XRP holds $2 support as chart pattern hints at 73% gain
A bullish chart pattern, investors’ hope for XRP widescale adoption, and Ripple’s aim to integrate its stablecoin into traditional finance have analysts projecting a rally to new highs.
XRP (XRP) stabilized near its $2 support after today’s marketwide sell-off sent the altcoin and several other cryptocurrencies close to their swing lows.
Data now shows the XRP/USD pair exhibiting early signs of a bullish breakout.
Ripple’s integration of its RLUSD stablecoin into its cross-border payments system, Ripple Payments, could significantly boost XRP’s price by enhancing its utility and liquidity.
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