XRP (XRP) Targets $1.70 Breakout as 50-Day and 200-Day MAs Near Golden Cross

XRP Sets Sights on $1.70 After Range Exit

XRP (XRP) has worked through its short-term correction and is positioning for a run at the top of its recent range, with market data placing the token near $1.537 after last week's rejection from the $1.65 area. The spot trading picture turned constructive in late August, when XRP cleared the $1.35 level and sprinted to roughly $1.70. It then spent several weeks absorbing supply inside a broad $1.35–$1.55 band — a consolidation analysts read as a solid base for the next leg of this bull market structure rather than a top.

Technical readings are aligning behind that thesis. Price now sits atop a rising 50-day moving average near $1.36 and a gently declining 200-day average around $1.35. The two curves have entered a convergence zone, meaning a sustained advance would complete a golden cross — the chart configuration in which a shorter-term average crosses above the longer-term one and historically flags trend continuation. Momentum indicators back the setup: the relative strength index holds the 60 line, short of overbought territory, leaving room for upside without overheating.

The level map is clearly drawn. The former range top at $1.45–$1.50 now functions as the key support shelf, and traders expect dip-buying to resume on any pullback while price holds above it. Conversely, a close below $1.35 would invalidate the bullish structure and open the door to a deeper correction toward the early $1.30 area — a scenario consistent with a failed breakout inside a lingering bear market for the broader altcoin market. Market participants now identify $1.65–$1.70 as the final gate before fresh local highs, and how XRP digests short-term profit-taking at that zone is shaping up as the decisive test.

RLUSD Supply Climbs to $2.49 Billion

While the chart draws the short-term roadmap, on-chain data shows the ecosystem underneath quietly compounding. Ripple's dollar-backed stablecoin RLUSD has climbed to a circulating supply of roughly $2.49 billion, a record high that represents growth of more than 86% since the start of 2026, when supply stood near $1.33 billion. The expansion is closing the gap to PayPal's PYUSD at pace: PYUSD's market cap sits near $2.73 billion, leaving RLUSD behind by only about $248 million. The two issuers are trending in opposite directions — over the past week RLUSD added roughly $112 million while PYUSD shed about $61 million. PYUSD entered 2026 at approximately $3.531 billion and peaked at $4.214 billion on March 5, but its supply has since retreated roughly 35% from that high.

The multi-chain distribution of RLUSD is growing on both fronts. Between September 21 and 28, RLUSD issued on the XRP Ledger rose from $1.036 billion to $1.099 billion, an increase of about $63 million, while the Ethereum-side supply climbed from $1.343 billion to $1.39 billion, adding roughly $49 million. Around 44% of total RLUSD supply now sits on the XRP Ledger, with the remaining 56% on Ethereum. For context, the global stablecoin market stands near $306 billion, so RLUSD's share remains modest — but Ripple has been accelerating its push to drive usage on the XRP Ledger specifically, a strategy detailed further in our coverage of Ripple's RLUSD record supply and its XRP Ledger push. Readers tracking the market in real time can follow live spot and futures prices on Gate.

Momentum and Utility Converge at $1.70

Read together, the two threads frame XRP's breakout attempt as more than a chart pattern. Our reading of on-chain records — the RLUSD supply figures above are drawn directly from ledger data — shows settlement activity on the XRP Ledger expanding even as price consolidates, giving the $1.65–$1.70 resistance test a fundamental underpinning that earlier rallies lacked. If buyers absorb profit-taking above the $1.45–$1.50 shelf and the moving-average convergence resolves upward, a completed golden cross would confirm trend strength precisely as ecosystem flows accelerate. A slip below $1.35, however, would leave both the technical and utility narratives unproven and likely trigger a retest of $1.30.