XRP Gains Traction Across the Board: RLUSD Stablecoin Expands Rapidly, a Massive $126M XRP Transfer Has Occurred

XPR is gaining traction across the board. Ripple's RLUSD stablecoin is expanding rapidly, a massive $126M XRP transfer has occurred

Key Insights:

* Major cryptocurrency XRP is gaining traction across the board, with its price action closely monitored by technical analysts.

* According to analysts, several catalysts could push XRP toward the $30 mark by 2025.

* These catalysts include the U.S. Federal Reserve’s green light for U.S. banks to conduct crypto-asset and dollar token activities.

* Additionally, Brazil’s B3 stock exchange launched the world’s first spot XRP ETF, providing greater access for institutional investors.

Direct Link: https://www.ccn.com/xrp-price-set-for-explosive-move-toward-30-by-2025-as-major-catalyst-unfold-according-to-analyst/

Major cryptocurrency XRP is showing strength as its price action continues to be closely monitored by technical analysts who see several catalysts that could push the token toward the $30 mark by 2025.

According to crypto analyst Steph is Crypto, a classic Elliott Wave pattern appears to be forming on XRP’s price chart as it’s likely moving into wave 5, which is usually the last upward thrust in the cycle.

As seen in the chart shared on Twitter, the current wave count places the last completed wave 3 at around $2, while wave 4 is making a slight retracement. If there’s still interest in the market and the momentum remains positive, the projected path for wave 5 could rally as high as $30.

The Final Count (1,2,3,4,5)

We're currently in Intermediate Wave III, which began at the lows of $0.1.

This count suggests that the last completed wave 3 is around the $2 region, and we're now in a standard 4th wave at least 38.2% from the 3rd wave.

If there's still interest in the market and we get a good 5th wave, it could reach around $30.

This analysis comes at a time when there’s been increased attention on Ripple’s ecosystem, with a recent 57,304,617 XRP transfer, valued at roughly $126.7 million, being spotted by blockchain tracking service Whale Alert.

The large transaction was seen moving from Bitstamp to an unlinked private or institutional wallet.

Usually, large-volume transactions are closely monitored, especially if they're seen leaving exchanges to go to cold wallets, as it's less likely for private keys to be compromised.

Also, if large volumes are being sold off, it could exert short-term sell pressure, but if such large volumes are seen entering into a specific wallet without any immediate outflows, it could indicate long-term holding or a decreased supply in the market.

This transfer is also noteworthy in the context of timing, as it comes at a time when there’s renewed interest in Ripple’s ecosystem, which might lead some to speculate that larger players could be accumulating the token.

Moreover, AAVE data shows that Ripple’s new stablecoin, RLUSD, had its circulating supply increase rapidly from zero to 76 million between April 21 and April 25.

The coin runs on the XRP Ledger and is expected to perform decentralized finance functions like payments, lending, and trading.

The early demand for the stablecoin is signaled by the sharp increase in just four days.

The supply growth of stablecoins can indicate increased user interest and liquidity needs, as stablecoins are often used as the base currency for transactions.

Ripple is seen as trying to compete in the wider stablecoin market through RLUSD’s expansion, which could add utility to the XRP Ledger by increasing network usage.

The faster adoption of RLUSD may also push developers and applications to build on the platform.

At the same time, Brazil’s B3 stock exchange has become the first in the world to launch XRPH11, the world’s first spot XRP ETF, which is jointly managed by Hashdex and Genial Investimentos.

The fund will invest at least 95% of its equity directly or indirectly in XRP, providing institutional investors with regulated access to the digital asset.

Together, these regulatory and financial milestones in the U.S. and Brazil enhance XRP’s credibility as a real-world utility asset and may pave the way for more widespread global adoption.