Crypto News
Ripple's RLUSD stablecoin has surpassed a $1.7 billion market cap, marking one of the fastest stablecoin ascents since its December 2024 launch. Despite RLUSD's expanding role in settlement activity on the XRP Ledger, analysts note that virtually none of the stablecoin's growth is translating into buy pressure on XRP itself — the two are, for now, running as separate stories.
On the price chart, XRP is grinding through a multi-week consolidation inside a symmetrical triangle on the daily timeframe. The most consequential technical zone sits between $1.40 and $1.45, where the 100-day moving average converges with the upper boundary of a long-term descending channel. A clean break above $1.45 would be a meaningful structural shift; failure to clear it keeps the range intact.
Downside support is equally defined.
TheBlock
CoinDesk