The crypto market has experienced a significant pullback this week as most coins' weekly performance is in the red.

This drop came after days of bullish movement in the market, and was caused by fears of new tariff implementation.

The crypto market has experienced a significant pullback this week as most coins' weekly performance is displayed in the red. Such a drop came after days of bullish movement in the market, caused by fears of new tariff implementation. Today we will witness how such a policy will affect the crypto market and the XRP token's value. Till now, this policy has led to a 0.4% daily price decrease and a 12.8% weekly fall in value. As of writing this, XRP is trading at $2.11, which is 38.4% lower than its all-time high of $3.40.

Today's bullish XRP news is that a potential positive regulatory development is set to take place. This development is taking place in the USA's Congress, as representatives will be reviewing a new stablecoin bill. The stablecoin bill is said to be setting a clear regulatory framework for all matters related to stablecoins. As such, with an official clarification, RLUSD, which provides fast and efficient cross-border payments, will benefit greatly.

If this bill passes Congress and brings regulatory clarity to the Stablecoin section, it could lead to an XRP price increase. This pro-crypto bill could reenergise the community, injecting enthusiasm and creating a bullish movement. Additionally, with more clarity for RLUSD's future, we might see explosive growth in adoption and value. This, in turn, strengthens the bullish ecosystem and status, leading to a positive outlook for XRP.

Moreover, based on previous instances, when pro-crypto policies are accepted or implemented, the crypto market sees a surge. As such, this fundamental development can support a bullish XRP token price prediction.

With this potential boost in confidence and price incoming, we will provide investors with a technical analysis of the key levels to monitor in the upcoming rally. As the XRP token saw a recovery yesterday and climbed back to $2.20, which signaled renewed enthusiasm. Based on the technical signals, the recovery came from the Lower Donchian Channel at $2.02 providing support to the digital asset. The general resistance and support level for future price movements are also set by the Donchian Channel. The upper line of this channel, at $2.21, presents an immediate barrier for the bulls. Additionally, the $2.02 price point is a support, which is determined by Chanel's lower boundary.

Chart 1 – Provided by TradingView, published on TradingView, April 2, 2025.

Based on Chart 1, XRP's price movement shows a falling wedge pattern formed in the last few days. This Pattern usually is formed before a bullish reversal takes place. XRP has already broken through the upper trend line of this falling wedge. This signifies a change in price momentum from a bearish channel to a possible bullish one. As such, the current XRP price prediction is bullish with the $2.21 price level as a resistance. The projected target price for this rally is $2.50.

Currently, the RSI of the XRP token is over 46 points, which shows that bulls are taking control of the market. If the RSI goes above 50 points, the confidence in a future XRP price increase grows. XRP needs to remain above the $2.10 level to keep its bullish momentum and rally to $2.50. However, if not, it could fall to $2.02 and retest this support again.

With all that said, as the bullish XRP news highlighted, now we have the possibility of increased clarity and adoption. As such, even if we don’t see a short-term bullish movement, XRP will have a high long-term potential.