XRP Whale Moves $60M, Eyes $2.60 Breakout; RLUSD Hits $500M

An unknown whale moved 25.49 M XRP (~$60 M) to Coinbase, sparking selling-pressure speculation. XRP has since consolidated above the $2.34 support and risen to $2.40 (+4.4% 24 h, +10.2% 7 d), with its market cap at $141.3 B as daily volume eased to $3.3 B. On-chain metrics show 6.61 M XRP holders and 2 743 wallets holding over 1 M XRP, while open interest climbs and volatility bands tighten. Technical analysis highlights bullish patterns—a symmetrical triangle, bull flag, and a recent inverse head-and-shoulders breakout above the $2.31–$2.33 neckline—pointing to Fibonacci targets at $2.456, $2.526, and $2.630, with $2.60 as the next key barrier. Meanwhile, Ripple’s RLUSD stablecoin capped a $500 M market cap in eight months, backed by BNY Mellon custody and integrations with Transak and OpenPayd, potentially boosting XRP’s long-term bullish case.