XRP Price at a Critical Juncture: Can Political Catalysts Like Trump’s Tariffs Spark a 1,500% Surge?
XRP is once again under the spotlight as analysts identify a pivotal moment for its price trajectory. With potential targets of $7.50, $13, or even $27, the cryptocurrency’s near-term movement hinges on whether it can hold key support levels. Political developments, including former President Trump’s tariff policies, could serve as a major catalyst. Currently trading around $2.09, XRP faces a decisive test—failure to sustain above $2.30–$2.50 may lead to a drop toward $1.85.
Can Trump’s Tariffs Trigger XRP’s 1,500% Run?
The XRP chart is showing signs of activity again. Analysts believe the price is nearing a crucial point that could decide whether XRP jumps significantly or pulls back. Key price targets are $7.50, $13, and even $27. Political news, such as Trump’s tariffs, may be the catalyst for this rise. Currently priced at around $2.09, XRP is just above the recent low. If the price doesn’t stay above $2.30–$2.50 in the next few days, it could drop to $1.85, which is seen as the last support before a big move. A Kangaroo setup pattern has also appeared on the chart, similar to its appearance in October.
XRP Price Prediction: XRP Braces for a $2.50 Retest
XRP’s price is being driven by Ripple’s partial settlement with the SEC, bullish signals on charts, and excitement around a potential Ripple ETF. The price currently hovers near $2.08, with a key resistance at $2.25. If XRP closes above this resistance on the weekly timeframe, it could confirm a bullish reversal and a bottom at $2.09.
Hidden Road Wins U.S. Broker-Dealer License, Set to Be Acquired by Ripple
Hidden Road, the prime brokerage firm being acquired by Ripple, has obtained approval to operate as a U.S. broker-dealer from FINRA. The license, granted to its subsidiary Hidden Road Partners CIV US LLC, will allow the firm to expand its fixed income prime brokerage platform and offer institutional clients a broader range of regulatory-compliant services in clearing, financing, and prime brokerage of fixed income assets. According to Noel Kimmel, the firm’s president, this is a significant step in the development of Hidden Road’s fixed income prime brokerage platform and bolsters their capabilities in traditional financial markets.
Hidden Road, Owned by Ripple, Secures Broker-Dealer License
Hidden Road, a digital asset and foreign exchange prime brokerage firm acquired by Ripple, has secured a broker-dealer license in the US. This expands its capabilities to serve institutional investors by offering prime brokerage, clearing, and financing services across fixed-income assets. The registration is a major step toward the company’s goal of becoming a full-service, non-bank brokerage across asset classes. The approval also extends Hidden Road’s reach into traditional markets, including fixed income, where it recently became a Fixed Income Clearing Corporation (FICC) clearing member.
