Source: Cointelegraph/TradingViewSeveral analysts also share similar bullish outlooks for the altcoin, citing XRP’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 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, 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 #XRP hit $3.3999, we set a 5 Elliott Wave Structure and explained that XRP completed the Monthly 3rd Wave and entered into correction, Wave 4.
As adoption grows, financial institutions using Ripple Payments may rely more on XRP for liquidity, especially in volatile corridors. Pairing RLUSD with XRP on the XRP Ledger (XRPL) and exchanges could drive trading volume and activity on XRPL’s decentralized exchange, tightening XRP’s supply. Positive sentiment from RLUSD’s success could also lift XRP’s value, with analysts suggesting increased adoption might push XRP 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.
Data now shows the XRP/USD pair exhibiting early signs of a bullish breakout. Ripple’s RLUSD integration could boost XRP priceRipple’s integration of its RLUSD stablecoin into its cross-border payments system, Ripple Payments, could significantly boost XRP’s price by enhancing its utility and liquidity. On April 2, Ripple, the company behind XRP, announced that it had integrated its stablecoin into the company's cross-border payments system to boost adoption for Ripple USD (RLUSD).
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Author / Journalist: Cointelegraph by Nancy Lubale
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