US President Donald TrumpRipple $2.57 And his latest statements about XRP have aroused a great impact on Altcoin’s investor community. This development XRP The price of 2024 rally by continuing the question of whether to reach $ 100 brought up. The price of Altcoin is traded at $ 2.56 with a decrease of 3.65 percent in the last 24 hours and has decreased $ 1.7 billion from the market value in the last four days.
Trump’s support for Ripple has a positive effect on XRP
Trump, Truth Social Ripple CEO in two successive sharing on the platform Brad Garlinghousereferred to the statements of the ‘. Garlinghouse said that with the election of Trump, Ripple has done more work in the US and increased employment through new agreements.
Garlinghouse, who explained that he had dinner with President Trump in Mar-a-lago in January, RippleHe said the impact of Washington has increased. Moreover, Ripple CTO David Schwartz also said that XRP is “close to adoption by corporate.”
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In addition, XRP Trump is a national Crypto Money Reserve speculation that can be included in the formation plans. According to Polymarket data, the probability of the creation of this reserve is 15 percent.
All these developments stand out as factors that support the rise of XRP. In addition, the SEC’s Spot XRP ETF application presented by Bitwise to evaluate the application altcoingives positive signals about the future of the future.
Can XRP reach $ 100?
In the bull market in 2017, the XRP made a big leap according to Fibonacci extension levels. If a similar model repeats, it is estimated that Altcoin can reach the summit with $ 178 to $ 282 in this cycle. In this scenario, a $ 100 price target is interpreted as realistic.
XRP price Currently, 61.8 percent of $ 2.39 is trying to preserve the support of Fibonacci. However, the index (RSI) of the relative power withdrawn to 45 shows that sales pressure continues. If sales pressure continues, XRP may drop to $ 2,11.
However, the Money Flow Index (MFI) rose to 63, which indicates that the receiver interest increased. If the XRP price breaks 38.2 percent fibonacci resistance at $ 2.77 level, it may turn to the last summit of $ 3.40.
According to experts, the long -term appearance of XRP is positive thanks to Trump’s support and friendly arrangements in the US. However, a large and powerful institutional adoption and changes in new legal regulations are considered as a must.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
