The XRP price has reached its highest level in over a month as cryptocurrencies experienced a rebound. One factor behind XRP's rise is the increasing usage of Ripple's stablecoin RLUSD, which has attracted over $72 million in assets and has become the sixth-most used stablecoin in the crypto market. XRP's rally has also been supported by the growth of Ripple meme coins. Additionally, there is speculation that XRP could continue to rise as Donald Trump's inauguration approaches, with investors anticipating significant changes at the Securities Exchange Commission. Technical analysis suggests that XRP's current bullish momentum may continue, with the next resistance level to watch being $2.9150.



Other News from Today