Will RLUSD’s Meteoric Rise Rescue XRP from Another $2 Plunge? The Market is Watching!

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  • Who would’ve guessed? RLUSD stablecoin adoption is dragging XRPL’s on-chain activity out of its existential crisis. Call it the hero XRP never asked for.
  • XRP price and Bitcoin: more in sync than two bureaucrats rubber-stamping paperwork. The market spectacle continues as crypto’s parabolic comedy unfolds.

Fresh from last week’s bearish masquerade, XRP greeted the new week by tripping over its own feet—again. Imagine a large-cap altcoin, dazed and staggering, with a fully diluted value of about $214 billion and an admirable average trading volume of $2.2 billion in 24 hours, wobbling down 6.6 percent in just seven days to a rather unpoetic $2.15 on the Monday midday stage of North America. Bravo! 👏

Ripple’s Q1 2025 XRP Circus—Starring Vanishing Wallets & Whirling Dollars

The latest scroll from Ripple’s report bureau (first quarter, 2025 vintage): XRPL ledger’s new wallet creation and transaction volume both vanished faster than a government allocation—down 30 to 40 percent! Enter RLUSD, our steadfast protagonist, single-handedly juicing XRPL’s activity despite all odds, like a true currency-martyr.

“RLUSD emerged as one driver of on-chain activity with its market cap surpassing $90 million and cumulative DEX volume exceeding $300 million,” the report intoned with the solemnity of a Moscow preacher discussing vodka supplies. 🍸

Ripple also dryly acknowledged gobbling up Hidden Road last quarter—because what’s crypto drama without an acquisition or two? Plus, after the grand finale of the SEC vs Ripple saga, institutional investors descended in flocks. Apparently, moolah managers now jostle to immortalize XRP on ETFs, proving once and for all that everyone loves a reformed litigant. 🧑‍⚖️

XRP’s Midterm Forecast: Will the Price Tango or Just Trip Again?

Being a top-traded altcoin means XRP keeps copying Bitcoin’s homework with the dedication of a desperate student. Recently, there have been attempts to put on bullish airs—alas, the market’s short-term mood swings leave us bracing for more liquidation slapstick.

Zooming into the four-hour chart, XRP price squats stubbornly within a horizontal corridor from $1.9 to $2.9. Recently, the altcoin broke free from the clutches of a falling logarithmic routine, only to swan-dive into a rising wedge formation. Artistic, if impractical.

But wait—the bears are back for an encore. The 4H-MACD line, that funeral march of sentiment, drifts below zero. Meanwhile, a bearish divergence in the 4H RSI suggests another thrilling selloff might be lurking, ready to drag price back towards the support plank just above $2. Applause, please! 🎭

Still, for the eternal optimists: a determined close above the 50-day SMA could startle everyone into bullish euphoria, possibly muscling the price all the way up to $3. One can dream, can’t one? 🪄

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2025-05-06 02:10