XRP Rallies Past $3 on RLUSD Launch and Hidden Road Deal
XRP has surged beyond $3 after breaking a $2.2–$2.3 range, spurred by bullish market sentiment around Ripple’s RLUSD stablecoin launch on XRPL and its acquisition of Hidden Road. RLUSD’s market cap has exceeded $500 million. Futures open interest in XRP has jumped 121% to $8.11 billion since June, nearing January peaks, signaling growing trader conviction. Binance liquidation data shows clusters of leveraged positions at $3.04 and $3.14, raising the potential for a short squeeze. Despite a slight pullback to $2.87, XRP faces crucial resistance at $3. A sustained break and retest above this level could pave the way toward the $3.40 all-time high and beyond. Traders should monitor regulatory developments and market momentum for potential rapid, volatile rallies.
Bullish
The combined news of XRP’s surge past $3 driven by RLUSD’s launch and Hidden Road acquisition, alongside rising open interest and leverage clusters, points to a bullish outlook. In the short term, a break above and retest of $3 could trigger a squeeze of leveraged shorts, fueling rapid upside. The increasing futures open interest and stablecoin traction reflect growing trader conviction, reducing downside risk. Over the long term, successfully overcoming resistance levels and strong fundamental developments support a sustained rally toward historical highs. Traders should remain alert for volatility but can adopt a bullish bias on XRP as catalysts reinforce positive momentum.