U.Today is here with your top three cryptocurrency news highlights from the past 24 hours.

XRP: Is the $2 Price Point in Jeopardy?

XRP investors had a bumpy ride yesterday, March 31st, as the price took a tumble. Dropping over 5%, XRP hit lows of $2.06, raising concerns about its ability to hold onto the crucial $2 level. Currently, the 200-day EMA (Exponential Moving Average) at $1.94 is acting as a critical last line of defense. Historically, if XRP breaks below this level, things could get rocky, potentially leading to quicker price drops. Adding to the pressure, a descending triangle pattern is forming on the charts, and it’s nearing its apex. This pattern often signals a potential breakdown, suggesting the support level is weakening. Should XRP fall decisively below $2 and fail to hold above the 200 EMA, the next safety net is further down, between $1.85 and $1.80. To turn things around, XRP needs to climb back into the $2.30-$2.40 range and, crucially, close above it with strong trading volume. However, without a broader positive push in the market, it looks like it might be tough for XRP to achieve this, casting doubt on the $2 level’s future. As of now, XRP is trading at $2.12, showing a slight recovery of 1.09% in the last 24 hours, according to CoinMarketCap.

Goldman Sachs Makes Key Fed Prediction: Good News for Crypto?

Let’s turn our attention to some economic news that might interest crypto enthusiasts. According to a recent post on X (formerly Twitter) by Wu Blockchain, financial giant Goldman Sachs has revised its inflation forecast. They now predict the core PCE index (a key inflation measure) will hit 3.5% this year, up from their previous estimate of 3.0%. To counter potential impacts on economic growth and employment, Goldman Sachs anticipates the Federal Reserve to cut interest rates not once, but three times in the latter half of 2025. This prediction is bolder than the Fed’s own signals and even market expectations! Remember, Fed officials hinted at possible rate cuts *later* this year during their March meeting, not multiple cuts next year. All eyes are now on upcoming key labor market reports and a speech from Fed Chairman Jerome Powell. Analysts are eagerly watching for macroeconomic clues that could sway market direction. Historically, interest rate cuts have often given a boost to riskier assets like cryptocurrencies. The idea is that lower borrowing costs could encourage more investment in the crypto market, potentially driving up buying pressure.

Ripple’s RLUSD Outshines Major Stablecoins in Key Metric: Here’s What You Need to Know

Now, let’s talk about Ripple’s stablecoin, RLUSD, which is making waves! It recently received a shout-out from Vet, a validator on the XRP Ledger (XRPL) dUNL. In a recent post on X, Vet specifically highlighted RLUSD’s impressive performance when stacked up against other stablecoins. Vet’s post declared: “RLUSD is the most capital-efficient stablecoin in the entire crypto market currently. It boasts the highest volume-to-TVL ratio at 37%, leaving other leading stablecoins in the dust.” Looking at the numbers from CoinMarketCap yesterday, Ripple USD (RLUSD) indeed leads the pack with a ratio of 39.49%. Tether followed with 36.45%, while USDC and PayPalUSD lagged behind at 15.02% and 6.76% respectively. Since its launch in December 2024, RLUSD’s market capitalization has already skyrocketed to $243.77 million! This impressive growth even surpasses Ripple’s own internal forecasts. Ripple executive Jack McDonald previously mentioned the team’s expectation for RLUSD to break into the top five stablecoins by year’s end, a prediction that mirrors earlier comments from CEO Brad Garlinghouse.