XRP Rallies as Trump Backs Off Powell, Market Sentiment Improves
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XRP's price surged above $2.00, mirroring gains in Bitcoin, Ethereum, and Solana. President Trump clarified he won't fire Fed Chair Powell but urged rate cuts. This, along with potential US-China trade progress, boosted market sentiment. XRP's technical indicators suggest a potential rise towards $3.00, though a daily close above the 50 and 100-day EMAs would confirm the uptrend. Conversely, falling below these averages could trigger losses toward $2.00 or even $0.96.
XRP's price surged above $2.00, mirroring gains in Bitcoin, Ethereum, and Solana. President Trump clarified he won't fire Fed Chair Powell but urged rate cuts. This, along with potential US-China trade progress, boosted market sentiment. XRP's technical indicators suggest a potential rise towards $3.00, though a daily close above the 50 and 100-day EMAs would confirm the uptrend. Conversely, falling below these averages could trigger losses toward $2.00 or even $0.96.
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