XRP News: Whales Buy 60M Tokens as Trump Backs Crypto Reserve – Can XRP Hit $4?
XRP is making headlines today as it holds firm above the 20-day EMA, with whales snapping up 60 million tokens. Former President Trump’s proposal for a U.S. Crypto Reserve adds fuel to the fire. Will this convergence of factors propel XRP toward $4?
XRP Price Holds Key 20-Day EMA Support
XRP has demonstrated remarkable resilience, maintaining its position above the critical 20-day Exponential Moving Average (EMA) at $3. This technical level now serves as:
- A short-term floor for price action
- A potential springboard for higher moves
- A risk management marker for traders
Whales Accumulate 60M XRP: Bullish Signal?
On-chain data reveals striking whale activity:
Metric | Value |
---|---|
Whale purchases | 60M XRP |
Sell pressure drop | 93% |
Key accumulation range | 10M-100M XRP wallets |
Trump’s Crypto Reserve Proposal: Game Changer for XRP?
The political landscape shifted dramatically with Trump’s announcement of a U.S. Crypto Reserve that specifically includes XRP. This proposal:
- Names XRP alongside SOL and ADA
- Criticizes current regulatory approach
- Aims to position U.S. as crypto leader
XRP Price Analysis: Path to $4?
Technical indicators paint a mixed picture:
- MACD shows downward momentum
- EMA support holding strong
- Volume patterns suggest accumulation
FAQs
Q: Why is the 20-day EMA important for XRP?
A: The 20-day EMA acts as dynamic support/resistance and helps identify short-term trends.
Q: How significant is 60M XRP whale accumulation?
A: Large accumulations often precede price movements as they indicate strong investor confidence.
Q: What would Trump’s crypto reserve mean for XRP?
A: Formal recognition could improve regulatory clarity and institutional adoption.
Q: What’s the key resistance level for XRP?
A: $3.66 (ATH) and $4 are the next major psychological and technical hurdles.