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

by | Apr 3, 2025 | Crypto | 0 comments

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XRP (XRP) has stabilized around its $2 support after it was sold across the city today, bringing Altcoin and several other cryptocurrencies close to its swing lows.

Now, the data show the XRP/USD pair, showing early signs of a bullish breakout.

Ripple’s RLUSD integration can boost XRP price

Ripple integrates its RLUSD Stablecoin into its cross-border payment system, and corrugated payments can greatly increase the price of XRP by increasing its utility and liquidity.

On April 2, Ripple, the company behind XRP, announced that it has incorporated its stablecoins into the company’s cross-border payment system to improve adoption of Ripple USD (RLUSD).

RLUSD is a stable and stable Stablecoin fixed in December 2024, which supplements XRP by providing stability to transactions, which serves as a fast liquid bridge currency. The dual asset strategy targets a $230 billion cross-border payments market, while IMS aims to increase demand for both assets.

Source: X/Ripple

RLUSD’s market cap is now $244 million, with an 87% increase in March alone, according to RWA.XYZ. As adoption grows, financial institutions using ripples payments may rely more on the liquidity of XRP, especially in volatile corridors.

Pair the RLUSD with XRP on XRP Ledger (XRPL) and can drive trading volume and activity on XRPL’s decentralized exchanges, thereby tightening the supply of XRP.

The positive sentiment of RLUSD success can also increase the value of XRP, with analysts showing that the adoption increase may push XRP to $3.50 or higher.

Cryptocurrency market insight provider Alva posted X on April 3.

As a result, Alva said, “The optimism from the left and right is soaring, and the chain reaction of the eyes to XRP.”

“In general: a solid script for strengthening a rippling ecosystem and driving stable adoption. Be prepared for potential transformation!”

Related: How many dollars does XRP transfer every day?

XRP mode points to $3.51 target

XRP’s price action between January 16 and April 3 leads to a symmetrical triangle pattern on the daily chart. The price retests the triangle’s lower trend line to $1.98, indicating a rebound can be made.

Note that past prices have successfully rebounded from the last two to three times, with each retest resulting in a large amount of price recovery.

If in a similar case, XRP can recover from current levels and recover in good quantities, it may go beyond the triangle advent trendline at $2.40 (hugged by 50-day SMA).

The goal is set by the distance between the lowest point and highest point of the triangle, which will bring the XRP price to $3.51, a gain of about 73% from the current price.

XRP/USD daily chart. Source: Cointelegraph/TradingView

Several analysts also argued similarly about Altcoin, citing the adoption of XRP, charting technology, and Ripple’s long-term case and the end of the SEC.

XRP investor Stephen, citing a chart similar to the one shared above, said prices are “significantly compressed” before a massive breakthrough.

“This kind of breakthrough will create many new millionaires!”

Using Elliott Wave theory, crypto analyst Dark Defender shared an optimistic price forecast for XRP, saying the token “will continue within a few weeks” over the monthly timeframe.

His goal is to stay between $5 and $18 between the medium and long term.

According to Casitrades, the XRP’s relative strength index shows bullish divergence over multiple time frames, marking the lowest price and an upward target of $3.80.

This article does not contain investment advice or advice. Every investment and trading move involves risks and readers should conduct their own research when making decisions.