XRP has surged by 30% following an announcement from former U.S. President Donald Trump regarding a potential “U.S. Crypto Reserve.” The proposed reserve includes XRP, fueling investor confidence and triggering a strong rally in the altcoin market.
Investors Flock to XRP Amid Growing Optimism
Trump’s endorsement has ignited fresh buying momentum for XRP, drawing both retail and institutional investors. Despite past challenges, including regulatory scrutiny and unfavorable policies, XRP has demonstrated resilience, with its community maintaining strong faith in its long-term potential.
On-chain indicators support the bullish trend. The Price DAA Divergence (PDA) signals an upward trajectory, with an increase in active addresses reflecting rising investor interest. Additionally, the Chaikin Money Flow (CMF) indicates significant capital inflows, suggesting that buyers currently dominate the market.
However, while the MACD indicator is showing signs of slowing bullish momentum, the Relative Strength Index (RSI) remains above 50, keeping hopes alive for another leg up. If buyers sustain control, XRP could break past the $3.00 mark, with the next major target being its all-time high (ATH) of $3.40.
XRP Price Outlook: Key Levels to Watch
As of now, XRP is trading at $2.79, approaching a critical resistance level at $2.95. A breakout beyond this barrier could pave the way for a move toward $3.00 and beyond. However, if momentum fades, a short-term correction could push XRP back below $2.70 before another attempt at new highs.
Trump’s Plan Faces Controversy
While Trump’s endorsement of XRP has excited investors, it has also sparked a heated debate. Key figures in the crypto space, including Coinbase CEO Brian Armstrong and Bitwise’s Jeff Park, argue that Bitcoin should be the sole reserve asset for legitimacy. Others, such as Fred Krueger, propose a market-weighted index instead. Meanwhile, critics like Arthur Hayes question whether Trump’s plan is feasible without congressional approval.
Despite the skepticism, Trump’s backing of XRP has injected new optimism into the market. As 2025 approaches, many believe this could mark a historic turning point for XRP, setting the stage for potential long-term gains.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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