Image by WorldSpectrum from Pixabay 

Ripple with ticker XRPUSD hit all-time highs for the final blue wave V as expected, so we should be aware of limited upside this year. However, despite recent slowdown, which we see it as an ABC correction within red subwave (IV), there can still be room for another rally this year, at least up to 4-5 area to complete final subwave (V) of V of an impulse on a daily chart.

(Click on image to enlarge)

XRPUSD Daily Chart

Why XRP Is higher?

The reason for this push higher on Ripple, which has been outperforming in the last few weeks, is the upcoming launch of Ripple USD (RLUSD). Ripple USD (RLUSD) is a new stablecoin aimed at bridging blockchain and traditional finance. "Designed for enterprise use, RLUSD focuses on stability, efficiency, and transparency, enhancing Ripple’s cross-border payments and meeting the demand for USD transactions".

For a detailed view and more analysis like this, you may want to watch below our latest recording of a live webinar streamed on April 07 2025:

More By This Author:

USDCAD Completes A Correction Within An Uptrend
EURUSD Is Eyeing 2023 Highs
Cable Is Trading Impulsively Higher