XRP recently reached a high of $2.6340 but faced resistance at the 50-day exponential moving average (EMA). Despite this technical hurdle, Ripple's stablecoin, RLUSD, experienced significant growth, with its market capitalization increasing to $900 million within a month and a 30-day transaction volume of $4.3 billion. Institutional interest in XRP is on the rise, as evidenced by XRP exchange-traded funds (ETFs) holding over $470 million in assets. Additionally, futures open interest for XRP has climbed to $4.4 billion, indicating strong market engagement and potential for further developments in the cryptocurrency's market dynamics.