XRP investors are hopeful for a potential price breakout as the token gains momentum. This optimism is fueled by the possibility of a resolution in Ripple's legal battle with the SEC and Donald Trump's proposal for a US Crypto Reserve. Despite a recent drop in price, analysts believe these factors could lead to a significant price rebound. Trump's announcement of the reserve initially excited investors, but disappointment set in when it was revealed that the reserve would use existing seized cryptos instead of creating new demand. The SEC has recently eased up on its aggressive actions, leading some to believe that Ripple may reach a favorable deal or receive a clear legal status for XRP. While XRP's price currently appears bearish in the short term, there are key technical indicators suggesting possible support levels that could lead to a bounce back. However, there is also a strong resistance level for XRP at the 20-day Exponential Moving Average.



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