XRP Price Primed For Explosive 73% Breakout, $2 Support Firm
The post XRP Price Primed For Explosive 73% Breakout, $2 Support Firm appeared on BitcoinEthereumNews.com.
XRP price stabilized above $2 this week, holding its key support despite a wider crypto market slump and weakening on-chain signals. Analysts now point to a bullish triangle pattern, suggesting a 73% upside if confirmed. The XRP/USD pair hovered near $2.06 on Apr. 4, up 0.6% intraday, per TradingView. The move follows a brief dip to $2.03 after a marketwide sell-off triggered by U.S. President Donald Trump’s sweeping “Liberation Day” tariffs. XRP Price Eyes Breakout Amid Triangle Compression XRP/USD price appears to be compressing within a symmetrical triangle, with a potential target of $3.55. The projected move represents a 73.77% rally from the current levels, based on the height of the formation. XRP/USD The triangle’s support line has held firm since late March, while resistance around $2.33 remains unbroken. Technical analyst Steph Is Crypto said in an Apr. 2 post that XRP is “heavily compressing” and preparing for a major breakout. Crypto trader CasiTrades echoed that view, pointing to a bullish divergence on the relative strength index (RSI). Source: Steph Is Crypto/X “XRP could bottom at $1.95 where subwaves converge,” she noted, citing Elliott Wave theory. She warned, however, that a wick down to $1.90 could invalidate the structure. RLUSD Integration Could Fuel Utility Surge Ripple announced on Apr. 2 the integration of its stablecoin Ripple USD (RLUSD) into Ripple Payments. The move aims to strengthen XRP’s utility by pairing it with RLUSD for institutional settlements. Source: X / Ripple “Ripple’s $RLUSD integration is a pivotal move for cross-border payments,” said insights firm Alva on Apr. 3 via X, adding, “Optimism around $RLUSD soaring, with eyes on its ripple effect on XRP.” Source: Alva/X Launched in Dec. 2024, RLUSD saw its market cap grow 87% in March to $244 million, according to rwa.xyz. Paired with XRP, the stablecoin supports liquidity…
Filed under: News - @ April 4, 2025 12:25 pm