XRP price surged to $2.20 amid growing optimism over the upcoming stablecoin bill review. A breakout from a falling wedge signals bullish momentum
Ripple (XRP) Stabilises at $2 as US Congress Reviews Stablecoin Bill on April 2
The cryptocurrency market witnessed a significant recovery this week, with Ripple’s XRP rebounding 5% from a local bottom of $2 to a high of $2.20 on Tuesday.
The sharp 5% XRP price recovery comes as investors anticipate regulatory developments that could boost Ripple’s ecosystem, particularly with the US Congress set to review a new stablecoin bill on April 2.
Ripple (XRP) Price Action | XRPUSDT
The bill, expected to provide a regulatory framework for stablecoins, could play a crucial role in the adoption of Ripple’s RLUSD, a stablecoin designed to enhance liquidity and efficiency in cross-border payments.
In recent weeks, Ripple executives have consistently advocated for regulatory clarity in the stablecoin sector, arguing that well-defined rules will drive institutional adoption of digital assets.
Industry experts suggest that the official US stablecoin regulation bill could be pivotal growth driver for XRP price action in April 2025, with RLUSD positioned as a viable option for compliant on-chain settlements.
Can Regulatory Clarity Drive XRP Price Rally?
If outcome of the US Congress’ Stablecoin bill favors Ripple’s approach, XRP could experience a parabolic price surge, with some analysts predicting a climb toward the $10 mark in April.
US Congress’ Financial Services Committee publishes draft version of US Stablecoin bill on Feb 6, 2025 | Source: Financialservices.house.gov
Validating this narrative, analysts believe that XRP’s bullish momentum could intensify if the stablecoin bill provides a favorable regulatory environment for RLUSD and other crypto assets tied to Ripple’s payment solutions.
Historically, regulatory clarity has been a key driver of price surges for assets like Bitcoin and Ethereum, and a similar impact could be seen for XRP.
Another major catalyst for XRP price action it the recent closure of its long-standing legal battle with the SEC, which had hindered broader institutional adoption in previous year.
However, a pro-crypto stance from Trump’s administration, Ripple is poised to gain further traction in the payment and remittance sectors fruther expanding utility and adoption of the XRP native coin.
Meanwhile, macroeconomic factors such as increased institutional interest in digital assets and a growing demand for stablecoin-backed payments could further support XRP’s upward trajectory.
As US lawmakers finalize discussions on stablecoin regulations, Ripple’s strategic positioning in the sector could prove instrumental in driving substantial price gains for XRP in April.
XRP Price Forecast for April 2025
XRP’s recent price recovery to $2.20 on Tuesday reflects growing optimism surrounding the stablecoin bill review set for April 2.
If US Congress establishes clear regulations that favor Ripple’s RLUSD, the resulting institutional confidence and adoption could propel XRP toward the $10 mark in the coming weeks.
With regulatory clarity acting as a potential catalyst, investors will be closely monitoring the developments in Washington to gauge XRP’s next big move.
Technical indicators also align with a bullish outlook, with XRP’s price recovery to $2.20 signaling renewed buying momentum as traders anticipate regulatory clarity from the upcoming U.S. stablecoin bill review.
The chart below shows XRP price recently bounced off the lower Donchian Channel band near $2.02, confirming a strong buying support at that level.
XRP Price Forecast
The falling wedge pattern, a bullish reversal structure, formed over several days before XRP decisively broke above the upper trendline. This breakout, supported by increased trading volume, indicates a shift in momentum. XRP now targets the $2.21 resistance, with a measured move from the wedge suggesting a rally toward $2.50.
The Donchian Channel’s upper boundary at $2.21 aligns with immediate resistance, while the lower boundary at $2.02 marks key support. The RSI at 46.74 shows improving bullish momentum, recovering from oversold conditions. A move above 50 would reinforce upside strength.
If XRP sustains momentum above $2.14, the next major target is $2.50. However, failure to hold this level could see a retest of $2.02 support before another breakout attempt.
The post XRP Price Predicted to Reach $10 in April if US Congress Stablecoin Bill Promotes Ripple’s RLUSD appeared first on CoinGape.
