to a strong upward move.

Ripple’s broader market influence is also evident in its recent acquisition of Rail, a stablecoin-powered global payments platform, which it says will help it offer the most comprehensive stablecoin payment solution. This move, combined with the increasing institutional adoption of RLUSD, signals a strategic shift in how Ripple is positioning itself within the global financial ecosystem.

The integration of XRP-linked assets into major financial transactions highlights a potential structural shift in how digital assets are being leveraged for capital raising and international payments. While XRP’s price trajectory remains subject to regulatory and market conditions, the growing use of RLUSD in high-profile financial events suggests a more entrenched role for XRP in institutional crypto finance.

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[1] title1: XRP price pattern points to a surge as Bullish uses RLUSD in its IPO (https://crypto.news/xrp-price-pattern-points-to-a-surge-as-bullish-uses-rlusd-in-its-ipo/)

[2] title2: Ripple's RLUSD Gains Spotlight as OCC Permits Bank– ... (https://coingape.com/ripples-rlusd-gains-spotlight-as-occ-permits-bank-stablecoin-partnerships/)

[3] title3: Gemini IPO Receives $75M Credit Line from Ripple ... (https://coincentral.com/gemini-ipo-receives-75m-credit-line-from-ripple-featuring-rlusd/)

[5] title5: Ethereum Targets $5000, XRP Eyes $10, While This New ... (https://www.mitrade.com/insights/news/live-news/article-3-1046064-20250817)

[6] title6: 5 Best Cryptos to Buy in a Market Downturn (https://coincentral.com/5-best-cryptos-to-buy-in-a-market-downturn-ethereum-solana-and-magacoin-finance-highlighted/)

[7] title7: stablecoin: News & Updates - CryptoDnes EN (https://cryptodnes.bg/en/tag/stablecoin/)