🚀 $XRP Maintain Level $2 – Technical Model Suggests Increase of 73%
After the market-wide decline, XRP quickly stabilized around the support level of $2.06, and is now showing early signals of a bullish breakout.
📊 Symmetrical Triangle Pattern Suggests Breakout
From January 16 to April 3, the daily chart of XRP formed a symmetrical triangle pattern – a technical signal for strong bullish potential.
Currently, XRP is retesting the lower trendline at $1.98 – where it had previously bounced strongly 2-3 times, opening the possibility of bouncing back if trading volume supports it.
If the price surpasses the upper trendline at $2.40 (coinciding with the 50-day SMA), the next target is $3.51 – equivalent to an increase of ~73% from the current price.
💵 RLUSD Stablecoin Accelerates – Boost for XRP?
Ripple has just integrated the RLUSD stablecoin into the Ripple Payments cross-border payment system – an important step to increase liquidity and practical application for XRP.
RLUSD was issued from December 2024, with a current market capitalization of $244 million, up 87% in just March (according to rwa.xyz).
RLUSD plays the role of maintaining price stability, while XRP serves as a fast payment bridge & high liquidity.
The RLUSD/XRP trading pairs on the XRP Ledger (XRPL) could also boost volume and reduce the circulating supply of XRP, contributing to price increases.
🔮 Price Increase Predictions from Experts
Alva: "RLUSD is a strategic move, helping to strengthen the Ripple ecosystem & increase stablecoin adoption."
Dark Defender (Elliott Wave): "XRP will finish its correction within weeks, with a medium-long term target from $5 to $18."
CasiTrades: "RSI across multiple time frames indicates a bottom has formed – the next target is $3.80."
💬 Do you think XRP will explode and reach new highs?
