A recent ETF application supported by Donald Trump has impacted the cryptocurrency market, particularly XRP, which has suddenly shifted its price dynamics.
Price Surge of XRP After ETF Inclusion
XRP has made headlines again after being included in the 'Crypto Blue Chip ETF' application filed by Donald Trump's Truth Social platform with the U.S. Securities and Exchange Commission. Following the announcement, XRP experienced a 6% surge in the last 24 hours, reaching $2.57. Analysts note that breaking the long-standing resistance in the $2.31–$2.36 range has opened the doors for a new rally.
Support and Resistance Levels for XRP
The Trump-backed ETF application terminated the long-standing horizontal movement that XRP had been experiencing. The 24-hour trading volume also surged significantly, with the price surpassing the strong barrier in the $2.31–$2.36 range. Investors are anticipating further announcements from U.S. regulators that may shape the price direction in the coming days.
Technical Analysis and Long-Term Forecasts
Price chart analysis indicates XRP has entered a strong rising phase resembling a third wave. The $2.31–$2.36 range is now positioned as the first strong support level. In the short-term outlook, even retreats to $2.25 do not disrupt the technical structure. The target after $2.67 is set at $3.30, with long-term projections suggesting ambitious levels such as $5.00 and $9.81, provided market conditions remain favorable.
The impact of the ETF on XRP shows potential for attracting institutional investors and shifting market dynamics. Further data and announcements will be key to determining XRP’s price direction.
