XRP News: Bullish Breakout Signals Potential Surge to $4

XRP has recently experienced a significant surge, breaking out of a bullish flag pattern and capturing the attention of the cryptocurrency market. With a potential target price of $4, this development has sparked Optimism among investors and analysts alike.

XRP Breaks Out Of Bullish Flag Pattern – $4 Target In Sight

XRP has surged over 45% in six days, breaking its all-time high and capturing the crypto market's attention. Analysts suggest that XRP has broken out of a bullish flag pattern, indicating a potential uptrend continuation with a target price of $4. The upcoming inauguration of President-elect Donald Trump has also fueled speculation about its impact on the crypto space, further boosting bullish sentiment for XRP.

Ripple’s Potential: What Happens if Trump Adds XRP to the US Treasury?

XRP received a significant regulatory boost following Trump’s election victory, with expectations of further improvements during his upcoming administration. Reports suggest that Ripple’s cross-border token, XRP, could be prioritized under the new government, particularly with changes in the SEC’s leadership. XRP recently surged to its 2018 all-time high of $3.4, marking a 460% increase since early November when it was below $0.6. This rally was fueled by speculation that the president-elect will focus on US-based cryptocurrency projects.

XRP Price Holds Strong: Uptrend Shows No Signs of Slowing

XRP price started a fresh increase above the $3.050 level. The price is holding gains and might continue to rise if it clears the $3.20 resistance. XRP price gained over 15% and rallied toward the $3.40 zone. The price is now trading below $3.250 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $3.20 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start a fresh increase if it stays above the $2.880 support.

AI Predicts Ripple (XRP) Price Post Trump’s Oath Today

Ripple (XRP) is poised for significant changes as the US SEC undergoes a major overhaul with Paul Atkins stepping in as the new SEC chair. This shift is expected to empower Ripple to forge its independent path, potentially driving the token's value to new heights. Analysts predict that XRP could surge to $5 once it surpasses the $4.40 threshold, marking a pivotal moment for the cryptocurrency.