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The XRP price edged up 1.4% in the last 24 hours to trade at $3.14 as of 02:29 a.m. EST on trading volume that surged 7% to $8.1 billion.
This comes as Bitcoin Maxi Pierre Rochard, vice president of research at Riot Platforms, said that Ripple lobbying is behind President Donald Trump’s to sign an executive order for a digital asset stockpile instead of a Strategic Bitcoin Reserve.
“It’s Ripple,” he said. “They are aggressively lobbying against the SBR by throwing around $millions at politicians, desperately trying to derail it.”
Ripple CEO Brad Garlinghouse said the company’s intention was not to hinder the creation of the Bitcoin reserve but rather support a reserve that may also include other tokens.
Unless you are choosing to ignore the core tenants of the POTUS campaign (which aggressively supports American companies and technologies), our efforts are actually INCREASING the likelihood of a crypto strategic reserve (which includes bitcoin) happening.
— Brad Garlinghouse (@bgarlinghouse) January 23, 2025
XRP Price Could Sustain Its Breakout
According to analysis of the Ripple token price on the daily chart, XRP is on a strong bullish trajectory that began in late 2024.
After a prolonged consolidation phase of around $0.55, the price of XRP experienced a sharp breakout in November, pushing XRP above key resistance levels.
This upward momentum was supported by increasing trading volume, which confirmed strong buying interest.
Following the initial breakout, XRP rallied to test the $2.77 level before entering a consolidation phase between $2.0 (support) and $2.7 (resistance), according to data from GeckoTerminal.
Moreover, the price of the Ripple token has been forming a higher low structure, indicative of sustained bullish sentiment.
The 50-day Simple Moving Average (SMA) at $2.5135 has acted as dynamic support during pullbacks, while the 200-day SMA at $1.16 remains far below, reinforcing the strong uptrend.
The most recent price action shows a breakout above $2.77, which suggests the possibility of a new leg higher.
Meanwhile, the Relative Strength Index (RSI) is currently at 64.46, hovering in bullish territory but not yet overbought (above 70). This indicates that there is still room for upward movement before the asset becomes overheated.
The Moving Average Convergence Divergence (MACD) line (blue) is positioned above the signal line (orange), and both are well above the zero line, indicating bullish momentum.
Ripple Token Price Prediction
Based on the current technical indicators and trends, XRP appears poised for further gains in the medium term.
If the XRP price can maintain its momentum and attract fresh buying interest, a retest of the $3.40 resistance followed by a breakout toward $4.00 is likely in the coming weeks.
However, if momentum falters, a retracement toward $3.00 or even $2.50 could occur before another attempt at new highs.
As the XRP price soars, investors are FOMO buying into a meme coin called Flockerz (FLOCK), which will list in just 3 days.
According to 99Bitcoins, a popular crypto channel on YouTube with over 722K subscribers, FLOCK has the potential to soar 100X after its launch.
Flockerz Heads For $14 Million—Last Chance To Buy Before Listing
Flockerz has blasted past $13.2 million in its presale, which has less than 3 days left before claim and listing.
The project stands out from typical meme coins with its FlockTopia DAO, which enables FLOCK holders to earn more tokens by voting on important decisions.
Here’s how it works: when someone acquires FLOCK, they automatically join FlockTopia. They can then vote on things like marketing strategies and token burns, and the smart contracts reward participants with extra tokens.
🐦 The Flockerz Presale phase has ended! 🐦
🔥Wen Launch: Monday January 27th at 2pm UTC
Until then, tokens can be purchased on our website or in the Best Wallet app at listing price@BestWalletHQ https://t.co/3NUrHUXJzR$FLOCK Fly Together. Developer announcements on the… pic.twitter.com/DdaJ9nGMb1
— Flockerz (@FlockerzToken) January 22, 2025
Apart from V2E rewards, users can also earn passively through the platform’s staking mechanism, which offers a sky-high annual yield of 242%.
Investors interested in joining the presale can visit the official Flockerz website to buy FLOCK tokens at $0.0066883 each using BNB, ETH, or USDT.
You can also make a purchase using your bank card. Buy before the token lists in 3 days.
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