XRP has seen a notable price recovery, staying in the green amid a wave of positive developments, including speculation about its potential addition to the US national reserve asset list. The latest buzz surrounds Ripple CEO Brad Garlinghouse joining the Trump administration’s Crypto Council, sparking renewed interest in XRP’s role in the US reserve framework. Amid these discussions, top lawyer Fred Rispoli revealed that XRP could qualify for this prestigious list if its price reaches $5—a figure that has now become a key focus of market watchers.
XRP and the US Reserve: The Road Ahead
The proposal to add XRP to the US Strategic Reserve has stirred debates, particularly against the backdrop of US states pushing forward with Bitcoin reserve initiatives. However, not all efforts align with the public’s expectations. For instance, Utah’s Blockchain and Digital Innovation Amendments bill, which many speculated would establish a Bitcoin Strategic Reserve, does not mention Bitcoin explicitly, as pointed out by Block Digital co-founder Santiago Velez.
Despite this, XRP remains at the center of reserve discussions. Rispoli’s statement that XRP could qualify for the reserve if its price hits $5 has sparked intensified debates. As of today, XRP trades around $2.39, with a 4% increase in its price and a 19% surge in trading volume, signaling a potential rally.
Can XRP Hit $5?
Market experts remain bullish on XRP’s future. Rose Premium Signals, a top market analyst, sees the recent dip as an ideal accumulation opportunity, predicting a potential rally with a price target of $4.95. He also identified key price levels, with $3.4 and $4.21 being the next resistance points.
Renowned analysts, such as EGRAG CRYPTO and Dark Defender, have pointed out crucial price levels for XRP, with the $2.67 to $2.81 range being vital for sustaining its upward momentum. However, XRP faces challenges, as bearish sentiment could threaten its progress. Experts like CasiTrades have flagged key support levels at $2.16, $1.88, and $1.53, advising traders to carefully watch these levels for signs of a potential reversal.
Also Read: XRP to $27? Analysts Eye 1500% Surge as History Sets the Stage for a Massive Rally
In conclusion, while XRP faces some critical price hurdles, the anticipation of it reaching the $5 mark for potential inclusion in the US Strategic Reserve keeps the market on edge, making it a crucial coin to watch in the coming months.
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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