XRP is exhibiting signs of a bullish breakout after stabilizing around the $2 support level following a recent market sell-off. Analysts are optimistic about a potential rally fueled by the integration of Ripple’s RLUSD stablecoin into its cross-border payments system, which enhances XRP’s utility and liquidity. The RLUSD, a USD-pegged stablecoin launched in December 2024, has seen significant growth in market cap, reaching $244 million with an 87% rise in March alone. As XRP adopts this stablecoin strategy, demand for XRP as a bridge currency in the $230 billion cross-border payments market is expected to increase, potentially raising its price to $3.50 or higher. A technical analysis reveals a symmetrical triangle pattern in XRP's price action, indicating a rebound could lead to a target of $3.51, a 73% increase from current levels. Several analysts share this bullish outlook, and overall sentiment points towards a strengthening of Ripple's ecosystem and stablecoin adoption.

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