- The XRPL chain activity has considerably benefited from the growing adoption of the Stablecoin Rlusd.
- XRP Price represented a strong correlation with Bitcoin in the middle of the parabolic rally of the planned cryptography.
After finishing last week with a lower perspective, the XRP price opened this week on a similar note. The large capitalization Altcoin, with an entirely diluted assessment of around $ 214 billion and an average negotiation volume of around $ 2.2 billion, dropped 6.6% in the last seven days to exchange around $ 2.15 on Monday, May 5, during the Mid-North America session.
Rapper reports Q1 2025 XRP markets
According to the Ripple XRP Network report in the first quarter of 2025, the XRPL LEDGER recorded a 30 to 40% drop in the creation of new portfolios and the overall transaction volume. However, RUSD’s continuing adoption has contributed to increasing global activity on the chain on the XRPL Grand Book Network.
“The RUSD has become an activity engine on the chain, its market capitalization exceeding $ 90 million and the volume of cumulative Dex exceeding $ 300 million,” noted the report.
Ripple noted that the acquisition of Hidden Road in the first quarter has contributed to scale the adoption of XRP and Rlusd. In addition, the closure of the SEC VS Ripple case has contributed to attracting more institutional investors, as shown in the high number of fund managers seeking to offer ETF XRP Spot.
Half-cross expectations for the XRP price
As a high -level Altcoin, the XRP price has largely followed the price of the price of bitcoin in recent weeks. Although the XRP price has tried to find the bullish feeling within the higher deadlines, the balaage prospects have short -term risks of additional sales.
Within 4 hours, the XRP price continued to consolidate within a horizontal channel between $ 1.9 and $ 2.9. Altcoin focused on public services recently exploded with a logarithmic trend that falls and formed an upright corner model.
However, the XRP price reported a short-term lower feeling, especially after the 4h-macd line crossed below the zero line. In addition, the 4 -hour relative force index (RSI) formed a downward divergence, thus pointing out a potential sale to the level of support greater than $ 2.
However, a coherent closure above the simple 50-day mobile average (SMA) will rejuvenate the bullish feeling at $ 3.
