XRP Eyes $2.3 Resistance Amid Bullish Surge and Market Optimism
XRP has surged 6.2% this week, breaking through the $2.3 mark for the first time in a month as overall crypto market sentiment improves. The Fear and Greed Index, a key indicator of trader sentiment, has jumped from 15 to 52, reflecting renewed confidence among investors. Technical indicators suggest bullish breakouts above key moving averages, with analysts pointing to a potential Elliott Wave impulse driving the current momentum. Additionally, Ripple’s recent integration of its RLUSD stablecoin with AAVE marks a significant development that could further bolster XRP’s position in the market. As of April 27, 2025, XRP is poised to challenge the $2.3 resistance level, with traders closely watching for a sustained breakout.
XRP Price Surges 6.2% as Market Sentiment Improves, Eyes $2.3 Resistance
XRP has climbed 6.2% this week, breaching $2.3 for the first time in a month as crypto market sentiment rebounds. The Fear and Greed Index jumped from 15 to 52, signaling renewed confidence among traders.
Technical indicators show bullish breakouts above key moving averages, with analysts citing a potential Elliott Wave impulse driving momentum. Ripple’s recent integration of its RLUSD stablecoin with AAVE marks another strategic move to deepen DeFi liquidity.
XRP Price Could Surge to $120, Mirroring 2017 Rally, Analyst Predicts
EGRAG CRYPTO, a prominent crypto analyst, forecasts a dramatic surge for XRP, drawing parallels to its historic 2017 bull run. The digital asset could first climb to $27 before reaching $120, according to a long-term Elliott Wave analysis shared on social media platform X.
The 2017 cycle remains etched in crypto history as XRP skyrocketed from under $0.01 to an all-time high of $3.84. This meteoric rise was fueled by exchange listings, market speculation, and the broader cryptocurrency frenzy of the time.
Oregon Targets Coinbase in Sweeping Crypto Securities Lawsuit, Citing XRP and 30 Other Tokens
Oregon regulators have launched a aggressive legal assault against Coinbase, alleging the exchange facilitated trading of 31 unregistered securities—including XRP—through its retail and Prime platforms. The complaint surpasses federal enforcement actions in scope, with former SEC adviser Justin Slaughter noting its unusually broad token coverage.
State-level crypto crackdowns intensify as federal agencies pull back. Oregon’s ’kitchen sink’ approach signals a new phase of decentralized regulatory pressure on exchanges, creating compliance headaches for the industry.
Coinbase now faces simultaneous battles on multiple fronts. While the SEC’s case focused narrowly on 13 tokens, Oregon’s action demonstrates how state attorneys general may emerge as crypto’s most unpredictable regulators.
XRP Price Pullback To $2 According To Plan For Historic Breakout To $10, Analyst Says
Crypto analyst XForce asserts that XRP’s recent pullback aligns with a broader strategy for a historic rally. The altcoin’s correction, now hovering NEAR $2, is framed as a necessary consolidation before a potential surge to $10. Market observers note the deliberate pacing of this accumulation phase.
Technical analysis suggests XRP remains on track to challenge its all-time high. The asset’s measured progress, despite volatility, reflects growing institutional interest in blockchain-based payment solutions. Liquidity patterns mirror previous breakout formations seen in early 2021.
Ripple’s RLUSD Stablecoin Gains Traction on Aave, Nears $300M Market Cap
Ripple’s RLUSD stablecoin is making waves in decentralized finance, with $76 million supplied to Aave V3’s Ethereum Core market within four days of its April 21 listing. The integration enables users to earn interest through supplying and borrowing, though collateral use remains restricted.
Aave has implemented a $10 million borrow cap as a risk management measure, resulting in a 14.86% utilization rate for the new stablecoin. RLUSD’s market capitalization now approaches $300 million, according to CoinGecko data.
Launched in December 2023, Ripple anticipates RLUSD could rank among the top stablecoins by 2025. The rapid adoption on Aave—the leading DeFi liquidity protocol—signals growing institutional confidence in Ripple’s dollar-pegged asset.
Massive 57M XRP Transfer from Bitstamp to Unknown Wallet Sparks Speculation
A significant transfer of 57,304,617 XRP, valued at approximately $126.79 million, has drawn attention across the cryptocurrency market. The funds were moved from Bitstamp to an unidentified wallet, prompting speculation about long-term storage strategies, potentially involving secure hardware solutions.
Despite the magnitude of the transaction, XRP’s price showed minimal volatility, trading at $2.19 with a slight 0.79% decline over 24 hours. Market analysts are closely monitoring the anonymous wallet for further activity, given the transaction’s scale and opaque nature.
