Trump’s Support and Powell’s Economic Policy

Ripple’s XRP coin is facing a critical moment when winners Donald Trump and Federal Reserve Chairman Jerome Powell, two influential figures, could shape its future. While Trump’s support could potentially push the XRP price to $1.3, Powell’s latest comments point to possible pullbacks.

In this article, we will examine the key factors affecting the XRP price today and evaluate whether XRP can overcome resistance or face a decline due to economic pressures.

Trump’s Impact: Can XRP Pass $1?

Recent XRP news suggests Trump’s business-friendly approach could help Ripple gain the regulatory clarity it needs. Ripple’s CEO hinted that Trump’s policies could create a path for XRP Ripple to grow. With this support, XRP price USD could rise above the current resistance at $0.59971. This level is closely watched by the crypto community, and if Trump’s support strengthens, XRP price could move towards $1 soon today. As a result, $1.3 becomes a potential target for XRP stock if the momentum continues.

XRP crypto price is currently between $0.5422 and $0.5593, but Trump’s support could push the XRP coin higher. In the past, positive regulations have led to growth in crypto XRP values. This shift could attract new interest, especially from beginners who want to see how XRP stock responds to policy changes.

Powell’s Speech and Ripple Effect: A Warning for XRP?

While Trump’s return is promising for Ripple, Powell’s recent statements on interest rates raise new concerns. The Federal Reserve’s plan to maintain high rates could hurt the cryptocurrency market, including the XRP price USD. Powell’s comments led to cautious expectations regarding XRP coin price growth, as economic policies could slow the cryptocurrency market’s rise.

Some in the market are worried that Powell’s approach could halt XRP price movements. Currently, XRP has a support level at $0.45251, but there could be a larger decline if XRP falls below it. Powell’s influence on economic policy is an important factor to watch for XRP stock holders looking for signs of market stability.

XRP Price Indicators: RSI and Moving Averages Show Mixed Signals

Despite mixed signals from Trump and Powell, XRP’s own indicators offer a diverse outlook. The 10-day Moving Average of $0.52235 and the 50-day Moving Average of $0.54625 show that the XRP price is stable today but not strongly bullish. Meanwhile, the RSI level at 57.7 is showing some positive momentum. However, the MACD Level of -0.00179 indicates that XRP volatility may see a slow rise rather than a rapid increase.

Technical analysis shows that the XRP coin price is near a decision point. If buying interest increases, crypto XRP could surpass the resistance levels at $0.59971 and $0.69043. These levels could help XRP move closer to $1.3, a target for many XRP supporters. However, if Powell’s influence is stronger, the XRP price could remain below $0.50, delaying any uptrend.

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Conclusion: Trump and Powell – What’s Next for XRP?

Ripple’s XRP faces two possible directions depending on Trump’s support and Powell’s cautious approach. Possible regulatory support from Trump could help the XRP crypto price reach $1.3, while Powell’s economic policies could put further short-term pressure on XRP USD.

XRP may be waiting for its big moment, but you don’t have to! Minotaurus ($MTAUR) offers a low entry and exciting benefits for owners; Everything you need to take your portfolio to the next level while you wait.