- XRP trades at 3.15 dollars, with a rounding bottom pattern eyeing a 5 dollar target.
- RLUSD volumes on Aave hit a record 54 million dollars, boosting XRP’s DeFi presence.
- RSI and bull flag pattern suggest XRP has room to rally, possibly reaching 5.90 dollars.
XRP Eyes $5 with Strong Signals
XRP’s looking hot, trading at 3.15 dollars with a 3.27 percent jump today, July 3, and folks are betting it could hit 5 dollars soon.
After peaking at 3.40 dollars in January, it dropped to 1.61 dollars by April, then chilled out until June. July saw XRP soar from 1.96 dollars to 3.66 dollars, forming a rounding bottom pattern that screams healthy recovery.
This could push XRP to 5.13 dollars, a 52 percent leap, or even 7.04 dollars if things get wild. A bull flag pattern also hints at 5.90 dollars.
The RSI shows XRP’s 40 percent July gains haven’t tired out buyers, with room to grow before hitting last December’s overbought levels. Traders are pumped, watching for a breakout as XRP’s momentum builds.
RLUSD Surge Fuels XRP Hype
Ripple’s stablecoin RLUSD is making waves in DeFi, hitting a record 54 million dollars in Aave trading volume, per Sentora.
This boost in the 140 billion dollar DeFi space lifts XRP’s vibe. Ripple’s Jack McDonald called it “explosive” on X, noting RLUSD outranks USDC and USDT.
With RLUSD’s rise and XRP’s bullish charts, August looks like a big month for XRP.
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