Ripple (XRP) news today – Why is the XRP price raised on Tuesday?
The latest news surrounding Ripple (XRP) caused the price approximately 10 % over the past 24 hours, sitting at $ 3.18 at the time of writing this report.
High
- XRP up to nearly 10 % over the past 24 hours
- Ripple offers organizational payment with new licenses in New York and Texas
- The XRP/USD price indicates
The bounce is important because it comes a day after XRP decreased from $ 3.10 to less than $ 2.80 within a few hours on Monday 27 January.
The weakness was in line with the collapse at the market level that was operated after the start of the Chinese operation Deepseek launched a new model for Amnesty International He was allegedly as strong as ChatGPT but required much lower resources to work.
XRP went to January 28 with a Gallery momentum The recovery of the encryption market is led. Recovery is attributed to several factors, including the possibility of a friendly friendly environment under Trump’s management.
In addition, XRP made up a bullish mark indicating a possibility of about 50 % upside down.
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XRP gatherings, despite the expectations not to reduce prices in January
The FOOC Open Market Committee (FOMC) is scheduled to announce its decision on interest rates on January 29Y. Expectations are for the central bank to remain in its position and leave its main average without changing this week.
Note that the price cuts tend to have a significant impact on encryption prices because they usually encourage investors to adopt more dangerous assets such as cryptocurrencies.
XRP gathered today despite the expectations that there are no price cuts in January, because investors are convinced that FOMC will reduce interest rates in March and at least once after the end of 2025.
The upscale feelings are also informed of President Donald Trump’s recent notes that he will soon demand the reduction of interest rates.
XRP eyes $ 4.50 evaluation after forming the biopsy
XRP was in a upcoming upward direction since Donald Trump came out in the 2024 US elections.
From a technical perspective, The original cryptocurrency looks ready for more gains After the formation of the upscale flag, which usually hints into a continuous momentum in the future.
Conduct the price of XRP on Tradingview
The flag began to form on January 8, when XRP began ranging at $ 2.20. The gathering lasted until January 16, when XRP reached the highest level at all times at $ 3.40.
At the time of writing this report, the XRP bulls are struggling to fracture above the resistance level of $ 3.20, which is also the flag resistance line. If this resistance is broken, XRP will likely break into another gathering.
Based on the upper gathering in January, the XRP price for February is about $ 4.5. This will represent approximately 50 % of the value of the value from the current price.
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