The post XRP climbs on risk appetite as Trump Fed stance lift crypto rally appeared on BitcoinEthereumNews.com.

Open interest jumps 20% to $3.89B in 24 hours. RSI climbs to 58, signalling bullish momentum. Risk remains if XRP loses $2.00 key support level. Ripple’s XRP is gaining traction again, climbing steadily above the $2.00 mark after a volatile start to April. As of Wednesday, the token was trading at $2.26, buoyed by a renewed wave of risk appetite across crypto markets. The upswing aligns with a broader shift in macroeconomic sentiment, driven in part by President Donald Trump’s softened stance on Federal Reserve Chair Jerome Powell and a fresh call for rate cuts. The President’s pivot has sent ripples across asset classes, including Bitcoin, Ethereum, and Solana—bringing renewed optimism to the altcoin sector, with XRP front and centre. Trump’s Fed policy pivot lifts risk sentiment US President Donald Trump’s recent remarks—clarifying he has no intention of removing Fed Chair Jerome Powell—helped calm investor nerves. Trump’s earlier criticism, which accused Powell of being slow to cut rates, had fuelled speculation of a shake-up at the central bank. However, on Tuesday, Trump told reporters that the media had exaggerated his stance, stating, “Never did. The press runs away with things.” Despite standing by his earlier concerns, Trump’s softened tone came alongside a renewed push for the Fed to lower interest rates. That aligns with ongoing discussions around tariff negotiations, with the administration reportedly aiming for a temporary deal with China in the short term, followed by a comprehensive agreement within two years. Markets responded positively. Bitcoin, Ethereum, and Solana posted intraday gains, reflecting the return of risk-on appetite. XRP also capitalised on the moment, continuing its uptrend and gaining technical strength near its short-term resistance levels. XRP climbs above key moving averages XRP’s price is holding firm around $2.22–$2.26, bolstered by support from both the 50-day and 100-day Exponential Moving…

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Filed under: News - @ April 23, 2025 3:26 pm