The price of XRP increases by 35 % on Crypto strategic news, including Ripple, the goal of $ 5 on the horizon
XRP has witnessed a large gathering, with 35 % in only 24 hours, after US President Donald Trump announced a new coding strategic reserve. Trump has revealed that the reserve will include XRP, along with other main encrypted currencies such as BTC, ETH, Sol and Ada, as part of his vision to make the United States the world’s leading encryption industry.
The increase in the XRP price can be attributed to this unexpected catalyst. According to technical analysis, the XRP price structure showed a bullish direction. After a short decline, it seems that XRP is preparing for higher prices, with the main support levels between $ 2.41 and $ 2.48.
If the price exceeds these levels, then the next main resistance is $ 3. It can determine a break above this level The payment stage is about $ 3.40 Perhaps higher, with some analysts expected that prices can reach $ 5 to $ 6 in the long run.
What is Trump announced?
Taking into account the social truth, Trump wrote, “The American encryption reserve will raise this critical industry after years of corrupt attacks by the Biden administration, which is why my executive request on digital assets has directed the presidential work group to move forward in a strategic coding reserve that includes XRP, Sol and Ada. I will make sure that the United States is the capital of encryption in the world. We have made America Great again, “wrote on social truth.”
It is clear that BTC and ETH, like other cryptocurrencies, will be at the heart of the reserve. I also love Bitcoin and Ethereum.
With the upscale feelings surrounding the encryption and excitement market from the Trump advertisement, XRP can continue to rise with the market’s reaction with this main development. Investors are now looking for the next collapse point, as the coded currency sector sees renewed optimism.
