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Key Takeaways
- Trump ETF Boost XRP surged 6% to $2.57 after inclusion in Trump’s Truth Social crypto ETF.
- Technical Breakout Broke $2.36 resistance, targeting $2.67 next with potential for $3.30-$5.00.
- Wave Rally Third wave pattern suggests momentum toward $9.81 in bullish conditions.
XRP has gained 6% in 24 hours, trading at $2.57, following its inclusion in Donald Trump’s Truth Social platform’s newly filed Crypto Blue Chip ETF. The fund tracks major cryptocurrencies including Bitcoin, Ethereum, Solana, Cronos, and XRP, marking another institutional validation for Ripple’s digital asset.
Technical Breakout Signals Fresh Rally
XRP has broken out of a major resistance zone between $2.31 and $2.36, ending weeks of sideways consolidation. This technical breakthrough suggests XRP is exiting its trading range and positioning for a stronger upward move.
Analysts identify the next resistance targets at $2.67 and beyond. The immediate hurdle sits at $2.44, with clearing this level opening the path toward $2.60-$2.65 resistance zone. Technical momentum indicators support continued bullish price action.
Should XRP face selling pressure, the former resistance zone at $2.31-$2.36 now serves as support. This level represents a crucial safety net for maintaining the current uptrend structure.
Third Wave Rally Targeting Higher Levels
XRP is currently advancing in what analysts classify as a third wave rally, typically characterized by strong momentum and significant price appreciation. This wave pattern suggests sustained buying interest and institutional accumulation.
If current momentum persists, XRP could target $3.30 in the near term, with extended targets at $5.00 and potentially $9.81 in very bullish market conditions. These projections depend on broader cryptocurrency market sentiment and continued institutional adoption.
Critical support levels remain at $2.25-$2.36. Maintaining prices above these zones would confirm the bullish trend continuation and support higher target achievement.
ETF Inclusion Drives Institutional Interest
The Trump Truth Social Crypto Blue Chip ETF filing represents significant institutional recognition for XRP. Being grouped with Bitcoin, Ethereum, and Solana positions XRP among top-tier digital assets for institutional investors.
Also Read: Trump Media Files for Dual Bitcoin-Ethereum ETF, Crypto.com Named Custodian
This development follows XRP’s recent legal clarity with the SEC, removing major regulatory uncertainty. The combination of legal resolution and institutional inclusion creates a favorable environment for continued price appreciation.
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.
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
