XRP has stabilized at its $2 support level after a market-wide sell-off, showing early signs of a bullish breakout. Analysts are hopeful about XRP's future due to Ripple's integration of its RLUSD stablecoin, aiming to enhance XRP's utility in cross-border payments. With RLUSD's market cap growing significantly, its pairing with XRP may increase trading volume on the XRP Ledger and push XRP's demand higher. From January 16 to April 3, XRP has formed a symmetrical triangle pattern on the daily chart, suggesting potential for a rebound. A successful break above the triangle's descending trendline at $2.40 could push XRP to a target of approximately $3.51, reflecting a 73% gain from current levels. Analysts highlight overall positive sentiment towards Ripple's ecosystem and XRP adoption as key factors. Additionally, Elliott Wave theory supports an optimistic outlook, indicating a possible market recovery for XRP in the near future.

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