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 cryptocurrency market is showing signs of recovery this week, with Ripple’s XRP rebounding 5% from a local bottom of $2 to a high of $2.20 on Tuesday.

Among the key catalysts for the sharp 5% XRP price recovery is the upcoming U.S. Congress review of a new stablecoin bill on April 2.

The bill, which is expected to provide a regulatory framework for stablecoins, could bode well for 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 U.S. stablecoin regulation bill could be a pivotal growth driver for XRP price action in April 2025, positioning RLUSD as a viable option for compliant on-chain settlements.

Can Regulatory Clarity Drive XRP Price Rally?

If the outcome of the U.S. 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.

To put this narrative in perspective, the chart below highlights a potential bullish scenario, showcasing a decisive breakout from a falling wedge pattern, a move that could be catalyzed by the stablecoin bill on April 2.

Chart: Trading View

This analysis suggests that XRP’s bullish momentum could increase 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 is the recent closure of its long-standing legal battle with the SEC, which had hindered broader institutional adoption in previous years.

However, a pro-crypto stance from Trump’s administration and the pending closure of the SEC case could see Ripple gain further traction in the payment and remittance sectors, expanding the utility and adoption of its native XRP token.

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 U.S. 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 is fueled by optimism surrounding the stablecoin bill, which is expected to be reviewed by U.S. Congress on April 2.

If the Congress manages to establish clear regulations that favor Ripple’s approach and streamline the use of its stablecoin, RLUSD, we could see institutional confidence and usage surging, potentially pushing XRP toward the $10 mark in the coming weeks.

With regulatory clarity emerging as a potential catalyst, investors will be keeping a close eye on developments in Washington to gauge XRP’s next big move.

In terms of technical analysis, XRP’s price recovery to $2.20 on Tuesday signals 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.

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.

Frequently Asked Questions (FAQs)

1. What is driving XRP’s recent price rally?

2. How does the falling wedge pattern affect XRP price?

3. Can XRP reach $10 in April 2025?

The above is the detailed content of Ripple (XRP) Stabilises at $2 as US Congress Reviews Stablecoin Bill on April 2. For more information, please follow other related articles on the PHP Chinese website!