Positive developments in the cryptocurrency market have resulted in a recovery in XRP prices. The market is responding to discussions surrounding the potential inclusion of Ripple’s native cryptocurrency, XRP, in the U.S. national reserves. Additionally, the participation of the CEO of Ripple in Trump’s advisory board has opened the door for further deliberations.
There are expectations that XRP prices need to reach a certain level in order to be included in the U.S. strategic reserves. While Bitcoin is currently considered suitable for such reserves, there is a general belief that XRP must experience price increases to be considered valid within this framework.
Fred Rispoli stated, “Only Bitcoin is seen as suitable under the current structure, but if XRP reaches $5, it could meet the criteria.”
Market experts are highlighting critical technical levels that need to be observed for the continuation of XRP’s upward trend. Analysts from Rose Premium Signals see the recent dip as an opportunity, while some indicate that XRP needs to surpass the $2.67 and $2.81 levels. Different opinions regarding target price ranges and support levels are being discussed.
EGRAG CRYPTO stated, “Closing at $2.67 and exceeding $2.81 will be decisive for the continuation of the rise.”
On the other hand, some market participants are drawing attention to the pressure on the supply side. Dark Defender stated that maintaining the $2.33 level is crucial for upward momentum. CasiTrades identifies the $2.16, $1.88, and $1.53 levels as significant support points, suggesting that a gradual decline may lead to a short-term recovery at these levels.
Investors are still evaluating the clarity of the foundation required for XRP to reach the $5 mark. Recent price movements reflect both expected rises and existing risks. As the market faces the testing of technical levels and potential consolidation periods, it is recommended that investors closely monitor developments.
