RLUSD Stablecoin Launch Poised to Drive XRP Price Momentum

Ripple’s XRP is capturing renewed attention as bullish momentum builds in the wake of its legal victory over the SEC and the surging outlook for the RLUSD stablecoin.

In a significant development, analysts at TradingView are keeping a close eye on Ripple’s XRP as it's poised to garner renewed attention with bullish momentum building. Fresh perspectives from analysts at TradingView suggest that RLUSD, a stablecoin variant of XRP pegged to the US dollar, could be a pivotal trigger for the lock-up price of XRP.

As the stablecoin market is expected to reach around $2 trillion by 2028, particularly if it commands a significant market share, analysts at TradingView view RLUSD as capable of triggering ripple effects in the lock-up price of XRP. Technical indicators now signal a probable trend reversal.

As the cryptocurrency market continues to grow, there is an increasing demand for stablecoins to provide stability and liquidity. Stablecoins are cryptocurrencies that are pegged to a stable asset, such as the US dollar. This stability makes them ideal for use cases such as cross-border payments, where volatility can be a major issue.

Recently, there has been a surge in interest in stablecoins, and several new stablecoins are being launched each year. According to Standard Chartered, the stablecoin market could reach $2 trillion by 2028.

One of the biggest stablecoin launches this year will be RLUSD, a stablecoin pegged 1:1 against the US dollar and fully backed by cash and cash equivalents. RLUSD is expected to be launched on major exchanges by Ripple, aiming to secure a market share in the booming stablecoin industry.

However, Ripple leadership has cautioned that RLUSD is building for stability purposes only, not speculative ones. The idea behind pairing RLUSD with XRP is to enhance liquidity in cross-border payments, targeting institutional adoption to cement Ripple’s position in global finance.

Technically, XRP is consolidating with nearby resistance at $2.70 and support at $2.40, while volumes are healthy. Favorable regulation, including calls for a clear stablecoin framework, could expedite the adoption of RLUSD to benefit XRP in general.

If the momentum persists, analysts at TradingView predict that the XRP price could retest highs above $3.00, while the stablecoin will be one of the biggest growth drivers.

If the triple-bottom pattern at the $2.15 support level holds, and considering the RSI divergence at 08:15 UTC on April 17, 2025, signals a possible trend reversal.

Moreover, if the triple-bottom pattern at the $2.15 support level holds, and considering the RSI divergence at 08:15 UTC on April 17, 2025, signals a possible trend reversal.

Recently, there has been a surge in interest in stablecoins, and several new stablecoins are being launched each year. According to Standard Chartered, the stablecoin market could reach $2 trillion by 2028.

One of the biggest stablecoin launches this year will be RLUSD, a stablecoin pegged 1:1 against the US dollar and fully backed by cash and cash equivalents. RLUSD is expected to be launched on major exchanges by Ripple, aiming to secure a market share in the booming stablecoin industry.

However, Ripple leadership has cautioned that RLUSD is building for stability purposes only, not speculative ones. The idea behind pairing RLUSD with XRP is to enhance liquidity in cross-border payments, targeting institutional adoption to cement Ripple’s position in global finance.

Technically, XRP is consolidating with nearby resistance at $2.70 and support at $2.40, while volumes are healthy. Favorable regulation, including calls for a clear stablecoin framework, could expedite the adoption of RLUSD to benefit XRP in general.

If the momentum persists, analysts at TradingView predict that the XRP price could retest highs above $3.00, while the stablecoin will be one of the biggest growth drivers.