XRP (XRP) Price Analysis: Market Brimming With Excitement as We Approach Trump's Inauguration

The crypto market is brimming with excitement as we approach a historic moment—Donald Trump's inauguration less than 48 hours away.

As we approach Donald Trump's inauguration, the crypto market is buzzing with excitement. Solana has hit new all-time highs and XRP is also showing some strength.

After reaching its all-time high, XRP has been consolidating just below this level, which isn't surprising as it usually takes a few attempts before the price breaks and sustains above this level.

The key support levels for XRP are still valid, with the coin trading at $3.21 at the time of writing and showing a decrease of over 1% in the last 24 hours. However, XRP has risen by an impressive 25% in the last week.

After hitting all-time highs, XRP is now showing a pullback, which is a natural part of any price movement. This could present an opportunity for future growth.

Possible Outcomes

If Wave A extends slightly lower, it would still be part of a healthy three-wave move down. A bounce from these levels would be corrective in nature, leading to another dip before a potential rally.

If XRP manages to break above $3.39 or $3.40, we could see prices move toward the next major Fibonacci level, reaching $4.19 or even $5. However, if the price falls below $2.52, it would invalidate the bullish structure.

Conclusion

According to the latest market data, XRP is now the second-largest cryptocurrency with a market cap of over $180 billion. This shows the huge interest in XRP, despite a recent dip of over 7%. Many traders are viewing this as a buying opportunity for long-term gains.

As Trump's inauguration approaches and his influence in the crypto space increases, some experts predict significant price movements in the coming days.