XRP’s Future Hangs in the Balance at $1.97
As the cryptocurrency market waits with bated breath, the fate of XRP hinges on its ability to hold above the critical $1.97 level. Here’s a detailed look at the latest developments and predictions surrounding this pivotal moment for XRP.
XRP Battle Hinges on $1.97
The crypto market closely watches XRP as it teeters at $1.97, a critical level where bullish and bearish sentiments clash. A decisive hold above this level could reignite upward momentum, while a breakdown may strengthen the bears. Well-known crypto analyst Grumlin Mystery predicts a further downside for XRP, potentially dropping to $1.96 in the near future.
XRP Outpaces Bitcoin in Retail-Driven Surge
XRP’s active addresses have increased by 490% since November 2022, driven by high retail demand. Technical signals suggest a rebound if XRP stays above $2.00. A new uptick in dormant supply patterns echoes previous accumulation or may indicate a short-term price decline. According to Glassnode data, Ripple ($XRP) is experiencing a significant increase in retail-driven activity, diverging from Bitcoin’s more institutional-driven rally.
Ripple’s RLUSD Stablecoin Nears $250M Market Cap
Ripple’s new stablecoin, RLUSD, has seen its market cap grow fivefold in less than a month, with nearly $300 million worth in circulation. Launched in December 2022, RLUSD aims to strengthen Ripple’s blockchain ecosystem by facilitating dollar-pegged payments. RLUSD fits into Ripple’s mission of becoming a leading cross-border payments platform. Recently, the stablecoin was listed on Kraken, a large crypto exchange. Despite this positive news, the market sold off after President Trump announced new retaliatory tariffs.
XRP Falls 3.6% but Volume Soars—Is a Bigger Move on the Horizon?
XRP eyes a breakout as Egrag forecasts April volatility with targets up to $3.00. Active XRP addresses have surged 490%, sharply outpacing Bitcoin’s 10% growth. Despite a short-term price dip, XRP sees high volume and sustained exchange outflows. Analysts predict a price breakout in the coming months, with market signals and on-chain data suggesting major changes that may influence its trajectory.
