XRP Price Prediction: Strong Bullish Signal After a Big Dump of 23%! RLUSD Stablecoin Breaks $700 Million Record and CME Futures Open Interest Soars to $1 Billion.
XRP price has significantly pulled back 23% from the yearly high of $3.664, currently reported at $2.816. However, the fundamentals show strong signs of recovery: the supply of Ripple USD stablecoin (RLUSD) has surpassed $701 million, setting a new historical high, and CME XRP futures open interest has rapidly exceeded $1 billion within three months of listing. Technical analysis indicates that XRP has formed a bullish triangle flag pattern, and after the breakout, it is expected to target $3.664 (potential rise of 30%).
stablecoin ecosystem leapfrog development
According to CoinMarketCap, the supply of the RLUSD stablecoin broke the psychological barrier of $700 million on Saturday, reaching a historical peak of $701 million. This achievement is particularly impressive—compared to PayPal's PYUSD stablecoin, which only reached a scale of $1.1 billion two years after its launch. The daily trading volume of RLUSD has been steadily increasing in recent months, including significant use cases during the Bullish IPO.
The expansion of stablecoin scale creates a dual benefit for XRP price:
Significantly enhance the practical value and network effects of XRP ledger.
Increase capital circulation efficiency and usage scenarios
Lay the foundation for the potential explosion of the DeFi ecosystem
Institutional demand is showing explosive growth.
Wall Street shows astonishing demand for XRP-related products:
CME XRP futures open interest surpasses $1 billion, setting the fastest growth record for futures contracts.
Teucrium 2x Long XRP ETF (Code: XXRP) has a managed scale of $352 million, with continuous net inflows of funds every month since its establishment.
American investors' expectations for the XRP spot ETF continue to rise, and if the SEC approves it in September, it could trigger a massive influx of capital.
Technical Analysis shows a key bullish pattern
(Source: TradingView)
The daily chart shows that XRP has pulled back from its yearly high but still holds above the 100-day exponential moving average (around $2.75), indicating that the bulls are still in control. More importantly, it has formed a classic bullish triangle flag pattern:
Initial vertical rise phase (July to August increase of 58%)
Symmetrical Triangle Consolidation Zone (Current Stage)
Two trend lines are about to converge, indicating a breakthrough is imminent.
Breakthrough Prospects and Target Position Analysis
If the upper trendline of the triangle flag pattern is broken (around $3.0), the technical target is aimed at the previous high of $3.664, indicating a 30% upside potential from the current price level. After breaking this level, the next key resistance level looks towards the psychological barrier of $5, indicating a 77% potential increase from the current price level.
Risk Factors and Investment Recommendations
Risk factors to be aware of:
The overall cryptocurrency market sentiment weakening may drag down XRP's performance.
SEC approval progress is below expectations
The triangular flag pattern breaking down may test the 2.5 USD support.
Based on the current technical analysis and fundamental analysis, investors may consider:
Build long positions in batches in the range of 2.75-2.85 USD.
Add position after breaking 3.0 USD
Stop loss below 2.5 USD
The medium to long-term targets are set at 3.66 USD and 5 USD.
Market Expectations and Time Window
Analysts generally believe that September will be a key time window for XRP:
The SEC may make a decision on the spot ETF application.
CME futures open interest shows institutions are continuously positioning themselves
The expansion of the stablecoin ecosystem provides fundamental support
Technical breakout signals resonate with improvements in the fundamentals.
Conclusion
Although XRP has experienced a 23% deep pullback, the explosive growth of the stablecoin ecosystem and the surge in institutional product demand provide solid fundamental support. The record high open interest in CME futures combined with the bullish triangle pattern technical signal forms a double confirmation, making September a potential turning point. Investors should closely monitor the SEC's approval progress for the spot ETF, as well as changes in the overall cryptocurrency market sentiment. It is recommended to adopt a staggered position building strategy to seize potential rebound opportunities while setting reasonable stop-loss measures to control risks.
Disclaimer: The above content does not constitute investment advice, please be aware of the associated risks.
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XRP Price Prediction: Strong Bullish Signal After a Big Dump of 23%! RLUSD Stablecoin Breaks $700 Million Record and CME Futures Open Interest Soars to $1 Billion.
XRP price has significantly pulled back 23% from the yearly high of $3.664, currently reported at $2.816. However, the fundamentals show strong signs of recovery: the supply of Ripple USD stablecoin (RLUSD) has surpassed $701 million, setting a new historical high, and CME XRP futures open interest has rapidly exceeded $1 billion within three months of listing. Technical analysis indicates that XRP has formed a bullish triangle flag pattern, and after the breakout, it is expected to target $3.664 (potential rise of 30%).
stablecoin ecosystem leapfrog development
According to CoinMarketCap, the supply of the RLUSD stablecoin broke the psychological barrier of $700 million on Saturday, reaching a historical peak of $701 million. This achievement is particularly impressive—compared to PayPal's PYUSD stablecoin, which only reached a scale of $1.1 billion two years after its launch. The daily trading volume of RLUSD has been steadily increasing in recent months, including significant use cases during the Bullish IPO.
The expansion of stablecoin scale creates a dual benefit for XRP price:
Institutional demand is showing explosive growth.
Wall Street shows astonishing demand for XRP-related products:
Technical Analysis shows a key bullish pattern
(Source: TradingView)
The daily chart shows that XRP has pulled back from its yearly high but still holds above the 100-day exponential moving average (around $2.75), indicating that the bulls are still in control. More importantly, it has formed a classic bullish triangle flag pattern:
Breakthrough Prospects and Target Position Analysis
If the upper trendline of the triangle flag pattern is broken (around $3.0), the technical target is aimed at the previous high of $3.664, indicating a 30% upside potential from the current price level. After breaking this level, the next key resistance level looks towards the psychological barrier of $5, indicating a 77% potential increase from the current price level.
Risk Factors and Investment Recommendations
Risk factors to be aware of:
Based on the current technical analysis and fundamental analysis, investors may consider:
Market Expectations and Time Window
Analysts generally believe that September will be a key time window for XRP:
Conclusion
Although XRP has experienced a 23% deep pullback, the explosive growth of the stablecoin ecosystem and the surge in institutional product demand provide solid fundamental support. The record high open interest in CME futures combined with the bullish triangle pattern technical signal forms a double confirmation, making September a potential turning point. Investors should closely monitor the SEC's approval progress for the spot ETF, as well as changes in the overall cryptocurrency market sentiment. It is recommended to adopt a staggered position building strategy to seize potential rebound opportunities while setting reasonable stop-loss measures to control risks.
Disclaimer: The above content does not constitute investment advice, please be aware of the associated risks.