Trump’s Fed Comments Spark XRP Rally Amid Crypto Resurgence
25.04.2025 09:23
XRP has surged to $2.28 following an 8% rise in the past day, recovering from a monthly low of $1.64 and now eyeing the key $3.00 resistance level. The boost comes on the back of President Donald Trump’s confirmation that he has no plan to fire Federal Reserve Chair Jerome Powell before his term expires in May 2026, which has bolstered market confidence. In addition to XRP’s rebound, Bitcoin and Ethereum are also posting notable gains, with BTC climbing past $90,000 to trade at $94,000 and ETH rising by over 10% to $1,795. The derivatives market is active with trading volumes surging, and technical analyses, such as an emerging inverse head and shoulders pattern for XRP, point to potentially further bullish moves. Institutional investors are stepping in, as demonstrated by significant increases in trading volumes and open interests across markets, contributing to a more stable crypto landscape.
The positive sentiment from Trump’s Fed remarks and renewed institutional interest is fueling a bullish outlook for XRP. Its rebound from a monthly low, along with strong technical indicators like a 50-day SMA at $2.24 and an RSI in bullish territory, suggests short-term upward momentum. The surge in trading volumes and derivative activity adds confidence for a potential breakout above the $3.00 barrier, although volatility remains a factor in the immediate term. Long-term prospects look favorable if macroeconomic conditions stabilize further and technical patterns continue to hold.
Bitcoin’s recent move past the $90,000 level, supported by overall market optimism and positive institutional sentiment, indicates a reinforcing trend. The surge in volume and spillover effects from broader crypto market recovery suggest that BTC could continue to benefit in the short run. Increased investor confidence stemming from macroeconomic stability narratives may support longer-term gains, although BTC remains sensitive to global market movements.
Ethereum’s gain of over 10% to $1,795 reflects the positive momentum in the broader crypto market. The coin benefits from enhanced technical signals and increased institutional engagement similar to its peers. In the short term, ETH is likely to experience continued upward movement driven by bullish market sentiment, while in the long run, its performance will be influenced by network developments and market adoption trends.
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