The post Why XRP Is Up Today: Ripple’s Moves Fuel Price Spike appeared first on Coinpedia Fintech News
XRP is grabbing attention today, jumping to $0.68925—up 11.62% in just 24 hours. Trading volume has also exploded to $11.83 billion, a 167.31% boost. In XRP news today, Ripple’s recent moves, a big meeting with Trump’s team, and positive market vibes are driving excitement. Here’s what’s pushing ripple’s token up and where it could go next.
Ripple’s Meeting with Trump’s Team Spurs Optimism
Ripple’s team just met with President-elect Trump’s advisors, and people are talking. CEO Brad Garlinghouse confirmed the meeting with a subtle hint, sparking hopes for new, friendlier crypto regulations. If Ripple gains support from the new administration, it could open the door to easier rules for XRP and maybe other digital assets, too.
The SEC’s legal fight with Ripple is also part of today’s XRP rally. Last year, Ripple won a big victory when Judge Analisa Torres ruled XRP wasn’t a security. But the SEC’s appeal has kept prices in check. New rumors that SEC Chair Gary Gensler might step down are fueling even more optimism. If Gensler leaves, some say the SEC might drop its appeal, a move that would likely push Ripple’s token even higher.
Strong Market Action and Bullish Signals Show Momentum
XRP’s price is moving with real strength today. It’s testing resistance at $0.744, with solid support at $0.646. Right now, technical indicators are looking good. The Relative Strength Index (RSI) is at 73.84, signaling a bullish correction. The Average Directional Index (ADX) at 31.21 also shows that this upward trend has strength behind it.
For traders, the big numbers to watch are resistance levels at $0.69, $0.72, and $0.75. If XRP breaks through these levels, it could mean more gains ahead. Plus, the massive trading volume—now at $11.83 billion—shows there’s strong buying interest backing up this rally.
Market Buzz and Whale Activity Push XRP’s Rise
It’s not just numbers driving XRP’s rally; there’s real buzz around it. Data from Santiment shows that XRP-related chatter is taking up more than 4% of all crypto talk on social media. This spike in discussions shows strong market interest and that investors believe XRP might hold its gains.
Whales—big investors in the crypto world—are also active with this token, and they’re influencing price action by balancing out the buying and selling. Santiment says this activity is partly due to FOMO (fear of missing out), pulling in even more traders. Watching funding rates on exchanges like Binance will be important to see if this rally can hold up or if there’s a risk of over-leveraging that could lead to a drop.
What’s Next
XRP’s future looks optimistic. Ripple’s recent legal wins and possible new support from Washington could give XRP the boost it needs. Investors are watching closely to see if XRP can keep climbing past resistance points and if any changes come from the SEC. For now, Ripple’s mix of legal wins, political connections, and strong market excitement suggests that XRP’s rally might still have room to run.
Current price of the XRP token is $0.68925.
According to Coinpedia’s forecast, XRP can go beyond $5 in the next 10 years.
XRP is available on all major cryptocurrency exchanges.
