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XRP Rises 40% Following Inclusion in U.S. Strategic Reserve

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by Giorgi Kostiuk

8 hours ago

XRP surged 40% after being included in the U.S. crypto reserve.

XRP Reaches Key Levels

Following Donald Trump's announcement of including XRP in the U.S. crypto reserve, the token's price surged, hitting $3 before encountering resistance. Bulls aim to secure a break above $3 to drive the price towards $3.40 and $5. Key support levels include $2.80, $2.53, and $2.07.

Elliott Wave Analysis

Analysts apply Elliott Wave Theory to forecast a long-term surge for XRP. A correction is expected before starting the third wave, potentially driving the price to $17–$20. The cycle may peak in wave five, ranging $20–$66.

Community Reaction

The inclusion of XRP in the U.S. crypto reserve sparked varied reactions. Economist Peter Schiff expressed skepticism, whereas Cardano's founder Charles Hoskinson supported the decision citing XRP's technological strengths.

While XRP is showing significant growth, analysts emphasize the importance of maintaining a level above $3 for bullish momentum to continue.

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