XRP price forecast as Ripple USD (RLUSD) volume drops

XRP price forecast as Ripple USD (RLUSD) volume drops

  • XRP
    has
    rebounded
    to
    $2.18,
    overcoming
    an
    hourly
    death
    cross
    signal.
  • The
    RLUSD
    volume
    has
    dropped
    over
    60%
    amid
    halted
    minting.
  • XRP
    is
    likely
    to
    trade
    between
    $2.15
    and
    $2.25
    in
    the
    short
    term.

The
price
of
XRP
has
shown
notable
resilience
even
as
broader
market
sentiment
remains
cautious.

As
of
press
time,
XRP
trades
at
$2.18,
reflecting
a
slight
0.2%
increase
over
the
past
24
hours.

The
cryptocurrency
rebounded
sharply
after
falling
to
$2.06
on
Thursday,
recovering
most
of
the
intraday
losses
and
closing
the
trading
session
with
signs
of
renewed
bullish
pressure.

Ripple
USD
(RLUSD)
sees
a
steep
volume
decline

While
XRP
has
been
showing
signs
of
strength,
Ripple’s
stablecoin,
Ripple
USD
(RLUSD),
has
suffered
a
sharp
drop
in
market
activity.

The
trading
volume
for
RLUSD
has
declined
by
more
than
60%,
plunging
to
around
$42
million
according
to

CoinMarketCap
data
.

According
to
market
observers,
the
decline
has
been
attributed
to
a
pause
in
minting,
as
Ripple
has
not
issued
any
new
RLUSD
tokens
in
over
41
days.
This
prolonged
halt
suggests
either
a
strategic
move
to
limit
supply
or
waning
demand
for
the
asset.

The
drop
in
volume
has
led
to
speculation
about
its
potential
impact
on
the
XRP
Ledger
ecosystem.

Some
analysts
argue
that
lower
RLUSD
activity
could
reduce
liquidity
across
decentralised
exchanges
and
decentralised
applications
built
on
the
XRPL.

Although
RLUSD
was
introduced
as
a
competitor
to
dominant
stablecoins
like
USDT
and
USDC,
the
recent
decline
hints
that
user
adoption
may
be
stalling.

However,
XRP
has
remained
relatively
insulated
from
this
downturn,
largely
due
to
its
broader
utility
in
cross-border
payments
and
remittances.

Despite
the
interconnectedness
of
the
two
assets
within

Ripple’s
ecosystem
,
XRP’s
price
dynamics
appear
to
be
decoupling
from
those
of
RLUSD.

This
separation
reinforces
the
view
that
XRP’s
valuation
is
being
driven
more
by
investor
sentiment
and
trading
activity
than
by
RLUSD’s
performance.

XRP
price
prediction

Over
the
last
seven
days,
XRP
has
hovered
within
a
tight
range
of
$2.09
to
$2.28,
suggesting
a
consolidation
phase.

Notably,
it
has
registered
a
313.9%
gain
year-on-year,
a
strong
signal
of
underlying
investor
confidence.

Despite
a
“death
cross”
formation
(the
SMA
50
went
below
the
SMA
200) on
the
hourly
chart—a
technical
pattern
typically
interpreted
as
bearish—XRP
defied
expectations
and
staged
a
reversal.

XRP
bulls,
undeterred,
successfully
defended
key
support
levels
and
ignited
a
recovery
that
coincided
with
an
over
70%
surge
in
trading
volume,
which
reached
$3.5
billion
within
24
hours.

Death cross on the hourly XRP price chart

The
strong
volume
support
underscores
that
buyer
interest
remains
active,
even
amid
mixed
technical
signals.

Looking
ahead,
XRP’s
price
outlook
presents
a
balanced
mix
of
caution
and
optimism.

On
the
hourly
chart,
the
asset
is
attempting
to
break
past
short-term
resistance
at
$2.19,
which
aligns
with
the
200-hour
simple
moving
average.

A
successful
breakout
above
this
level
could
pave
the
way
for
another
test
of
the
$2.28
zone,
which
marked
a
recent
high.

Failure
to
close
above
$2.19,
however,
may
trigger
a
pullback
toward
$2.15,
a
range
where
XRP
has
shown
stability
over
the
past
few
sessions.

On
the
daily
chart,
XRP
recently
bounced
off
the
$2.0777
support
level,
suggesting
that
bullish
sentiment
is
not
entirely
exhausted.

Although
momentum
has
slowed,
the
asset
remains
within
a
consolidation
channel
between
$2.15
and
$2.25.

Unless
sellers
gain
control,
this
range-bound
behaviour
is
expected
to
continue
in
the
short
term.

A
strong
weekly
close
above
$2.25
could
revive
hopes
for
a
push
toward
the
$2.40
level,
which
would
represent
a
fresh
local
high.

XRP price target

In
the
short
term,
as
long
as
key
support
levels
hold
and
volume
remains
elevated,
XRP
may
continue
to
trade
with
a
slight
bullish
bias
in
the
coming
days.

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