XRP Rockets 10% on RLUSD Launch as Analysts Predict $5 Rally Is Just the Start

XRP has rallied 10% in 24 hours after RLUSD's launch sparked a wave of bullish sentiment. Analysts suggest this surge could be the start of a bigger rally, projecting XRP may reach $5 by targeting new resistance levels.

RLUSD Launch Sparks 10% Surge in XRP Price

As a result of positive fundamentals like the RLUSD introduction, the price of XRP has increased by more than 10% in the past day. According to CoinGape, the RLUSD stablecoin was launched today, which caused a positive mood in the XRP community.

Given the anticipated influx of capital into the XRP ecosystem, the creation of this stablecoin bodes well for the future of the coin. The RLUSD debut is very optimistic, according to crypto expert Egrag Crypto, who noted it in an X article.

Stablecoins Present Major Growth Potential for XRP

According to the expert, stablecoins as a whole still have a market valuation of over $200 billion. He sees tremendous expansion possibilities here, with XRP's links to the stablecoin positioning it to play a pivotal role.

In the wake of the RLUSD debut and the subsequent spike in the price of XRP, crypto experts have expressed optimism about the future of the cryptocurrency. According to seasoned trader Peter Brandt, XRP seems to be working through a half-mast flag.

Analysts Predict XRP Could Hit $5 in 2025

If that's the case, the trader elaborated by saying that ascending into the flag's tip should be equivalent to the distance to the upside.

At the same time, crypto analyst MikyBULL Crypto predicted that XRP will trade above $5 in 2025 due to its extremely bullish and tidy chart. The new ATH for XRP would be reached if the price were to rally to that level.

XRP Breaks Key Resistances as Wave 3 Momentum Builds

According to cryptocurrency expert CasiTrades, the energy for the Wave 3 impulsive move is building. With volume and the Relative Strength Index (RSI) reaching "extremely high levels," the analyst also disclosed that XRP has broken through many local resistances, providing more evidence of this rising trend.

This Wave 3 has not yet hit its final target, therefore there is still lots of room to go, according to CasiTrades. Wave 3, which broke its own five waves, is the biggest wave of the cycle, she claims.

Fibonacci Levels Signal Critical XRP Price Targets

The 1.618 extension is the industry standard for XRP, but it has the potential to go even further, to 2.618, 3.618, 4.618, or perhaps higher.

The crypto researcher used Fibonacci extension levels to highlight the important levels to watch for Wave 3. At 1.618 Fib, the price of XRP is $3.23. At 2.618, $3.81, $4.40, and $4.98, respectively.

Turning the All-Time High Into Support Could Be Game-Changing for XRP

According to the expert, XRP's all-time high (ATH) is $3.80, and these levels will test it. Nevertheless, the "major turning point" occurs when the ATH is not only penetrated but also solidified as a support level, Coingape shares.

The "explosive move" that XRP's market players have been expecting might happen if the cryptocurrency swiftly turns its ATH into support, according to CasiTrades.