The recent introduction of the RLUSD stablecoin by Ripple has played a significant role in driving up the price of XRP. RLUSD, a stablecoin pegged to the US dollar, is now being traded on various platforms, and its aim is to increase liquidity and utility on the XRP Ledger. Since its launch, the value of XRP has seen a substantial spike as investors anticipate increased demand for XRP to pay transaction fees on the XRPL. Technical indicators support the bullish case for XRP, with the RSI and MACD both indicating strong bullish momentum. Analysts predict that if XRP can clear resistance at $2.80 and $3.00, it could trigger a significant rally towards new all-time highs. Market observers are optimistic about XRP's potential to surpass $3 and have short-term targets of $5.85 and $8.76. The launch of RLUSD, along with bullish technical patterns and growing investor interest, suggests that XRP is poised for a move towards $3 and potentially beyond. However, failure to sustain above $2.41 could invalidate this bullish thesis. The sentiment around XRP has shifted positively due to President-elect Trump's pro-crypto comments and regulatory clarity surrounding RLUSD, as well as MicroStrategy's significant Bitcoin purchase.



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