XRP Gains 5% After RLUSD Pilot, Technical Breakout Targets $2.50

XRP saw a 4.9% increase, reaching $2.35, following a launch of a stablecoin settlement pilot using RLUSD on the XRP Ledger. This marked its strongest single-day gain in a week, breaking key resistance at $2.30 with increased institutional trading volume. The pilot, involving Ripple alongside Mastercard, WebBank, and Gemini, aims to validate Ripple's technology for real-world use beyond cross-border remittances, facilitating fiat credit card payments directly on a public blockchain. Traders are optimistic, targeting $2.50 as the next significant milestone. The price resurgence indicates renewed institutional interest, and XRP shows a bullish trend with resistance now anchored at $2.38-2.39. Monitoring for consistent trading volume and potential pullbacks is essential as traders assess XRP's capability to maintain its upward momentum amid market fluctuations.

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