Recent events in the crypto market have drawn attention to XRP, which is at risk of losing the $2 level, as well as to Goldman Sachs' predictions and Ripple's success with RLUSD.
XRP Situation: Risk of Falling Below $2
On March 31, XRP fell by over 5% to $2.06, increasing the risk of losing its long-standing $2 level. Its last line of defense is the 200 EMA at $1.94. If XRP fails to hold above $2 and maintain the 200 EMA, the next significant support is between $1.85 and $1.80.
Goldman Sachs' Predictions and Their Impact on Crypto
Goldman Sachs has revised its inflation forecast, expecting the PCE index to rise to 3.5% this year. The company predicts the Fed will cut interest rates three times in the second half of 2025, potentially boosting risk assets like cryptocurrencies due to lower borrowing costs.
RLUSD's Success: Ripple's New Achievements
Ripple's stablecoin RLUSD has shown strong results, being the most capital-efficient among stablecoins with a volume/TVL ratio of 37%. Since its launch in December 2024, RLUSD's market cap has surged to $243.77 million, exceeding Ripple's internal expectations.
The cryptocurrency market continues to develop actively, notably with XRP and RLUSD, while global economic predictions from Goldman Sachs could significantly impact its dynamics in the near future.
