Will Trump reserves retain XRP on $ 3?

A few days ago, the American President Donald Trump Donald Trump Donald Trump is a former American president, a businessman, and a media figure, who held the position of forty -fifth President of the United States between 2017 to 2021. Trump won the Bachelor of Science in Economics from the University of Pennsylvania in 1968. Trump won the 2016 presidential elections as a candidate for the Republican Party against the Democratic Party candidate Hillary Clinton. In his capacity, Trump ordered a travel ban on citizens from many Muslim majority countries, transforming military financing towards building a wall on the border between the United States and Mexico, and implemented the family separation policy. Trump remained a prominent figure in the Republican Party and is considered a potential candidate for the 2024 presidential elections president The executive order was signed to create a strategic encryption reserve. But what really caught everyone is the inclusion of XRP, Solana and Cardano alongside Bitcoin. This step sparked excitement in the market, with the height of XRP 8.6 % in just one week.

However, the gathering did not last long. During the past 24 hours, XRP decreased more than 5.2 %, raising concerns about whether the initial noise fades.

Is Trump really a changing game for XRP games, or is it just a temporary boost? Let’s divide it.

XRP fluctuations after advertising

Despite the recent decline, XRP has seen strong gains this week. On the first of March, the distinctive symbol was traded at $ 2.14, and in just two days, more than 35.5 % rose, with a brief period of $ 3 on March 2.

However, this gathering did not last long. By March 3, XRP decreased to $ 2.38. Then the market tried to recover, and gained 8.82 % between 4 and 6 March, but in the past 24 hours, another 4.9 % decreased. This indicates that although Trump’s announcement at the beginning, the effect was short -term.

American economic data add uncertainty in the market

The recent economic reports from the United States added to uncertainty in the financial markets.

• The unemployment rate increased from 4 % to 4.1 %, despite the prediction predictions will remain the same.
• The non -cultivated salary index increased from 125 thousand to 151 kilos, but this was much less than 160,000 expected.

These numbers indicate that the American economy is under pressure. Fears about inflation and Federal Reserve Policies It also led to a decrease in risk appetite among encryption investors.

Can a Trump’s encryption backup plan pass Congress?

Nicolas BaneguertozogluThe Managing Director of the Global Market Strategy at JPMorgan, believes that the Trump reserve for encryption reserves has a chance less than 50 % to obtain the approval of Congress. He also indicated that if the reserve is approved, it is likely that it only includes Bitcoin and Ethereum, making it difficult for XRP, Solana and Cardano to be part of it.

This explains why XRP briefly. Reports indicate that many traders have gained profits near the level of $ 3, which contributes to the recent decline.

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• and

What is the following for XRP?

Currently, XRP is trading at $ 2.35. Analysts warn that in the event of increased pressure pressure, the price may decrease to $ 1.95.

On the other hand, if XRP exceeds $ 2.47 and witnessed a strong purchase volume, it may move about $ 3.20. However, there is strong resistance at $ 2.99, which may limit other gains.

The coming days will be decisive in determining the next step for XRP, as investors weigh the impact of total economic conditions and political developments in the encryption market.

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