XRP Price Targets $2 as One Key Metric Flashes Bullish Signal

XRP price is sitting in a corrective pocket after one of its stronger months of the year.

That $2 target sounds ambitious given the current chart, but one metric buried in the fundamentals is giving bulls a reason to stay patient.XRP remains up roughly 31% for August despite shedding about 5% over the past week, a pullback that follows a volatile range between $1.35 and $1.55 for most of the month.

Meanwhile, RLUSD stablecoin volume on the XRP Ledger crossed $1 billion on August 30. XRPL ACTIVITY SURGES Receiving addresses briefly jumped to 926,000, while the transaction rate climbed 151%.

Meanwhile, tokenized stocks, metals and Dubai real estate are expanding on the XRPL.The RWA era is growing but we can’t yet say it caused the activity spike.