#cryptotradingpro $XRP Technical Analysis as $4 Breakout Looms

RLUSD’s adoption following the GENIUS Act bill is not the only factor that supports a bull run for XRP price. The technical outlook shows that the Ripple price has broken out of the upper resistance of a falling wedge pattern on the weekly chart, confirming that bulls are about to dominate the XRP market.

However, this bullish breakout will occur if $XRP can make a decisive close above the resistance line, and currently, technical indicators suggest that it is likely to occur. The RSI is tipping north and making steady highs to confirm an uptick in buying activity. Meanwhile, the AO bars have turned green again, indicating that the XRP’s bullish momentum is gaining strength.

Considering the above bullish setup, and the looming adoption of the RLUSD stablecoin after Senator Hagerty stated that the GENIUS stablecoin act will gain approval next week, the XRP price has the potential to reach $4 soon. This is achievable if RLUSD can gain high adoption and usage and possibly scoop a massive share of Tether’s USDT stablecoin.

If RLUSD reaches 50% of Tether’s $150 billion market cap, it will have a bullish impact on the XRP price. Such growth may push Ripple past $4.

The GENIUS stablecoin act will likely boost the growth of the RLUSD stablecoin. The legislation will give US-native stablecoins a competitive edge in the market.

$XRP price can reach $4 as portrayed in a falling wedge pattern. However, to achieve this, Ripple needs to make a decisive close above the falling wedge pattern.