XRP experienced a rally after Donald Trump mentioned plans for a strategic token reserve including various cryptocurrencies. However, the price has since pulled back and is currently below key moving averages. Technical indicators suggest potential for a renewed move higher, but prices remain weak. The rally exhausted buying pressure and the breach of the 50-hour SMA indicates short-term bearish control. The current price is at a pivotal point, with a break below $2.50 risking further declines and a move above $2.65 potentially targeting $3 and above. Momentum currently favors bears short-term, and speculators should watch for volume and decisive moves for further positioning.



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