Despite the recent launch of Ripple's stablecoin not significantly affecting XRP, analysts believe there are solid reasons to remain bullish on the cryptocurrency. XRP recently experienced a breakout on its monthly chart above a major resistance zone, which indicates a strong macro chart. The breakout occurred above $2, where XRP had previously struggled to maintain dominance in the past. Analysts project that XRP could reach double-digit prices in this cycle, with price targets of $5.365, $8.623, and even $10. However, XRP's gains from the announcement of the RLUSD launch have been wiped out due to Bitcoin's instability. Market participants are now looking to the potential termination of Ripple's lawsuit and the approval of XRP ETFs as catalysts for a new phase in XRP's bull run.



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