XRP price currently consolidating at $2.18, with potential for 25% breakout to $2.74
CME Group plans to launch XRP futures on May 19, expanding cryptocurrency product offerings
US Federal Reserve withdraws crypto guidance for US banks, potentially benefiting Ripple’s RLUSD stablecoin
RLUSD stablecoin has grown to $294M market cap with volumes recently surging 45%
Technical analysis shows XRP in a demand zone with RSI bouncing off 50, indicating possible bullish momentum
XRP price is consolidating around $2.18 as of Friday, April 25, 2025, following mid-week gains that pushed the cryptocurrency to $2.30. The rejection from this weekly high caused XRP to briefly drop to $2.11 before making a minor recovery.
The cryptocurrency is showing signs of exhaustion ahead of the weekend. However, a reversal could be possible due to growing institutional and retail adoption.
Bulls are eyeing a potential 25% breakout based on an inverse head and shoulders pattern. This technical formation suggests a possible rise to $2.74 if the pattern completes.
CME Group Expands Crypto Offerings with XRP Futures
In a major development for XRP, CME Group announced on Thursday its plans to launch XRP futures on May 19, pending regulatory review. This move will give traders access to both a smaller 2,500 XRP contract and a larger 50,000 XRP contract.
Giovanni Vicioso, CME Group’s Global Head of Cryptocurrency Products, stated that this new investment vehicle will cater to the evolving digital asset landscape. The market has seen rising interest in XRP-linked products from both institutional and retail investors.
The XRP futures will join CME Group’s existing cryptocurrency products, which include Bitcoin futures, Ether futures, and Solana futures and options.
Earlier this week, Coinbase derivatives also launched XRP futures on Monday. These new offerings provide market participants with additional tools to manage risk and gain exposure to XRP.
The expanding futures market highlights the growing mainstream interest in XRP as an investment asset.
Federal Reserve Policy Change May Boost RLUSD Stablecoin
The US Federal Reserve has withdrawn guidance on how banks interact with crypto assets and USD-backed stablecoins. This policy change means US banks will no longer need prior approval before engaging in crypto and stablecoin activities.
According to the Fed’s statement,
“The Board will no longer expect banks to provide notification and will instead monitor banks’ crypto-asset activities through the normal supervisory process.”
This regulatory shift comes as Ripple’s RLUSD stablecoin continues to gain traction in the market. The stablecoin currently has a market capitalization of nearly $300 million.
Recent reports indicate that RLUSD volumes surged by 45% as optimism grew among traders that the new Fed policy would pave the way for adoption of US-made stablecoins.
As RLUSD gains popularity, it may benefit XRP due to increased confidence in the Ripple blockchain. Some analysts believe this could help drive XRP price higher.
Technical Analysis Points to Key Support and Resistance Levels
XRP price is currently holding above the 8-hour 100-day Exponential Moving Average (EMA) at $2.15, which serves as a key support level. Traders are watching for movement above the short-term 200 EMA resistance at $2.22 to confirm the probability of gains toward $2.74.
The Relative Strength Index (RSI) indicator sits at 55.98 but is retracing toward the midline, signaling fading bullish sentiment. If the RSI drops below the centerline, XRP price might face increased selling pressure.
According to Coinglass data, Open Interest has declined by 0.21% to $3.86 billion in the last 24 hours. This signals waning confidence among traders during the current consolidation phase.
Long liquidations have outweighed shorts, suggesting mounting bearish pressure. Over the past 24 hours, long liquidations totaled $5.63 million, compared to $1.99 million in short liquidations.
On the weekly chart, XRP has entered a demand zone where buying activity was previously concentrated. This suggests potential for a bounce if buyers step in.
If XRP bounces from this demand zone, the immediate target lies at the $2.72 resistance level. Breaking this resistance could start an uptrend past $3, potentially leading to new all-time highs.
However, the bullish scenario would be invalidated if XRP falls below the support level of $1.90.
Some analysts have even more optimistic long-term projections. Analyst BarriC believes an XRP rally to $10 could happen toward the end of 2025 as US banks and institutions increase adoption of Ripple technology.
The growing interest in RLUSD, coupled with technical indicators showing XRP in a key demand zone, suggests the cryptocurrency may be positioning for its next move as it continues to attract both institutional and retail attention.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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