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XRP Price Targets $4.4 as Altcoin Market Heats Up Under Trump’s Pro-Crypto Leadership
The altcoin industry has witnessed heightened volatility in the past 24 hours, following the inauguration of pro-crypto US President Donald Trump on Monday. As Bitcoin (BTC) price retests a crucial support level above $100k, more crypto investors are redirecting their focus to the altcoin market in anticipation of an imminent altseason.
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Furthermore, Bitcoin dominance has been displaying a macro reversal pattern, after reaching a major psychological resistance level exceeding 61 percent. XRP Price Aims for New ATH After breaching a multi-year high of approximately $3.4 last week, XRP price is currently trapped within a correction mode in the four-hour time frame. The large-cap altcoin, possessing a fully diluted valuation of around $309 billion and a 24-hour average trading volume of nearly $15 billion, has been creating a potential ABC correction that could result in a fresh bull run.
$XRP has broken out of a bullish flag and now targets $4.40! pic.twitter.com/nP3iDuOuxY — Ali (@ali_charts)
According to crypto analyst Ali Martinez, XRP price is well-positioned for an immediate bull rally towards $4.4 in the near term, following the potential breakout from a bullish flag.
Factors Fueling Bullish Outlook Since XRP overtook Tether’s USDT to become the third-largest cryptocurrency by market capitalization, more whale investors have flocked to the XRPL network. Additionally, the Trump administration has indicated that the cryptocurrency market will play a crucial role in the economic transformation of the United States within the next four years.
Given the significant XRPL developments and the mainstream adoption of web3 technology and digital assets, XRP’s price is well-positioned to continue leading in the subsequent crypto bullish leg.
Source: coinpedia.org
