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

XRP ( $1.13 ) ( XRP ( $1.13 ) ) stabilized near its $2 support after today’s marketwide sell-off sent the altcoin and several other cryptocurrencies close to their swing lows.

Data now shows the XRP ( $1.13 ) /USD pair exhibiting early signs of a bullish breakout. 

Ripple’s RLUSD integration could boost XRP ( $1.13 ) price

Ripple’s integration of its RLUSD stablecoin into its cross-border payments system, Ripple Payments, could significantly boost XRP ( $1.13 ) ’s price by enhancing its utility and liquidity. 

On April 2, Ripple, the company behind XRP ( $1.13 ) , announced that it had integrated its stablecoin into the company’s cross-border payments system to boost adoption for Ripple USD (RLUSD).

RLUSD, a USD-pegged stablecoin launched in December 2024, complements XRP ( $1.13 ) by providing stability for transactions, while XRP ( $1.13 ) serves as a fast, liquid bridge currency. This dual-asset strategy targets the $230 billion cross-border payments market, and ims to increase demand for both assets. 

RLUSD’s market cap now stands at $244 million, with 87% growth in March alone, according to data from rwa.xyz. As adoption grows, financial institutions using Ripple Payments may rely more on XRP ( $1.13 ) for liquidity, especially in volatile corridors. 

Pairing RLUSD with XRP ( $1.13 ) on the XRP ( $1.13 ) Ledger ( XRP ( $1.13 ) L) and exchanges could drive trading volume and activity on XRP ( $1.13 ) L’s decentralized exchange, tightening XRP ( $1.13 ) ’s supply. 

Positive sentiment from RLUSD’s success could also lift XRP ( $1.13 ) ’s value, with analysts suggesting increased adoption might push XRP ( $1.13 ) toward $3.50 or higher.

“Ripple’s $RLUSD integration is a pivotal move for cross-border payments,” said crypto market insights provider Alva in an April 3 post on X.

As a result, “optimism around $RLUSD soaring, with eyes on its ripple effect on XRP ( $1.13 ) ,” Alva said, adding:

“Overall: A solid play for strengthening Ripple’s ecosystem and pushing stablecoin adoption forward. Get ready for potential shifts!”

Related:  How many US dollars does XRP ( $1.13 ) transfer per day?

XRP ( $1.13 ) pattern points to $3.51 target

XRP ( $1.13 ) ’s price action between Jan. 16 and April 3 has led to the formation of a symmetrical triangle pattern on the daily chart. The price is retesting the lower trendline of the triangle at $1.98, suggesting that a rebound could be in the making.

Note that the price has successfully rebounded from this trendline two to three times in the past, with each retest leading to a significant price recovery.

If a similar scenario plays out, XRP ( $1.13 ) could recover from current levels and with good volumes, it may break above the triangle’s descending trendline at $2.40 (embraced by the 50-day SMA).

The target is set by the distance between the triangle’s lowest and highest points, which would bring XRP ( $1.13 ) price to $3.51, an approximate 73% gain from the current price.

Several analysts also share similar bullish outlooks for the altcoin, citing XRP ( $1.13 ) ’s adoption, chart technicals and the end of Ripple’s long-standing case with the SEC as the reasons. 

Citing a chart similar to the one shared above, XRP ( $1.13 ) investor Steph Is Crypto said the price was “heavily compressing” before a massive breakout.

 “This breakout will create many new millionaires!”

Using Elliott Wave theory, crypto analyst Dark Defender shared an optimistic price prediction for XRP ( $1.13 ) , saying that the token’s correction in the monthly timeframe “will be over within weeks.”

His targets remain between $5 and $18 in the medium and long term.

When $1.13 ) ?src=hash&ref_src=twsrc%5Etfw"># XRP ( $1.13 ) hit $3.3999, we set a 5 Elliott Wave Structure and explained that XRP ( $1.13 ) completed the Monthly 3rd Wave and entered into correction, Wave 4.

We set the Wave 4 dip with a precision of $2.02.

B is in action; we also have precise levels for B Wave.

While everybody… pic.twitter.com/CVlrkaVged

— Dark Defender (@DefendDark) April 2, 2025

According to CasiTrades, the XRP ( $1.13 ) ’s relative strength index shows a bullish divergence on multiple timeframes and this signals a price bottom, and an upside target of $3.80.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.