XRP Price Surged 30% Yesterday After Being Included in the US Crypto Reserve

XRP saw a significant surge in momentum after being included in the US crypto reserve. Its price rallied 30%, pushing its Relative Strength Index (RSI) to a peak of 84.5.

Despite a 30% surge on Wednesday, heating up Relative Strength Index (RSI) to overbought levels, XRP price slid 10% in the 24 hours to Thursday, May 11. This signaled that some profit-taking activity was unfolding.

As the crypto slid, it was testing key support at $2.52, which could be critical for determining the next move. Above this level, the uptrend could continue towards another attempt at $2.75. A breakout above this resistance could propel XRP towards $2.96, which acted as resistance during yesterday's rally.

If the uptrend manages to claim this barrier, it would open the door to a push towards $3.15. This move would be pivotal as XRP has yet to trade above $3 since February 1.

However, if the correction deepens and sellers exert more control, pushing the price below $2.52, the next level of support to watch would be at $2.36. A deeper selloff could drive XRP towards $2.15 and $2.06.

As the dust settles on an eventful few days in the crypto markets, there was a surprising announcement from the White House.

President Donald Trump disclosed the addition of several major cryptocurrencies, including Bitcoin, ETH, SOL, XRP, and ADA, into the US crypto reserve. This was part of a broader strategy to shore up the dollar and prepare for the next leg of the bull market.

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