XRP holds $2 support as chart pattern hints at 73% gain
XRP has stabilized around the $2 support level following a market-wide sell-off. Analysts see early signs of a bullish breakout, particularly with Ripple's integration of its RLUSD stablecoin into its cross-border payments system, which is expected to enhance XRP's utility and liquidity. Launched in December 2024, RLUSD aims to boost adoption and facilitate stability in transactions, targeting the $230 billion cross-border payments market. Analysts suggest this dual-asset strategy could drive demand for both XRP and its stablecoin, potentially lifting XRP to $3.50 or higher. Additionally, XRP's chart shows a symmetrical triangle pattern that may lead to a price recovery and significant gains, with a potential target of $3.51, representing a 73% increase from current levels. Positive sentiment surrounding RLUSD's success could further enhance XRP's value, making it a focus for investors looking for growth in the cryptocurrency space.
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