Source: Cointelegraph.com NewsXRP (XRP) stabilized near its $2 support after today\u2019s marketwide sell-off sent the altcoin and several other cryptocurrencies close to their swing lows.
\nData now shows the XRP\/USD pair exhibiting early signs of a bullish breakout.\u00a0
\nRipple\u2019s RLUSD integration could boost XRP price
\nRipple\u2019s integration of its RLUSD stablecoin into its cross-border payments system, Ripple Payments, could significantly boost XRP\u2019s price by enhancing its utility and liquidity.\u00a0
\nOn April 2, Ripple, the company behind XRP, announced that it had integrated its stablecoin into the company’s cross-border payments system to boost adoption for Ripple USD (RLUSD).
\nRLUSD, a USD-pegged stablecoin launched in December 2024, complements XRP by providing stability for transactions, while XRP serves as a fast, liquid bridge currency. This dual-asset strategy targets the $230 billion cross-border payments market, and ims to increase demand for both assets.\u00a0
\nSource: X \/ RippleRLUSD\u2019s market cap now stands at $244 million, with 87% growth in March alone, according to data from rwa.xyz. As adoption grows, financial institutions using Ripple Payments may rely more on XRP for liquidity, especially in volatile corridors.\u00a0
\nPairing RLUSD with XRP on the XRP Ledger (XRPL) and exchanges could drive trading volume and activity on XRPL\u2019s decentralized exchange, tightening XRP\u2019s supply.\u00a0
\nPositive sentiment from RLUSD\u2019s success could also lift XRP\u2019s value, with analysts suggesting increased adoption might push XRP toward $3.50 or higher.
\n\u201cRipple’s $RLUSD integration is a pivotal move for cross-border payments,\u201d said crypto market insights provider Alva in an April 3 post on X.
\nAs a result, \u201coptimism around $RLUSD soaring, with eyes on its ripple effect on XRP,\u201d Alva said, adding:
\n\u201cOverall: A solid play for strengthening Ripple’s ecosystem and pushing stablecoin adoption forward. Get ready for potential shifts!\u201d
\nRelated:\u00a0 How many US dollars does XRP transfer per day?
\nXRP pattern points to $3.51 target
\nXRP\u2019s price action between Jan. 16 and April 3 has led to the formation of a symmetrical triangle pattern on the daily chart. The price is retesting the lower trendline of the triangle at $1.98, suggesting that a rebound could be in the making.
\nNote that the price has successfully rebounded from this trendline two to three times in the past, with each retest leading to a significant price recovery.
\nIf a similar scenario plays out, XRP could recover from current levels and with good volumes, it may break above the triangle\u2019s descending trendline at $2.40 (embraced by the 50-day SMA).
\nThe target is set by the distance between the triangle\u2019s lowest and highest points, which would bring XRP price to $3.51, an approximate 73% gain from the current price.
\nXRP\/USD daily chart. Source: Cointelegraph\/TradingViewSeveral analysts also share similar bullish outlooks for the altcoin, citing XRP\u2019s adoption, chart technicals and the\u00a0end of Ripple\u2019s long-standing case\u00a0with the SEC as the reasons.\u00a0
\nCiting a chart similar to the one shared above, XRP investor Steph Is Crypto said the price was \u201cheavily compressing\u201d before a massive breakout.
\n\u00a0\u201cThis breakout will create many new millionaires!\u201d
\nUsing Elliott Wave theory, crypto analyst Dark Defender shared an optimistic price prediction for XRP, saying that the token\u2019s correction in the monthly timeframe \u201cwill be over within weeks.\u201d
\nHis targets remain between $5 and $18 in the medium and long term.<\/p>\n
When #XRP hit $3.3999, we set a 5 Elliott Wave Structure and explained that XRP completed the Monthly 3rd Wave and entered into correction, Wave 4.We set the Wave 4 dip with a precision of $2.02.B is in action; we also have precise levels for B Wave. While everybody\u2026 pic.twitter.com\/CVlrkaVged\u2014 Dark Defender (@DefendDark) April 2, 2025<\/p>\n
According to CasiTrades, the XRP\u2019s relative strength index shows a bullish divergence on multiple timeframes\u00a0and this signals a price bottom, and an upside target of $3.80. Source: Cointelegraph.com NewsXRP (XRP) stabilized near its $2 support after today\u2019s marketwide sell-off sent the altcoin and several other cryptocurrencies close to their swing lows. Data now shows the XRP\/USD… <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/126419"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=126419"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/126419\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=126419"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=126419"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=126419"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"