After Donald Trump’s historic order to create a strategic reserve for cryptocurrencies in the US, the digital currency Ripple (XRP) faced a significant price surge. Ripple’s presence in Trump’s proposed reserve list has doubled the credibility of this digital asset and strengthened investor confidence. As a result, the price of this cryptocurrency has grown by 30% in the past few hours, triggering a wave of demand and extensive buying for Ripple. The Price Divergence Index (DAA) indicates that now is a suitable time to buy Ripple, as both prices and investor activity are on the rise. The growth in the number of active addresses indicates new investors entering the market and increasing their confidence in the future of this cryptocurrency, a strong sign of continued upward trend. Furthermore, the Chaikin Money Flow (CMF) indicator has shown a significant increase, indicating the entry of large capital into the Ripple market. This indicator’s growth usually signifies the continuation of an upward trend and confirms price increase. Currently, Ripple is trading at $2.79, reflecting a 23.78% growth in the past 24 hours. The cryptocurrency is now approaching the resistance at $2.95, and if it breaks, there is a possibility of rising to $3.00 and even testing the historical ceiling at $3.40. However, if the upward momentum decreases and investors aim to stabilize profits, Ripple may face challenges in passing the $2.95 resistance. In this case, the possibility of the price dropping below $2.70 exists, which could lead to a short-term stabilization period before continuing the upward movement. You can view the prices of all tokens and cryptocurrencies live and instantly on the momentary price page of digital currencies.
