XRP News: Sustained Bullish Momentum Amid SEC Appeal and Trump Crypto Reserve Speculation

XRP continues to demonstrate resilience in the face of regulatory challenges and market speculation. Despite the SEC's recent appeal against Ripple, the cryptocurrency has maintained its position above the $3 mark, buoyed by rumors of potential inclusion in a US digital asset reserve under consideration by Donald Trump. This article delves into the factors driving XRP's bullish momentum and the broader implications for the crypto market.

XRP Sustains Bullish Pressure Amid SEC Appeal and Trump Crypto Reserve Rumors

XRP continues to trade above the $3 mark as investors accumulate the cryptocurrency following rumors of Donald Trump considering its addition to a US digital asset reserve. This Optimism has helped XRP defy potential selling pressure after the SEC filed an appeal against Ripple. The SEC's appeal follows Judge Analisa Torres' ruling in the case against Ripple, which has drawn criticism from the crypto community. XRP is now eyeing a new all-time high above $3.55, having sustained an uptrend above the $3.00 psychological resistance level.

SEC Appeals Ripple Ruling, Sparking Crypto Community Backlash

The SEC has filed an appeal against Judge Analisa Torres' ruling in its case against Ripple, a move that has incited heavy criticism from the crypto community. The appeal has not deterred XRP's bullish momentum, as the cryptocurrency continues to trade above $3.00. The ongoing legal battle between Ripple and the SEC remains a focal point for the crypto market, with potential implications for the regulatory landscape of digital assets.

XRP Sustains Bullish Momentum Despite SEC's Appeal Against Ripple

XRP continued trading above the $3 mark on Thursday as investors stepped on the accumulation gear following rumors of Donald Trump considering its addition to a US digital asset reserve. This optimism culminated in a resistance to potential selling after the Securities & Exchange Commission (SEC) filed its appeal against Ripple.

XRP Price Targets a New All-Time High: Can Bulls Deliver?

XRP price has started a fresh increase, surpassing the $3.00 level with a gain of over 15%. The cryptocurrency is currently trading above $3.050 and the 100-hourly Simple Moving Average. A bullish trend line is forming with support at $3.150 on the hourly chart of the XRP/USD pair, indicating potential for further growth if the price remains above the $3.00 support level. XRP has outperformed both Bitcoin and Ethereum, with significant moves above key resistance levels, suggesting a strong bullish momentum.