2025-3-14 21:44 |
The rally follows a bounce from the $2.10 support zone, indicating a potential shift in market sentiment. According to technical indicators, Ripple XRP remains within a descending trend but is showing early signs of breaking out. Resistance levels at $2.40 and $2.60 stand as key hurdles before a potential rally toward $3. A successful breakout beyond these levels could lead to further gains.
Macroeconomic and Political Factors Fuel XRP’s RiseXRP’s recent behavior bears strong correspondence with global macroeconomic happenings. Among the most noteworthy drivers was the abrupt policy change by former President Donald Trump, where he dropped plans to impose new tariffs against metals from Canada. It relaxed the fear around the trade war and stimulated a rally around risk assets and cryptocurrencies.
The Ripple (XRP) price was trading at around $2.25, up 6.63% in the last 24 hours at press time. Source: XRP Liquid Index (XRPLX) via Brave New Coin
Sen. Cynthia Lummis also brought back the BITCOIN Act, which would propose buying the US government 1 million BTC legally. While Bitcoin is the primary focus, the legislation has fueled speculation that other digital assets, including Ripple cryptocurrency, could be considered for inclusion in a government-backed reserve.
WATCH XRP PRICE PREDICTION ANALYSIS
Institutional Interest and Regulatory Developments
Institutional adoption of XRP is also driving its price performance. It has been noted that over 500 banks offer XRP custody today, further solidifying its role in cross-border payments. Meanwhile, the anticipated approval of a spot XRP ETF has become more robust, with asset management giants like Franklin Templeton entering the process of launching such a fund.
XRP could skyrocket to double digits if all XRP ETFs, including Franklin Templeton’s, get approved in a booming $23 trillion crypto market. Source: Dark Defender via X
However, regulatory ambiguity is still present. Recently, the U.S. Securities and Exchange Commission (SEC) delayed its decision on a series of crypto-related ETF proposals, including XRP. Market experts comment that the confirmation of Paul Atkins as the new SEC Ripple chairman in April could be a turning point for regulatory clarity.
Technical Analysis: Can XRP Hold Its Gains?From a technical perspective, Ripple’s price in USD is maintaining support at $2.10, which has provided a bullish signal. The token is now testing resistance levels at $2.29 and $2.40, with a breakout potentially paving the way toward $2.84 and $3.40—the highest level XRP reached in early January.
If the support holds, Wave ‘c’ moves to resistance; if it fails, Wave ‘c’ will extend into five waves to complete Wave C of Wave 4. Source: AdamIdris2 on TradingView
A decline below $2.10, however, could trigger another sell-off, bringing Ripple closer to its next major support at $1.85. Analysts caution that while the recent surge is encouraging, sustained momentum will depend on market liquidity, overall sentiment, and external economic conditions.
Outlook: Will XRP Reach $3?Looking ahead, XRP price prediction remains contingent on multiple factors. Favorable regulatory developments, ongoing institutional demand, and favorable macroeconomics can produce the needed tailwinds. Nevertheless, the markets are still volatile and the traders have to closely monitor the support and resistance levels.
A bullish breakout of the current Falling Wedge pattern could propel the XRP price to $3. Source: Bixley on TradingView
In the short term, the ability of XRP to stay above $2.25 suggests the existence of the momentum. Whether this will translate into a longer-term rally or short-term bounce remains dependent upon overall market trends and investor mood within the next few weeks.
Final ThoughtsWith Ripple news highlighting XRP’s recent 7% surge, the token is once again a focal point for traders and investors alike. While challenges remain, the combination of institutional adoption, favorable macroeconomic shifts, and regulatory clarity could pave the way for XRP to break the $3 barrier. The coming weeks will be crucial in determining whether this bullish trend continues or if XRP faces another correction.
origin »Ripple (XRP) на Currencies.ru
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