XRP surged 4.9% to $2.35 on Tuesday, breaking key $2.30 resistance amid strong institutional activity. The move marked the token’s largest daily gain in a week, outperforming a broadly declining market. Traders are now watching a potential push toward $2.50.
The rally was fueled by large holders accumulating near $2.30 and a technical breakout confirmed by three consecutive hourly candles on rising volume.
Momentum indicators suggest the trend remains bullish, with support now anchored at $2.32 and immediate resistance at $2.38–$2.39.
Market sentiment was further boosted by a joint pilot program from Ripple, Mastercard, WebBank, and Gemini using the RLUSD stablecoin on the XRP Ledger for credit card settlements.
The initiative represents one of the first tests by a regulated US bank to settle real-world payments directly over a public blockchain, validating Ripple’s infrastructure for enterprise use beyond cross-border transfers.
Traders are monitoring whether XRP can hold above $2.35, flip resistance into support, and maintain institutional-driven volume. Pullbacks toward $2.30 remain a risk if momentum fades, while a sustained breakout could open the path toward $2.50–$2.60.
