Ripple's XRP Surges 30% on Trump Announcement, Bulls Eye All-Time High

Ripple's XRP surged by 30% following a significant announcement by U.S. President Donald Trump, sparking massive interest in the cryptocurrency and driving its value to new heights. The increase in XRP's price and investor activity has been accompanied by a surge in market activity, which often bodes well for long-term price growth.

The Price DAA Divergence (PDA) indicator suggests that the prospects of buying XRP are favorable, as the coin's price and investor activity are on the rise. The increase in the number of active addresses indicates that more people are entering the market, which increases interest in the token. This positive signal for the price of XRP is further supported by the Chaikin Money Flow (CMF) indicator, which shows a sharp rise, indicating that investors are actively buying XRP.

At the time of writing, XRP is trading at $2.7, marking a 30% increase over the past 24 hours. Bullish factors are bringing XRP closer to breaking through resistance at $2.95. If this level is broken, XRP could rise to $3.00, setting the stage for further gains. If the price continues to break through resistance, XRP could test its all-time high (ATH) of $3.40, potentially leading to new records for the altcoin.

However, if the rally slows down and investors start taking profits after the recent surge, XRP may find it difficult to overcome resistance at $2.95. In this case, the altcoin could fall below $2.70, which would temporarily halt the rise and lead to a short-term consolidation before further price changes.