XRP has faced a hard time since the start of February 2025 with prices failing to come close to January 2025 highs. However, the president of US Donald Trump recently endorsed Ripple in two posts putting XRP on the spotlight once again. While this move would be expected to shake up the market, the price of XRP has remained unmoved.
Ripple has also been involved in speculation that Donald Trump could include XRP in the national crypto reserve. If such a move happens, XRP could experience a surge after the recent price struggles.
Donald Trump posted two articles about ripple on TruthSocial back to back 🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸
👀 Link https://t.co/oLJ6alv3Qd pic.twitter.com/cxulCNRiQ8
— 𝗕𝗮𝗻𝗸XRP (@BankXRP) February 19, 2025
Trump’s Ripple Endorsement On TruthSocial
US president Donald Trump who now has one month in office following his inauguration on Jan. 20, 2025 has had a good relationship with Ripple Labs. In a recent development, Trump shared two back to back posts on TruthSocial through which he acknowledged remarks of Ripple having more deals in the US following his win.
As posted by BankXRP, one of the articles was posted on CoinDesk and the other one on TheBlock. However, the two covered Brad Garlinghouse’s statements of the “Trump bull market” and the “Trump effect.”
Brad Garlinghouse, the CEO of Ripple, had stated earlier on Jan.5,2025 that Ripple “signed more US deals in the last six weeks of 2024 (since the election) than the previous six months.” The Ripple CEO went further to acknowledge the “Trump effect” which was “already making crypto great again.”
Since his election win back in November 2024, the crypto market has reacted massively to Donald Trump’s moves. Just before his inauguration XRP rose to an All-Time High (ATH) of $3.4.
XRP’s Current Price Performance
Despite Donald Trump’s recent Ripple endorsement, XRP has remained unmoved by the news. According to Coinmarketcap, XRP is trading at $2.54 as of the time of writing. This marks a 0.36% decline on the day but a 5.67% increase over the last 7 days.
The trading activity around XRP has slowed down after the trading volume surged by over 26% to $5.5 Billion earlier as reported by CoinRank. Currently, the trading volume of XRP sits at $4.89 Billion with a slight 3.44% increase over the last 24 hours.
Can Donald Trump’s Endorsement Push XRP to $3?
XRP has steadied around the same range today following Trump’s posts. According to TradingView data, the coin has traded between a low of $2.5468 and a high of $2.5764 intraday.
Additionally, the Relative Strength Index (RSI) for XRP is at 32.21, nearing the oversold zone of 30. An RSI value below 30 points to a possible buying signal. However, the current RSI indicates ongoing selling pressure hence a bearish sentiment in the current Ripple market.
The MACD of XRP also points to a bearish momentum since the MACD line is below the Signal line. As seen on the chart above, the MACD line is at -0.0044 below the Signal line at -0.0036. The histogram is also on the negative side confirming the prevailing selling pressure.
If XRP were to shift momentum towards $3, a bullish crossover is needed for a potential reversal. XRP faces resistance around the $2.7 mark which if breached could see prices move towards the $3 mark. However, traders should keep an eye on XRP’s RSI and buying volumes. An increase in buying volumes and rebound of RSI above 50 could confirm bullish momentum.
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