Will XRP Price Rally 30% if Bulls Defend the $1.35 Support?

Key Insights:

• XRP price trades within a triangle, with $1.35 support key for bulls.
• RLUSD market cap rose above $1.55B after adding $310M in seven weeks.
• A breakout above triangle resistance could push XRP price toward $1.84.

XRP price traded near $1.38 after falling more than 2% with the broader crypto market. The token remained inside a key technical range as traders watched the $1.35 support zone and the $1.55 resistance area.

At the same time, Ripple’s RLUSD stablecoin crossed $1.55 billion in market capitalization. That growth added a fresh utility narrative while XRP continued waiting for a confirmed breakout.

XRP Price Remains Trapped in a Corrective Range

More Crypto Online said XRP price continues to move sideways while Bitcoin has already produced stronger B-wave rallies. The analyst noted that XRP’s higher-timeframe structure has not changed much. In his view, the current move still looks corrective rather than impulsive.

The chart placed XRP price within the $1.35 support and resistance range between roughly $1.22 and $1.55. As long as XRP remains inside this orange zone, the structure remains neutral to corrective. This means the market has not yet confirmed a strong trend in either direction.

From an Elliott Wave perspective, the analyst said the top altcoin may still be building a B-wave rather than starting a clean upside impulse. That view allows for another possible rally, but it does not remove downside risk. A larger C-wave decline could still target the broader support region between $0.98 and $0.48.

However, the analyst also said a temporary rally into the red resistance zone remains possible. That area sits between $1.78 and $2.87. Such a move would still fit inside a larger corrective structure before another possible drop.

RLUSD Growth Adds a Fresh XRP Catalyst

Notably, XRP’s market weakness comes as Ripple’s stablecoin, RLUSD, continues to expand. RLUSD’s market cap has moved above $1.55 billion. That marks a sharp increase from $1.24 billion on March 31, adding about $310 million in seven weeks.

This growth matters because stablecoin adoption can strengthen Ripple’s broader payment narrative. BlackRock has also said stablecoins could improve payment systems if regulations are clear. That comment adds weight to the stablecoin sector as major financial firms assess payment use cases.

Ripple is also drawing attention from institutional finance. Reports have linked JPMorgan to XRP Ledger-based treasury tokenization. Ripple has also partnered with KBank in South Korea to improve blockchain payment infrastructure.

These developments do not automatically lift XRP price. However, they support the broader utility argument behind Ripple’s ecosystem. As RLUSD grows, traders may watch whether stablecoin activity adds more demand or relevance to the XRP Ledger.

Triangle Pattern Keeps XRP Price Breakout in Focus

Short-term chart structure also showed compression on the daily timeframe. XRP price continued forming a symmetrical triangle, with buyers and sellers tightening the range.

The bullish case depends on a breakout above the triangle’s upper resistance. If confirmed, the measured move points to a possible 30% to 34% rally toward $1.84.

The key support area remains near $1.35, which aligns with the lower Bollinger Band. Holding that level keeps the breakout setup active.

A breakdown below $1.35 would weaken the structure. A deeper move below $1.22 would confirm seller control and expose XRP to lower support near $0.91.

Bollinger Band trend indicators still leaned slightly bullish despite weak momentum. Whale inflows to Binance also remained near their lowest level since 2022, suggesting large holders were not aggressively sending XRP to exchanges.

XRP Momentum Still Needs Confirmation

Momentum remains the main issue for XRP bulls. More Crypto Online warned that a strong impulsive rally would likely show sharper upside action by now.

Instead, XRP remains range-bound and continues struggling near resistance. A clean move above $1.55 would improve short-term structure and place $1.78 in focus.

Beyond that, the $1.78 to $2.87 range becomes the next major resistance zone. On the downside, failure to defend $1.35 could expose XRP to another move toward $1.22.

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