The price of XRP, a cryptocurrency associated with Ripple, recently experienced a sharp rally fueled by rumors that President-elect Donald Trump may consider including it in the U.S. national reserve. However, the price has since dropped, and the token is now trading at around $3.14. XRP appears to have established support at the $3 level, but resistance is looming above $3.40. While there is speculation about Trump using XRP and other American cryptocurrencies to address the U.S. national debt, Ripple has debunked these rumors. The MACD indicator remains bullish for XRP, indicating continued upward momentum, but the intensity of the MACD histogram has declined slightly. The RSI indicator suggests strong buying pressure for XRP, although there may be a cooling-off period coming. Overall, the market is watching for further price volatility as the Inauguration Day approaches.



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