The article discusses how XRP has been struggling to break through the $2.05 mark despite the approval of the Strategic Crypto Reserve in the U.S. The approval of the reserve did not result in an immediate increase in demand for assets like XRP. However, the announcement has boosted interest in cryptocurrencies among institutional and individual investors, which could lead to an influx of funds into the market over time. XRP is currently testing the $2.50 level but lacks the momentum to break through. The 50-day EMA at $2.30 is seen as strong support, and a decline below this level could lead to significant corrections and a retest of the $2.00 mark. The article advises investors to watch for further accumulation around important support zones until a clear break above $2.69 indicates renewed bullish momentum.



Other News from Today