XRP is holding firm above the $2.38 support level after a recent pullback, 
suggesting that bulls may still have control. As buying pressure builds, 
traders are watching closely for a potential breakout that could reignite 
bullish momentum in the coming sessions. Early Strength Fades After Hitting 
$2.52 Umair Crypto, in his latest market update, noted that XRP displayed 
initial strength after rebounding cleanly from the 50-day Simple Moving 
Average (SMA). The price managed to climb to around $2.52 with a solid close 
on the 4-hour chart, signaling renewed buyer interest and a potential shift in 
short-term momentum. Related Reading: XRP Price Coils Below Resistance — Bulls 
Prepare For Possible Upside Explosion However, that early optimism was short- 
lived as XRP’s upward push lost steam before even reaching the 100-day SMA. 
The failure to extend higher has started to reveal some underlying weakness in 
the chart, with bulls struggling to sustain momentum at higher levels. Umair 
emphasized that the Relative Strength Index (RSI) trendline now plays a 
crucial role in determining the next direction. A confirmed breakdown below 
this RSI trendline could lead to another lower low, effectively continuing the 
current local downtrend and reinforcing bearish sentiment in the market. For 
now, the situation remains uncertain. XRP must hold firmly above the $2.38 
support level and maintain strength along the RSI trendline. However, a 
failure to do so could expose XRP to deeper downside risks in the short term. 
Momentum Or Pause? The Decisive Moment For XRP MakroVision Research 
highlighted that XRP successfully halted its steep decline within the lower 
Golden Pocket region, between approximately $1.40 and $1.55, and has recovered 
as buying pressure resurfaced. In the short term, the firm noted that XRP is 
now approaching a key resistance range between $2.48 and $2.65. Related 
Reading: XRP Charts Telling A Tale: Q4 Setup Mirrors 2017 Bullish Breakout, 
Time To Buy? A failure to break above this zone could lead to temporary 
consolidation as the market gathers momentum for its next move. On the 
downside, the $1.96 level remains a critical support area, as losing it could 
reintroduce downside pressure. From an upside perspective, a decisive and 
sustained breakout above $2.65 could open the door for further gains toward 
$3.06. According to MakroVision Research, only a move beyond this level would 
confirm renewed bullish strength and restore clear upward momentum across the 
broader trend. In conclusion, the analyst emphasized that XRP’s precise 
targeting of the Golden Pocket and its swift recovery show that buyers are 
still active and defending key zones. However, the next major test lies in 
whether the bulls can generate enough momentum to overcome the $2.65 
resistance and set the stage for a broader rally. Featured image from Peakpx, 
chart from Tradingview.com

XRP Bounce In Sight? Bulls Hold $2.38 Support As Breakout Pressure Builds

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According to Tether executive Paolo Ardoino, the stablecoin USDT has reached 
500 million users worldwide. The figure was posted on his social feed. Based 
on reports, that user base would represent about 6.25% of the global 
population. At the same time, USDT’s circulating supply is reported to be 
roughly $182 billion. Related Reading: Bitcoin Whale Goes Big — $255M Longs 
Opened Before Trump–China Summit Tether Reports 500 Million Users The 
announcement came in a short social post from Ardoino celebrating the 
milestone. It&#8217;s the &#8220;biggest financial inclusion achievement&#8221; in history, he 
said. The company frames this as a major step for financial access, pointing 
to broad use in markets where traditional banking is limited. The method used 
to count “users” has not been made public, and the figure appears to be self- 
reported by Tether. Tether USDT reached officially 500 million users! Likely 
the biggest financial inclusion achievement in history. 
https://t.co/jbmnMDwidi — Paolo Ardoino 🤖 (@paoloardoino) October 21, 2025 Use 
Patterns In Emerging Markets In several emerging economies, market 
participants say stablecoins are used for more than trading. They are used for 
cross-border payments, local transfers, and as a quick store of value when 
local currencies fall in value. Based on reports, people and businesses often 
move money into USDT to avoid volatility in their own currencies. That 
practical use is part of why the company emphasizes the inclusion angle. 
Market Size And Supply Figures USDT’s reported $182 billion supply places it 
among the largest stablecoins in circulation. Analysts tracking on-chain data 
note that a large portion of stablecoin flows still occur on major blockchains 
and centralized exchanges. Verification And Counting Caveats The 500 million 
claim has raised questions from industry observers and some analysts. How a 
“user” is defined is unclear: It wasn&#8217;t fully disclosed in detail if it is a 
unique person, a wallet address, an account on a partner platform, or an 
aggregate of multiple identifiers. Reports emphasize that without detailed 
methodology, outside verification is limited. The number should be viewed as a 
company figure that signals scale, but not as an independently audited 
headcount. Related Reading: All It Took Was A Tweet: FLOKI Jumps 27% After 
Musk Mentions It Global Reach And Inclusion Claims Tether positions the 
milestone as a financial inclusion success. If even a portion of the 500 
million are new entrants to digital finance, that would be significant. 
Meanwhile, regulators in several jurisdictions are watching stablecoins more 
closely. That scrutiny could affect how stablecoins are used in payments and 
remittances going forward. Featured image from Unsplash, chart from 
TradingView

Cryptocurrency price in ZAR