Excitement is always high in the crypto world. However, today was the day when Ripple (XRP) shone like a star. While prices skyrocketed to $0.68925, trading volume exploded, reaching $11.83 billion, a 167% increase. Ripple’s strategic moves, critical meetings with the Trump administration, and the general optimism of the market are among the main factors behind this increase.
Ripple and Trump Team: Are the Doors to a New Era Opening?
Ripple CEO Brad Garlinghouse has been on the agenda with his meeting with Trump’s advisors. Garlinghouse’s confirmation of this meeting has excited investors. It is being said that if the new administration adopts crypto-friendly policies, regulatory hurdles for XRP may be reduced. This would be a significant turning point not only for Ripple but also for the crypto market in general.
As we reported at Kriptokoin.com , the long-running legal battle between the SEC and Ripple also affects the price movements of XRP. Last year, Ripple won a major victory against the SEC’s attempt to classify XRP as a security. However, the SEC’s appeal process is still ongoing. The possible resignation of Gary Gensler creates new hopes in the market. If this happens, speculation that the SEC will abandon the appeal process will become even stronger.
XRP Technical Indicators and Strong Signals in the Market
XRP’s technical indicators are currently encouraging investors. The price is testing the resistance at $0.744 while finding strong support at $0.646. The Relative Strength Index (RSI) is at 73.84, which suggests that the market is still in an uptrend, while the Average Directional Index (ADX) is at 31.21, confirming that the trend is intact.
The explosion in trading volume clearly indicates strong buying interest behind this rally. If XRP can clear the resistances at $0.69, $0.72, and $0.75, higher levels certainly seem within reach.
XRP Social Media and Whale Activity
The interest in XRP is not limited to price alone. Social media data shows that XRP accounts for over 4% of crypto discussions. This reflects the excitement of the community and the confidence in the future of XRP. Whales are not sitting idle either. Large investors are shaping price action by balancing buying and selling. This is especially evident during moments when FOMO (fear of missing out) is triggered.
Ripple’s regulatory victories and political connections are boosting XRP’s future potential. The market is closely watching how the ongoing legal battle with the SEC will play out. XRP is currently on a solid rally . Whether this momentum continues will depend on developments on the regulatory front. But one thing is for sure: XRP is already set to become one of the most notable assets of 2023.
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