In the midst of a digital currency market under selling pressure, Ripple (XRP) has managed to hold its $2 support. This indicates that buyers are still defending this key level, which could pave the way for a significant uptrend. One important factor that could drive XRP price higher is the integration of the stablecoin RLUSD into the Ripple payment system. Introduced in December 2024, this stablecoin acts as a complementary asset to XRP, aiming to enhance liquidity and transaction efficiency in the international payment market. With RLUSD market value now at $244 million and an 87% growth in March alone, increased adoption of this stablecoin may lead more financial institutions to use XRP as a cash asset. XRP’s daily chart shows the price forming a symmetrical triangle pattern and currently testing the lower trendline of this pattern at $1.98. This level has acted as support in the past, resulting in price growth each time. If this pattern repeats, XRP could break through its 50-day moving average at $2.40 with sufficient trading volume. In that case, the next price target would be $3.51, representing a 73% growth from the current price. Several analysts also have a positive outlook on XRP’s future. Using Elliott Wave theory, one analyst predicts that the current correction in XRP will end in the coming weeks, with price targets ranging from $5 to $18 in the medium to long term. Visit the real-time digital currency price page to monitor token and cryptocurrency prices live.
