XRP Primed for Explosive Breakout as RLUSD Nears $500M Landmark
XRP traders are strapping in for volatility—the sleeping giant''s chart patterns suggest a major move is imminent. Meanwhile, RLUSD''s quiet ascent toward half a billion in market cap proves stablecoins aren''t just for crypto tourists parking funds between trades.
When Lambos meet ledgers
The ''boring'' corner of crypto is flexing muscle as RLUSD flirts with the $500M milestone—because nothing says ''financial revolution'' like a digitized dollar replica. XRP''s tightening price coils, however, could deliver the fireworks crypto degens crave.
Watch those trendlines. When XRP finally breaks, it won''t be subtle. And RLUSD? It''ll keep dutifully mirroring the greenback—because even in decentralized finance, everyone still wants to pretend they''re holding dollars.
XRP price analysis
The daily chart shows that XRP has remained under pressure over the past few months, falling from $3.40 in January to below $2.20.
XRP is now trading below the 50-day and 200-day Exponential Moving Averages, a sign that bears are gaining momentum.
Notably, XRP has formed a descending triangle pattern, a common continuation signal. This pattern includes a descending trendline connecting the highs since January 16 and a horizontal support level at $1.9097, which also aligns with the 50% Fibonacci retracement level.
Therefore, the token is likely to experience a bearish breakout, confirmed if it drops below support at $1.9097. Such a move WOULD increase the odds of a decline toward $1. Conversely, a break above the descending trendline would suggest further gains, potentially back to $3.40.
