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XRP Price Prediction & Analysis: Trump’s Crypto Plan Disappoints, But Analysts Eye 700% Rally
The recent announcement by President Trump regarding his administration’s plan to stockpile digital assets in a reserve has left many investors disappointed. Despite the initial drop in XRP price following the news, analysts are still optimistic about the cryptocurrency’s potential for growth.
XRP fell 2% to $2.35 after Trump’s digital asset stockpile announcement disappointed investors
Although the plan does not specifically allocate funds for acquiring additional XRP, the fact that it includes Bitcoin and other cryptocurrencies in the reserve is a step in the right direction for the crypto community. Danny Scott, CEO of exchange CoinCorner, described this as “massively positive for Bitcoin.” This could potentially create a one-way flow that supports the price of Bitcoin over time.
The news had less favorable implications for altcoins like XRP, however. The inclusion of XRP in the stockpile does not come with the same acquisition provisions as Bitcoin, which could limit its potential growth. Despite this, some market analysts remain optimistic about XRP’s future prospects.
EGRAG CRYPTO has identified two potential price targets based on historical patterns. The first target is $9.70, derived from a triangle breakout pattern analysis. The analyst suggests that investors consider taking profits gradually at $8, $9, and $10 rather than waiting for an exact peak.
A more ambitious second target places XRP at $27. This projection is based on XRP’s performance during the 2017-2018 bull run, when it surged by 718% from a breakout point.
Ali Martinez, another crypto expert, notes that XRP is currently consolidating within a symmetrical triangle pattern. A breakout from this formation could trigger a 23% price move. Whale activity has been increasing over the past three weeks, indicating growing participation in the XRP network, though it could reflect both buying and selling pressure.
Several factors continue to influence market sentiment around XRP. These include anticipation of the conclusion of the Ripple vs SEC lawsuit and speculation about a potential XRP ETF in the US.
