XRP Price Alert: $5 Rally? RLUSD Nears $700M!

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Oh no, not another crypto crash! 🙃 XRP price has taken a nosedive this week, dropping 20% from its yearly high. Because nothing says “excitement” like watching your portfolio cry into a pillow. 💸

  • XRP price has crashed by 20% from its highest level this year. 🚨 (But hey, at least it’s not a 100% crash!)
  • The Ripple USD stablecoin is nearing $700 million market cap. 🤯 (Because who needs a million when you can have 700 million?)
  • Technical analysis points to more gains, potentially to $5. 📈 (Or maybe it’s just a mirage. Who knows?)

Ripple (XRP) token was trading at $2.90 on August 21, but the ongoing stablecoin growth and bullish technicals indicate an eventual rebound to $5 and beyond. 🌟 (Or maybe it’s just a cruel joke by the market.)

Ripple USD is nearing a $700 million milestone 🎉

One potential catalyst for the XRP price is that its stablecoin growth is accelerating. CoinMarketCap data shows that Ripple USD (RLUSD) has attained a market capitalization of over $666 million, much higher than the $527 million it had in the same period last month. 🤯 (666 million? That’s not a number, that’s a curse!)

This growth has made it the third-largest stablecoin regulated in the United States, after USD Coin (USDC) and PayPal USD. The momentum will likely surge now that the US has passed the GENIUS Act. 🧠 (Because nothing says “innovation” like a law named after a cat.)

More data shows that individuals and institutions are using RLUSD. According to Artemis, the number of transactions in the last 30 days jumped to 413,000, while the transaction volume rose by 53% to $2.7 billion. 💸 (Who needs a bank when you’ve got a stablecoin?)

One of these transactions was on the recent Bullish IPO. Unlike other companies going public, Bullish opted to receive its funds using a combination of stablecoins, including RLUSD. Stablecoins are faster and more cost-effective than other options. 🚀 (Because who has time for slow, traditional banking?)

There is a likelihood that the RLUSD stablecoin will be used in the upcoming Gemini IPO. Ripple Labs recently extended a $75 million credit line to the company, in a deal that likely involved RLUSD. 💰 (Because nothing says “trust” like a $75 million loan.)

XRP price will likely benefit from the ongoing RLUSD stablecoin growth because it will lead to more activity in the XRP Ledger, attracting fees. 📈 (Because who doesn’t want to pay fees for the thrill of it?)

The other potential catalyst for the XRP price is that the SEC will likely approve the ten ETFs that have been filed by companies like Franklin Templeton and Bitwise. 🚫 (Because the SEC’s approval is as reliable as a weather forecast in a hurricane.)

XRP price technical analysis 📊

The daily timeframe chart shows that the XRP price has moved downward in the past few weeks. It has crashed from a high of $3.6553 on July 18 to the current $2.88. 📉 (Because nothing says “confidence” like a 20% drop.)

The ongoing pullback is part of the handle section of the cup-and-handle pattern whose depth is about 52%. Therefore, measuring the same distance from the cup’s upper side points to an eventual surge to above $5. 📈 (Or maybe it’s just a cruel trick by the market. Who knows?)

The bullish view is supported by the fact that it has remained above the 50-day and 100-day moving averages. 📈 (Because nothing says “bullish” like a moving average.)

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2025-08-21 19:50