Trump's Crypto Reserve Boosts XRP to $2.79, Eyeing All-Time High

XRP, the native cryptocurrency of Ripple, has witnessed a significant surge in investor confidence and market participation following U.S. President Donald Trump's announcement of a "US Crypto Reserve." This development has sparked a 30% increase in XRP's price, with the altcoin trading at $2.79 at the time of writing.

The Chaikin Money Flow (CMF) indicator has shown rising inflows, signaling strong demand and potential for continued price gains. The uptick in active addresses and the Price DAA Divergence (PDA) indicator are also positive signs, suggesting that more individuals are entering the market and driving interest in the token.

XRP is eyeing a breakout above the $2.95 resistance level, with a potential push toward its all-time high of $3.40. However, profit-taking could cause consolidation, and the altcoin may face difficulties breaching the resistance if the rally slows. In this case, XRP could fall back below $2.70, leading to a short-term consolidation before any further price movements occur.

The surge in XRP's price reflects a crucial shift in market sentiment, with potential implications for future growth. Investors are optimistic, but cautious profit-taking could lead to temporary consolidation. The altcoin's capacity to break past resistance levels will be closely monitored in the coming days as market dynamics continue to evolve.