Ripple (XRP) Price: Why Daily Salary Payments Could Fuel the Next Rally

TLDR

Table of Contents

XRP price holds above $2.00 despite SEC delaying altcoin ETF decisions
Ripple CEO Brad Garlinghouse proposed a new salary model enabling real-time wage payments globally
Technical analysts point to breakout potential if price surpasses $2.39 with volume confirmation
$5 price target gaining traction as utility narrative strengthens
XRP trading between $2.01 and $2.30, showing 4.2% gain over past seven days

XRP price has maintained its position above the $2.00 mark despite recent regulatory uncertainty. The U.S. Securities and Exchange Commission (SEC) postponed its decision on multiple altcoin ETFs, including those for XRP, Solana, Cardano, and Avalanche.

The initial announcement caused a brief sell-off, with XRP price dropping to a daily low of $2.30. However, the market quickly stabilized after Bloomberg analyst Eric Balchunas clarified that these delays were part of the normal review procedure, reiterating high chances of eventual approval.

We also had the SEC delay decisions on Ethereum Staking and Dogecoin ETFs today. I am expecting more delays today or at least this week on some Solana and Hedera/HBAR ETF filings. This is expected IMO. Final deadlines for most of this stuff is in October 2025 or later. https://t.co/kOZNCSjy6c
— James Seyffart (@JSeyff) April 29, 2025

Following this reassurance, XRP rebounded 1.7% to reclaim the $2.30 level.

The cryptocurrency is now trading in a range between $2.01 and $2.17, reflecting a 4.2% gain over the past seven days. This recovery signals that investors have reset their focus on XRP’s utility rather than regulatory concerns.

Innovative Payment Solution

Ripple CEO Brad Garlinghouse has sparked renewed interest in XRP’s real-world applications with his proposal for a revolutionary salary model.

“Why not get paid daily, hourly, or even by the second?” Garlinghouse asked in a statement shared by analyst “CryptoSensei.”

The concept aims to eliminate outdated friction in global payments. Garlinghouse argued that the current monthly or biweekly paycheck system exists only due to settlement delays in traditional finance.

In contrast, Ripple’s on-chain payments infrastructure could enable seamless, real-time compensation flows. With RippleNet and the XRP Ledger already facilitating low-cost, cross-border payments, this salary streaming proposal could become a core use case for XRP.

The possibility of real-time salary estimation and micro-payments positions XRP for major gains and international adoption. Market observers believe this proposal contributed to XRP’s price recovery above $2.30.

Technical Analysis Points to Potential Breakout

XRP is currently trading around $2.25, posting a daily gain of 0.53%. The asset is trading just below the Keltner Channel midline resistance of $2.39, which represents the first major hurdle for continued bullish movement.

Technical indicators show mixed signals. The Relative Strength Index (RSI) is at 68.87, approaching the overbought zone, while the RSI Moving Average has trended higher to 54.55, supporting ongoing momentum.

A bullish crossover occurred in mid-April, with the green histogram continuing to widen, suggesting sustained buyer interest. However, trading volumes remain modest at 18.58 million, indicating the current rally lacks strong accumulation support.

Key support levels include $2.17 (Keltner mid-band) and $1.96, while resistance sits at $2.39 (Keltner upper band) and the psychological threshold of $2.50.

On the hourly chart, analysts note a contracting triangle formation with support at $2.22. The price is currently trading below $2.26 and the 100-hour Simple Moving Average.

If buyers push XRP above $2.30, the next targets include $2.35 and potentially $2.42. Conversely, if the price fails to clear $2.26, it could decline toward supports at $2.22, $2.20, and $2.16.

The $5 price target is gaining traction as both technical patterns and fundamental developments align. If Ripple successfully implements real-world applications of micro-wage payments via XRP, the token could evolve from a speculative asset into a core financial utility.

For this scenario to materialize, several conditions must be met: regulatory clarity in the U.S. and Europe, progress on stablecoin legislation, sustained partnerships with enterprise clients, and continued growth in on-chain settlement volume.

While the $5 target remains speculative in the short term, the combination of technical momentum and growing utility narratives creates a compelling outlook for XRP’s future.

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