Trump Fund's Purchase of XRP Sparks Market Optimism, XRP Price Rebounds

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As the end of the year approaches, XRP's price shows signs of recovery after a bear market. Recently, reports have surfaced that Donald Trump's fund is buying Ripple (XRP), news that has stimulated market optimism and sparked speculation about a bullish trend for XRP prices.

XRP Price Rebound and Predictions

Recently, XRP's price has stabilized above $2.30, although it experienced a week of decline, XRP has slightly rebounded in the past few days. According to the latest price trends, XRP is currently priced at $2.35, having risen 5% in the last 24 hours. On that day, XRP's price experienced significant fluctuations, with a low of $1.97—considered a strong support level; the high was $2.37.

Impact of Trump's Fund Purchase of XRP

According to reports, the Trump fund is actively purchasing XRP and HBAR tokens, a move that aligns with internal news from Trump's transition team. Sources indicate that Trump may be preparing to establish a national cryptocurrency reserve. This move will undoubtedly enhance investor confidence in XRP and positively impact its price trends.

XRP Technical Analysis: Bullish Trend Continues

From a technical perspective, XRP remains stable, with support in the range of $2.05 to $2.20, a level that has attracted a large number of buyers and bolstered positive market sentiment. Cryptocurrency analysts point out that if XRP breaks through $2.60, it could drive further increases. Based on current trends, XRP's next psychological target is $3.00.

Some analysts also note that XRP's historical price patterns may repeat, particularly the price behavior between 2017 and 2024. According to extrapolations from historical data, XRP could enter a new bull market, with target prices ranging from $8 to $13.

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