XRP was trading at $2.20 this week and experts believe that it could reach $10 in April due to market forces. Many investors pay attention to the US Congress’ review of the stablecoin bill on April 2, which may have a huge influence on Ripple’s ecosystem.
If the bill supports Ripple’s RLUSD stablecoin, designed to enhance cross-border payments, XRP’s price could skyrocket, with some analysts forecasting it could hit $10 in April.
RLUSD can be more successful in a more defined legal framework, and the company’s leadership has been calling for more regulations to facilitate institutional adoption of cryptocurrencies. With the stablecoin bill in progress, the chances of XRP to benefit from the new legislation increases.
This price increase also comes after Ripple settling with the SEC, thus paving way for institutional acceptance. Also, the role of Ripple in payment and remittance industry can also increase the demand for XRP in the future.
In this regard, the technical analysis of Ripples is positive and therefore, the price of XRP is likely to go up. If the stablecoin bill opens the door for Ripple’s RLUSD, then XRP could be on its way to $10, and April will be a good month for investors.
Therefore, it is worth paying attention to the stablecoin bill which may become the trigger for XRP’s price increase.
Also Read: XRP Price Prediction For April 2025: What’s Next For Ripple?
