{"id":2848,"date":"2025-06-13T14:52:04","date_gmt":"2025-06-13T14:52:04","guid":{"rendered":"https:\/\/bitunikey.com\/news\/xrp-price-nears-big-move-as-rlusd-flirts-with-500m-milestone\/"},"modified":"2025-06-13T14:52:05","modified_gmt":"2025-06-13T14:52:05","slug":"xrp-price-nears-big-move-as-rlusd-flirts-with-500m-milestone","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/xrp-price-nears-big-move-as-rlusd-flirts-with-500m-milestone\/","title":{"rendered":"XRP price nears big move as RLUSD flirts with $500m milestone"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">XRP price retreated for the fourth consecutive day as the crypto market crash continued.<\/p>\n<p>Ripple (XRP) dropped to a low of $2.0715 on Friday, June 13, down 11% from its highest point this week and 36% below its peak earlier this year.<\/p>\n<p>The token declined even as the XRP Ledger network continued to grow following Circle\u2019s expansion of USD Coin (USDC) to the network. Data on Circle\u2019s <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.circle.com\/multi-chain-usdc\/xrpl\" target=\"_blank\">website<\/a> shows that the total supply of USDC on XRP Ledger has jumped to over $2 million since its incorporation.<\/p>\n<p>XRP price also dropped even as Ondo Finance (ONDO) expanded its tokenized treasuries to the ledger through a partnership with Guggenheim Partners, a company with almost $350 billion in assets.\u00a0<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Meanwhile, the Ripple USD (RLUSD) stablecoin has continued to grow. Its market cap has climbed to $413 million, up from $309 million on June 1. If this trend continues, it could reach $500 million by the end of this month or in July.<\/p>\n<p>Another bullish catalyst is the rising odds that the U.S. Securities and Exchange Commission will approve a spot XRP exchange-traded fund. Current estimates place the likelihood at 90%. This is notable as the agency faces a June 16 deadline to rule on Franklin Templeton\u2019s ETF application. Odds are that the SEC will postpone the decision, potentially to October.<\/p>\n<h2 class=\"wp-block-heading\">XRP price analysis<\/h2>\n<figure class=\"wp-block-image size-full\"><picture loading=\"lazy\" decoding=\"async\" class=\"wp-image-14388597\"><source type=\"image\/webp\" ><\/source><\/p>\n<\/picture><figcaption class=\"wp-element-caption\">XRP price chart | Source: crypto.news<\/figcaption><\/figure>\n<p>The daily chart shows that XRP has remained under pressure over the past few months, falling from $3.40 in January to below $2.20.<\/p>\n<p>XRP is now trading below the 50-day and 200-day Exponential Moving Averages, a sign that bears are gaining momentum.<\/p>\n<p>Notably, XRP has formed a descending triangle pattern, a common continuation signal. This pattern includes a descending trendline connecting the highs since January 16 and a horizontal support level at $1.9097, which also aligns with the 50% Fibonacci retracement level.<\/p>\n<p>Therefore, the token is likely to experience a bearish breakout, confirmed if it drops below support at $1.9097. Such a move would increase the odds of a decline toward $1. Conversely, a break above the descending trendline would suggest further gains, potentially back to $3.40.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>XRP price retreated for the fourth consecutive day as the crypto market crash continued. Ripple (XRP) dropped to a low of $2.0715 on Friday, June 13, down 11% from its&hellip;<\/p>\n","protected":false},"author":1,"featured_media":252,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2848","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/2848","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=2848"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/2848\/revisions"}],"predecessor-version":[{"id":2849,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/2848\/revisions\/2849"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/252"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=2848"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=2848"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=2848"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}