XRP (XRP) has rallied by nearly 8.7% in the past 24 hours and currently sits at $2.40 per token as the crypto market’s furious surge seems to still have more fuel in the tank – fueling an increasingly bullish XRP price prediction.
This week, a report from Politico revealed how far the crypto industry’s influence in the White House may have gone, to the point of advising the President on what he may publish in his social media accounts.
A firm named Ballard Partners, whose client list includes Ripple, could have been responsible for drafting President Trump’s “crypto reserve” tweet last year.
In this message, Trump mentioned XRP, Solana, and Cardano as some of the cryptocurrencies that deserved a spot in the country’s digital asset stockpile.
It turns out that the head of state was following Ballard’s advice and later on became aware of the potential conflict of interest that the company had amid its relationship with the company responsible for overseeing the Ripple network.
XRP Price Prediction About to Surge After Bullish EMA Breakout
Yesterday’s strong rally pushed XRP above its 21-day EMA once again and has kept going today as the Asian session catches up with yesterday’s price action.
Momentum indicators have moved upwards as the Relative Strength Index (RSI) has once again moved above the signal line while the MACD’s histogram has been trending higher in the past two days.
The 200-day exponential moving average (EMA) remains the most critical support to watch at this point. As long as the price stays above this level, XRP’s outlook will still be bullish.
The descending price channel on the chart offers a clear blueprint for XRP’s next move – and the breakout projection points to a short-term target of $3.20, representing a strong 32.4% upside from current levels.
While $1,000 may not be around the corner, the latest price action confirms a powerful shift in momentum, supporting a bullish trajectory that could deliver substantial gains for investors – especially as macro conditions turn increasingly favorable.
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The post Ripple Behind Trump’s XRP Post? Could This Controversy Trigger a Rally to $1,000? (XRP Price Prediction) appeared first on Cryptonews.
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