President Trump has finally been sworn in. Now the market is waiting for pro-crypto announcements. Top of the list is the Bitcoin Strategic Reserve and the US Crypto Reserve along with XRP. Meanwhile, Google searches for “how to buy cryptocurrencies” are increasing.
Donald Trump was inaugurated as the 47th president on Monday, but his upcoming speech made no mention of Bitcoin or cryptocurrency. However, pro-crypto announcements are expected within the next 48 hours.
Bitcoin, already experiencing sharp volatility, fell to test the $100,000 level during the speech, down from an overnight high above $109,000.
Bitcoin reached a new all-time high early Monday, Source: BNC Bitcoin liquid indicator
Shift in tone
The Trump administration is shaping up to be significantly more open to cryptocurrencies than the previous administration, which was highly critical of it. Trump has repeatedly promised policies that embrace transformative technologies, including blockchain, along with Bitcoin and… XRP in focus It also benefits most.
His early appointments reflect this vision:
It is not without controversy
While Trump’s cryptocurrency redirection policies are welcomed by some, they have not been without criticism. Over the weekend, the president sparked a frenzy with his surprise launch of Trump coin memewhich was quickly followed by a similar launch linked to Melania Trump.
While the meme coin has been controversial, with advocates and those who are more skeptical, we enjoyed this quote from Trumbo supporter Nick Carter of Castle Island Ventures. “It is absolutely unbelievable that he would do this. They are reaching new depths of foolishness with the launch of the memecoin.”
Catalysts are pushing XRP prices higher today
XRP has been an outstanding performerBy 488% since Donald Trump won the election. The coin has regained its position as the third largest cryptocurrency by market capitalization, surpassing Tether USDT. With a market capitalization of $170 billion, XRP is now larger than asset management giant BlackRock (BLK).
Ripple prices Stocks are booming on optimism fueled by several factors, including the expectation that President-elect Donald Trump will sign pro-crypto executive orders shortly after taking office on January 20. Rising open interest and strong market technicals are also fueling the rally.
XRP’s rise on January 20 is in line with broader cryptocurrency market trends, with Bitcoin reaching all-time highs above $109,000. The cryptocurrency community is optimistic about Trump returning to the White House and his campaign promises to create a crypto-friendly environment.
In other XRP news, Analysts point out that XRP could overtake Ethereum’s ETH in market capitalization.
During his campaign, Trump pledged to turn the United States into the “crypto capital of the world” and fire SEC Chairman Gary Gensler on “day one.” Gensler, whose term began in 2021, has overseen tough regulatory actions against cryptocurrencies, including a $125 million penalty for Ripple in August 2024.
Reports indicate Trump plans to issue Several pro-encryption executive ordersWhich could affect XRP prices significantly. It is worth noting that the approval of A Spot XRP ETF It could attract $4 billion to $8 billion in new assets within five months, according to JPMorgan.
More speculation suggests Trump wants… US crypto reserve Which will hold US crypto assets such as Ripple’s XRP and Solana.
Some evidence that this may happen soon is a series of billboards in Washington. “Ripple, America’s leader in cryptocurrencies,” the billboards say. This seems to indicate a new “America First” cryptocurrency movement that will quickly emerge under David Sachs and President Trump.
Ripple, the American leader in crypto billboards and advertising. source: X
Open interest record boosts XRP momentum
Optimism surrounding Trump’s cryptocurrency policies has pushed XRP futures to record levels. Open interest (OI) – a measure of market sentiment – reached an all-time high of $7.6 billion on January 18 before stabilizing at $7.1 billion. OI has risen by 90% since January 9, which corresponds to a 47% increase in XRP prices over the same period.
The high investment rate indicates strong market momentum and investor confidence, with similarities to the surge in November-December 2024 when XRP prices rose by 170%.
XRP targets price forecast at $3.60 in breakout rally
XRP’s current rally is part of a breakout from the symmetrical triangle pattern, indicating continued bullish momentum. This pattern suggests a price target of $3.60 – roughly 10% above current levels.
XRP Price Source: BNC XRPLX
Key levels to watch include support around $2.95 and the 50-day simple moving average near $2.46. For XRP to reach $3.60, it must first overcome the resistance of $3.40, a seven-year high.
Cryptocurrency analyst Javon Marks is bullish on XRP’s trajectory, citing a quick recovery from a “false breakdown” and a breakout from a bull flag pattern. partner:
XRP price is poised for a massive rally, source: X
Technical forecasts
- Support levels: $2.95, 50-day simple moving average ($2.46)
- Resistance levels: $3.40, $3.60 (breakout target)
- Momentum engines: Symmetrical Triangle Breakout, Rising Interest, and Pro-Crypto Tilts in the Trump Era
XRP is poised for continued gains, as market momentum and policy optimism fuel investor enthusiasm. Can XRP reach $50 in 2025?? We’re about to find out. This is a prediction of a high price for XRP, but it is not unlikely.
Google searches for “how to buy cryptocurrencies” have reached an all-time high as Trump changes the narrative
Finally, adding more fuel to the XRP price outlook is the fact that President Donald Trump’s moves have reignited mainstream curiosity around the digital asset. Google Trends data reveals an unprecedented increase in searches for “how to buy cryptocurrencies,” indicating a peak in retail interest in cryptocurrencies. Ripple’s XRP is a popular coin with retail traders, so we expect XRP trading volume to rise quickly. Price follows volume,
Google Trends shows a value of 100 for the search query “how to buy cryptocurrencies,” the highest level in five years. source: Google Trends
