Ripple News: Can XRP Hit $2.50 by April? RLUSD and Stablecoin Bill Say Yes!

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. 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% under its all-time high of $3.40. 

Bullish Signs for XRP: Game-Changing Bill Under Review

XRP news seems to be bullish today as 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 important to Ripple, as it has its own stablecoin named RLUSD, which benefits from this bill. This legislation will establish 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.

Stablecoin Clarity Ahead? Why This Sends XRP Soaring

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. Additionally, 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 price prediction.

Key Levels to Watch in The XRP’s Bullish Setup

With this potential boost in confidence and price incoming, we will provide investors with 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 XRP using the Lower Donchian Channel of $2.02 as support. The general resistance and support level for future price movements is also set by the  Donchian Channel. The upper line of this channel marks  $2.21 as the essential resistance. 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. 

XRP Bulls Regain Strength: Is a $2.50 Rally on the Horizon?

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.