XRP News: Whales Buy 60M Tokens as Trump Backs Crypto Reserve – Can XRP Hit $4?

XRP coin holding strong above 20-day EMA with whale accumulation and political endorsement

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.

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