- XRPL activity on the chain has benefited greatly from the RLUSD Stablecoin’s high dependence.
- The XRP price has portrayed with Bitcoin in the midst of expected equivalent encryption.
After closing last week with declining expectations, the XRP price opened this week on a similar note. The Great Altcoin, with a fully diluted evaluation of about $ 214 billion and the average trading volume 24 hours a day, has decreased around 2.2 billion dollars, 6.6 percent in the past seven days, trading about $ 2.15 on Monday, May 5, during the northern American session.
Ripple Q1 2025 XRP Markets reports
According to the XRP’s Ripple report in the first quarter of 2025, Ledger XRPL recorded a 30-40 percent decrease in both the creation of a new portfolio and the size of the total transactions. However, the continuation of RLUSD’s continued increase in the total activity on the series on the LEDGER XRPL network helped.
“RLUSD has emerged as one driver for the activity on the series with the maximum market exceeding 90 million dollars and the cumulative DeX size, which exceeds $ 300 million”, the report male.
Ripple pointed out that the acquisition of Road Hidden Road during the first quarter helped expand the adoption of XRP and RLUSD. Moreover, the closure of the Ripple case has helped to attract more institutional investors, as the large number of fund managers who seek to provide ETF Spot XRP boxes.
Mid -time forecast for XRP price
As altcoin traded from above, the XRP price has largely followed the bitcoin price movement in the past few weeks. Although the price of XRP was trying to restore upward feelings in the higher time frames, the downward expectations are short -term risks for further sale.
In the 4H time frame, the price of XRP continued to integrate into a horizontal channel ranging from $ 1.9 and $ 2.9. Altcoin, which focused on the tool recently, broke out of the falling direction of falling and a rising wedge style.
However, the XRP price indicated a feeling of falling in the short term, especially after crossing the 4H-Macd line below the zero line. In addition, the 4H (RSI) relative index was a declining difference, indicating a potential sale process towards the support level above $ 2.
However, a fixed closure of a 50 -day moving average (SMA) will lead to the renewal of upward feelings about $ 3.
