Ripple XRP News – XRP Announced as Part of the U.S. Strategic Crypto Reserve
The post Ripple XRP News – XRP Announced as Part of the U.S. Strategic Crypto Reserve appeared on BitcoinEthereumNews.com.
Ripple’s XRP jumped 31% on Sunday when President Trump announced a U.S. Crypto Strategic Reserve that will include XRP. This move marks a pivotal moment for XRP, potentially setting the stage for huge further gains. The fact that Ripple’s XRP is officially part of a U.S. Crypto Strategic Reserve takes the risk out of XRP and opens it up for new investors. It means that the many XRP Spot ETF applications will be approved later in 2025. However, as market dynamics continue to evolve, investors are closely monitoring both bullish and bearish factors that could influence XRP’s trajectory in the coming weeks. Trump’s announcement of the U.S. Crypto Strategic Reserve containing XRP, Source: X Breaking Barriers: The Significance of $2.25 The $2.25 level represents both psychological and technical resistance for XRP. The resistance has long been the driver of market sentiment, leading to either prolonged breakouts or reversals. With XRP having broken through this level with immense strength, the bulls appear to be gaining ground. The bullish breakout of the $2.25 level is seen as the end of XRP’s recent consolidation. Source: CryptoColugo on TradingView Technical indicators provide support to the bullish outlook. The Relative Strength Index (RSI) is at the 55 level, a significant level that, if breached, would initiate further buying pressure. Analysts point out that maintaining a position above $2.25 could lay the groundwork for XRP to test the next major levels of resistance near $3.40. “Bouncing above $2.25 would be a very good indication that the bulls are returning,” a market analyst commented. “If the breakout succeeds, then we may see XRP looking to reach its highs beforehand, the next big one being $3.” Whale Moves: A Bullish Signal for XRP? Beyond technical factors, institutional and large investors, referred to as “whales,” are affecting the price…
Filed under: News - @ March 2, 2025 7:18 pm