With the recent price surge of XRP and Bitcoin, crypto traders are paying close attention to these tokens. Analysts suggest that upcoming changes in economic policy could impact the market.
Growing Interest in XRP and Bitcoin
Crypto analyst Levi suggests that the Federal Reserve may lower interest rates soon, which could lead to a wave of institutional investments into cryptocurrencies. Levi called it a 'tsunami' and believes that XRP could be one of the biggest winners in this scenario.
Current Situation on XRP Charts
XRP charts show strength with higher lows and higher highs forming, with support around $2.23 and resistance near $2.57. If the bullish structure holds and the Federal Reserve follows through with a rate cut, XRP could see further upside.
Regulatory Environment and ETF Prospects
On the regulatory front, positive changes are underway as the U.S. Treasury has rolled back some crypto broker reporting rules. ETF proposals for tokens like Solana, XRP, and BNB are also being discussed. With improvements in both charts and broader environment, XRP is back in the spotlight.
Considering current trends and the potential regulatory changes, XRP and Bitcoin are in focus for traders, with many expecting upcoming events to significantly influence the market.
