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- $XRP has rebounded to $2.18, overcoming an hourly death cross signal.
- The $RLUSD volume has dropped over 60% amid halted minting.
- $XRP is likely to trade between $2.15 and $2.25 in the short term.
The price of $XRP has shown notable resilience even as broader market sentiment remains cautious.
As of press time, $XRP trades at $2.18, reflecting a slight 0.2% increase over the past 24 hours.
The cryptocurrency rebounded sharply after falling to $2.06 on Thursday, recovering most of the intraday losses and closing the trading session with signs of renewed bullish pressure.
Ripple USD ($RLUSD) sees a steep volume decline
While $XRP has been showing signs of strength, Ripple’s stablecoin, Ripple USD ($RLUSD), has suffered a sharp drop in market activity.
The trading volume for $RLUSD has declined by more than 60%, plunging to around $42 million according to CoinMarketCap data.
According to market observers, the decline has been attributed to a pause in minting, as Ripple has not issued any new $RLUSD tokens in over 41 days. This prolonged halt suggests either a strategic move to limit supply or waning demand for the asset.
The drop in volume has led to speculation about its potential impact on the $XRP Ledger ecosystem.
Some analysts argue that lower $RLUSD activity could reduce liquidity across decentralised exchanges and decentralised applications built on the XRPL.
Although $RLUSD was introduced as a competitor to dominant stablecoins like USDT and USDC, the recent decline hints that user adoption may be stalling.
However, $XRP has remained relatively insulated from this downturn, largely due to its broader utility in cross-border payments and remittances.
Despite the interconnectedness of the two assets within Ripple’s ecosystem, $XRP’s price dynamics appear to be decoupling from those of $RLUSD.
This separation reinforces the view that $XRP’s valuation is being driven more by investor sentiment and trading activity than by $RLUSD’s performance.
$XRP price prediction
Over the last seven days, $XRP has hovered within a tight range of $2.09 to $2.28, suggesting a consolidation phase.
Notably, it has registered a 313.9% gain year-on-year, a strong signal of underlying investor confidence.
Despite a “death cross” formation (the SMA 50 went below the SMA 200) on the hourly chart—a technical pattern typically interpreted as bearish—$XRP defied expectations and staged a reversal.
$XRP bulls, undeterred, successfully defended key support levels and ignited a recovery that coincided with an over 70% surge in trading volume, which reached $3.5 billion within 24 hours.
$XRP price chart">
The strong volume support underscores that buyer interest remains active, even amid mixed technical signals.
Looking ahead, $XRP’s price outlook presents a balanced mix of caution and optimism.
On the hourly chart, the asset is attempting to break past short-term resistance at $2.19, which aligns with the 200-hour simple moving average.
A successful breakout above this level could pave the way for another test of the $2.28 zone, which marked a recent high.
Failure to close above $2.19, however, may trigger a pullback toward $2.15, a range where $XRP has shown stability over the past few sessions.
On the daily chart, $XRP recently bounced off the $2.0777 support level, suggesting that bullish sentiment is not entirely exhausted.
Although momentum has slowed, the asset remains within a consolidation channel between $2.15 and $2.25.
Unless sellers gain control, this range-bound behaviour is expected to continue in the short term.
A strong weekly close above $2.25 could revive hopes for a push toward the $2.40 level, which would represent a fresh local high.
$XRP price target">
In the short term, as long as key support levels hold and volume remains elevated, $XRP may continue to trade with a slight bullish bias in the coming days.