XRP Rising with Trump is Retreating: Will the Rally Continue? Here are the Important Prices! - Coin Bulletin

Ripple, which rose with the statement of US President Donald Trump yesterday, is experiencing a pullback today, and is at the stage of deciding between price levels that will determine whether the rally will continue or not.

After US President Donald Trump mentioned plans to create strategic reserves for Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), Solana (SOL), and Ripple (XRP), XRP price surged rapidly, but now the price is experiencing a pullback.

Following Trump's statement, the XRP price quickly increased by 25% to reach $3. However, it could not sustain this level and dropped to $2.52. This decline coincided with the retest point of the descending trend line that XRP has been following since January 16 and broke with the rise yesterday, indicating ongoing uncertainty in the market.

(# What Do Technical Indicators Say?

Technical analysis indicators gave important signals about XRP's short-term price movements. The Relative Strength Index )RSI### rose to 70 on Sunday, entering the overbought zone, but then fell to 48, indicating increased selling pressure. The 50-hour simple moving average SMA( at $2.65 suggests this area could act as strong resistance. The longer-term support is the 200-hour SMA at $2.50.

In addition, the MACD indicator used in hourly charts confirmed the downward trend by falling below the signal line when the price reached $3. While the Bollinger Bands show the upper limit at $2.9 and the lower limit at $2.4, the balancing at $2.6 indicated a decrease in market volatility.

Critical Levels for XRP)

XRP is currently testing the $2.69 level near the resistance and there are key levels for short-term movements. If the price falls below $2.50, the downward trend may accelerate and a more severe decline could occur. However, if the $2.65 level is surpassed to the upside, there may be a possibility of a renewed rise towards $3.