XRP Price Prediction As Hedge Manager Says Donald Trump's Fund is Buying XRP

As the year comes to an end, the XRP price has shown signs of recovery after a week of bearish market. Reports suggest Donald Trump’s fund is purchasing XRP, sparking speculation about its impact on the token’s value. In this article, we’ll explore the XRP price prediction and what it means for investors.

XRP Price Prediction As Trump Buys XRP

XRP price is recently still hovering above $2.3, with the bullish trend seems to be getting back. After a slight decrease in the past week, the XRP price is seeing a slight recovery, and the BTC priceis hovering around $99k, fueling the optimism. As of Saturday, the Ripple price is trading at $2.35, marking a recovery of 5% within the last 24 hours. Ripple Pirce has experienced notable volatility during the day, with a recorded low of $1.97 which is acting as a strong support level and a high of $2.37.

A renowned hedge fund manager, Scott Melker, has confirmed that former President Donald Trump is actively acquiring XRP and HBAR tokens. This aligns with earlier claims from a source close to Trump’s transition team, hinting at a national cryptocurrency reserve.

“What Trump is doing is buying a bunch of crypto Bitcoin, XRP and HBAR for the U.S. under his entity”.

Impact of Trump’s Fund on XRP

The support for cryptocurrencies from the U.S. President Donald Trump may have ripple effects on ripple’s XRP as per recent reports. Such advancements can boost investors’ confidence and create a positive trend in the prices of XRP and make it a formidable presence in the crypto market.

XRP Technical Analysis

Top altcoins holds steady as bulls maintain control, defending the $2.05–$2.20 support level. This critical area has consistently attracted buyers, reinforcing positive market sentiment. Crypto expert suggest a break above $2.60 could trigger further upside momentum. XRP remains poised for growth, with $3.00 as the next psychological target.

Another Crypto analyst recently shared an X post highlighting a comparison between XRP’s 2017 and 2024 price trends. The chart shared in the post suggests XRP could mimic its previous bull run, potentially reaching $8–$13. The analysis shows historical patterns aligning with current market behavior, fueling excitement among XRP holders.

The XRP price shows a recovery signals and renewed market optimism, amplified by reports of Trump’s fund buying the token. With bullish trends and historical patterns aligning, investors anticipate potential long-term gains for Ripple.

Frequently Asked Questions (FAQs)

Trump reportedly sees XRP as pivotal under the “American Digital Commodity Act.”

The $2.05–$2.20 range is a critical support zone for XRP.

Analysts suggest a break above $2.60 could lead to $3.00.

Coingape Staff

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Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

Source: https://coingape.com/markets/xrp-price-prediction-as-hedge-manager-says-donald-trumps-fund-is-buying-xrp/