XRP Outruns Usain Bolt: ETF Approvals and Trump-Era Clarity Ignite 400% Rally!
XRP surged over 7% nearing $2.50, following Trump's pledge of a $2,000 dividend and his optimistic statement about the potential reopening of the U.S. government.
Quick overview
- XRP surged over 7% to nearly $2.50, driven by Trump's $2,000 dividend pledge and optimism about the U.S. government reopening.
- Recent ETF developments from firms like Bitwise and Franklin Templeton may have contributed to XRP's gains.
- Analysts believe XRP is starting a strong upward trend, potentially leading to a new all-time high.
- XRP has maintained its price above key Ichimoku Cloud indicators for four consecutive quarters, suggesting a clearer uptrend.
Live XRP/USD Chart
XRP surged over 7% nearing $2.50, following Trump’s pledge of a $2,000 dividend and his optimistic statement about the potential reopening of the U.S. government. According to Binance data, XRP ranks top among the 15 leading altcoins.
Recent developments regarding ETFs may have significantly contributed to these gains. Currently, Bitwise, Franklin Templeton, 21Shares, Canary Capital, and CoinShares have all updated their XRP ETF filings
Analysts suggest that XRP is “beginning” its upward trend, having “bottomed out” and is poised for a strong comeback. Its upcoming rally could be impressive and may even set a new all-time high.
The conversion and baseline lines of the Ichimoku Cloud often act as dynamic support and resistance levels. Typically, sustained price movement above these lines indicates bullish strength.
According to the current chart, XRP has maintained its structure above both lines for four consecutive quarters. This is notable because, in past market cycles, the token struggled to stay stable above these mid-term indicators.
This shift suggests the asset is now in a clearer uptrend rather than reactive rallies. The Ichimoku Cloud aims to show market equilibrium. Price action that remains above the conversion and baseline for an extended period usually signals buyer control and absorption of pullbacks. Holding this position over several quarterly candles hints that a new long-term base may be forming.
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