XRP News Today: XRP Stabilizes at $3.00, Eyes 13% Surge to $3.40 on Bullish Setup and Payroll Momentum

XRP has stabilized near the $3.00 level, forming a bullish falling wedge pattern just below its previous breakout zone, according to technical analyst Lingrid. The structure suggests a continuation pattern is in place, with a potential breakout above $3.05 expected to drive the price toward $3.40 [1]. Lingrid noted that the price has been respecting diagonal support, showing compressed consolidation that indicates a likely shift in momentum. A breakout with volume support could lead to a 13% move upward from the $3.00 level [1].

The $3.40 area, previously a resistance zone, could become a new level of price discovery if the upward movement materializes. Lingrid’s analysis points to a combination of technical structure and broader momentum factors, including ETF approval speculation, Ripple’s expanding institutional adoption, and macroeconomic easing, as potential catalysts for a continued rally [1].

Meanwhile, prominent crypto analyst Luis Del Crxpto, known as Del Crxpto, forecasts that XRP is poised to become the leading digital asset for payroll distribution in the United States. He attributes this potential to XRP’s high transaction throughput, low fees, and rapid settlement times, which are particularly well-suited for real-time wage disbursements [1].

Del Crxpto highlights that XRP’s characteristics are already enabling platforms like Coinbase, Deel, and Bitwage to offer employees the option to receive salaries in the cryptocurrency. These use cases are particularly prevalent among freelancers, remote workers, and tech companies, and could serve as a foundation for broader corporate adoption [1].

The regulatory environment is also shifting in favor of crypto-based payroll solutions. The U.S. Securities and Exchange Commission (SEC) has launched Project Crypto, which includes frameworks for tokenized payroll and crypto custody. Additionally, the White House has issued a comprehensive crypto policy report, and Congress recently passed landmark stablecoin legislation [1].

Del Crxpto argues that these developments, combined with XRP’s technical advantages and growing institutional interest, make it a strong candidate for dominance in the U.S. payroll sector [1].

The convergence of technical analysis and real-world adoption signals a pivotal moment for XRP. With Lingrid identifying a favorable setup near $3.00 and Del Crxpto envisioning XRP’s role in a new digital financial infrastructure, the cryptocurrency appears to be at a crossroads between short-term price movement and long-term utility expansion [1].

Source: [1] XRP Steadies at $3, Gears Up for $3.50 Breakout Amid Bold U.S. Payroll Power Play (https://coinpaper.com/10391/xrp-steadies-at-3-gears-up-for-3-50-breakout-amid-bold-u-s-payroll-power-play)