Ripple XRP Price Retreats Amid Rising Demand for RLUSD Stablecoin

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 2h ago

XRP-1.638%

RLUSD-0.01%

Should l Buy XRP?

Price Decline: Ripple (XRP) has retreated for six consecutive weeks, currently trading at $1.3915, down 62% from its all-time high of $3.6590, reflecting broader market weakness.
Growing Stablecoin Demand: Demand for Ripple USD (RLUSD) stablecoin is rising as Binance completes its integration with the XRP Ledger, with RLUSD supply surpassing $1.5 billion for the first time, $1.1 billion of which is on Ethereum and the rest on XRP Ledger.
Surge in Transaction Volume: RLUSD handled over 480,000 transactions in the last 30 days, with adjusted transaction volume nearing $4.9 billion, primarily in decentralized finance, indicating its increasing market activity.
ETF Inflows Impact: XRP price may benefit from ongoing ETF inflows, with spot XRP ETFs adding over $48 million this month, surpassing Bitcoin and Ethereum, despite the overall market facing pressure.

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Technical Analysis for XRP

Technical Sentiment Analysis for XRP (XRP) As of , XRP (XRP) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for XRP stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, XRP is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

XRP (XRP) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.63	0.874	1.147	1.39	1.663	1.907	2.18
Fibonacci	0.874	1.071	1.193	1.39	1.588	1.71	1.907

About XRP

Launched in 2012, the XRP Ledger (XRPL) is an open-source, permissionless and decentralized technology. Benefits of the XRP Ledger include its low-cost ($0.0002 to transact), speed (settling transactions in 3-5 seconds), scalability (1,500 transactions per second) and inherently green attributes (carbon-neutral and energy-efficient). The XRP Ledger also features the first decentralized exchange (DEX) and custom tokenization capabilities built into the protocol. Since 2012, the XRP Ledger has been operating reliably, having closed 70 million ledgers.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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