A whirlwind swept through the cryptocurrency market as XRP shot through the roof

The cryptocurrency market has once again been roiled by the striking ascent of XRP, which soared past $2.75—a remarkable leap of 30%—sparked by unexpected political interest.

The cryptocurrency market saw substantial shifts this week, notably with XRP’s staggering 30% gain, pushing past the $2.75 mark and stirring anticipation among traders.

This surge follows former U.S. President Donald Trump’s hint at considering XRP for a potential U.S. Crypto Reserve, mooting Bitcoin and Ethereum as possibilities.

The conversation began when an X user tagged Trump, suggesting he should consider including XRP in the U.S. Crypto Reserve. Trump responded by saying, “We can’라는 벤처스티그룹의 최대 주식.

As this chatter unfolded, traders grew eager to adjust their positions accordingly.

Earlier in the week, analysts at Benzinga highlighted key resistance levels for XRP at $2.50 and $2.65, which were breached as the token flirted with the significant psychological resistance at $3.00.

However, it pulled back slightly and is now consolidating above crucial support at $2.75.

If the bulls can push through the resistance at $3.00, the next levels to watch will be $3.30 and $3.64.

If the bears take control and break through the support at $2.75, the next levels to monitor will be $2.50 and $2.15.

If the selling pressure persists and breaks through the support at $2.15, the final level of support to watch will be at $1.81.

Chart: TradingView

Moreover, futures markets saw heightened activity with a 40% increase in Open Interest in XRP futures over the weekend, reaching $4.33B. This surge in OI indicates a build-up in trader confidence and interest in digital assets.

One market analyst, known as “Dark Defender,” boldly predicts that XRP could hit an ambitious target of $77.7 by 2027, continuing its bull run.

Conversations in crypto forums are abuzz with visions of XRP’s future, especially after a report by The Crypto Post highlighted a massive increase in whale activity as they added 270 million XRP coins to their holdings over a single weekend, showcasing undiminished faith in the token.

Some traders speculate that a favorable verdict in Ripple’s legal case with the SEC might propel XRP even further, though the direct impacts of this case on the token’s price are a subject of ongoing debate.

As these events unfold, the crypto community remains attentive, eager to see what new heights XRP will reach next. In a world where the unexpected is common, one thing is clear—the story of XRP is far from finished. Whether it’s a gamble, an investment, or a chance to capitalize on a surprising opportunity, the takeaway is the same: never underestimate the power of momentum in the unpredictable tapestry of cryptocurrency.