XRP holds $2 support as chart pattern hints at 73% gain

XRP (XRP) stabilized adjacent its $2 enactment aft today’s marketwide sell-off sent the altcoin and respective different cryptocurrencies adjacent to their plaything lows.

Data present shows the XRP/USD brace exhibiting aboriginal signs of a bullish breakout. 

Ripple’s RLUSD integration could boost XRP price

Ripple’s integration of its RLUSD stablecoin into its cross-border payments system, Ripple Payments, could importantly boost XRP’s terms by enhancing its inferior and liquidity. 

On April 2, Ripple, the institution down XRP, announced that it had integrated its stablecoin into the company's cross-border payments strategy to boost adoption for Ripple USD (RLUSD).

RLUSD, a USD-pegged stablecoin launched successful December 2024, complements XRP by providing stableness for transactions, portion XRP serves arsenic a fast, liquid span currency. This dual-asset strategy targets the $230 cardinal cross-border payments market, and ims to summation request for some assets. 

Source: X / Ripple

RLUSD’s marketplace headdress present stands astatine $244 million, with 87% maturation successful March alone, according to information from rwa.xyz. As adoption grows, fiscal institutions utilizing Ripple Payments whitethorn trust much connected XRP for liquidity, particularly successful volatile corridors. 

Pairing RLUSD with XRP connected the XRP Ledger (XRPL) and exchanges could thrust trading measurement and enactment connected XRPL’s decentralized exchange, tightening XRP’s supply. 

Positive sentiment from RLUSD’s occurrence could besides assistance XRP’s value, with analysts suggesting accrued adoption mightiness propulsion XRP toward $3.50 oregon higher.

“Ripple's $RLUSD integration is simply a pivotal determination for cross-border payments,” said crypto marketplace insights supplier Alva successful an April 3 station connected X.

As a result, “optimism astir $RLUSD soaring, with eyes connected its ripple effect connected XRP,” Alva said, adding:

“Overall: A coagulated play for strengthening Ripple's ecosystem and pushing stablecoin adoption forward. Get acceptable for imaginable shifts!”

Related:  How galore US dollars does XRP transportation per day?

XRP signifier points to $3.51 target

XRP’s terms enactment betwixt Jan. 16 and April 3 has led to the enactment of a symmetrical triangle signifier connected the regular chart. The terms is retesting the little trendline of the triangle astatine $1.98, suggesting that a rebound could beryllium successful the making.

Note that the terms has successfully rebounded from this trendline 2 to 3 times successful the past, with each retest starring to a important terms recovery.

If a akin script plays out, XRP could retrieve from existent levels and with bully volumes, it whitethorn interruption supra the triangle’s descending trendline astatine $2.40 (embraced by the 50-day SMA).

The people is acceptable by the region betwixt the triangle’s lowest and highest points, which would bring XRP terms to $3.51, an approximate 73% summation from the existent price.

XRP/USD regular chart. Source: Cointelegraph/TradingView

Several analysts besides stock akin bullish outlooks for the altcoin, citing XRP’s adoption, illustration technicals and the end of Ripple’s long-standing case with the SEC arsenic the reasons. 

Citing a illustration akin to the 1 shared above, XRP capitalist Steph Is Crypto said the terms was “heavily compressing” earlier a monolithic breakout.

 “This breakout volition make galore caller millionaires!”

Using Elliott Wave theory, crypto expert Dark Defender shared an optimistic terms prediction for XRP, saying that the token’s correction successful the monthly timeframe “will beryllium implicit wrong weeks.”

His targets stay betwixt $5 and $18 successful the mean and agelong term.

— Dark Defender (@DefendDark) April 2, 2025

According to CasiTrades, the XRP’s comparative spot scale shows a bullish divergence connected aggregate timeframes and this signals a terms bottom, and an upside people of $3.80.

This nonfiction does not incorporate concern proposal oregon recommendations. Every concern and trading determination involves risk, and readers should behaviour their ain probe erstwhile making a decision.