The price of XRP has managed to stay in the green area with the positive developments in the market today. In particular, after the reports on the Ripple CEO’s participation in Trump’s Crypto Council, the debate on the inclusion of the XRP in the US National Reserve gained momentum. In this context, a famous lawyer explained what price level Ripple’s local crypto currency should reach the US Strategic Reserve.
Lawyer announced the expected level for the XRP price
The idea of adding the XRP to the US Strategic Reserve was the subject of discussion, especially with some US states to initiate Bitcoin reserves. However, not all suggestions coincide with the expectations of the public. In the province of Utah, Blockchain and Digital Innovation Changes, which are thought to establish Bitcoin strategic reserves, have been criticized by many. Stating that this bill does not cover Bitcoin, a suspicious user stressed that the bill never mentioned Bitcoin. Santiago Velez, the founding partner of Block Digital, supported this view and criticized the misleading narratives about the law.
Nevertheless, Ripple’s local crypto currency is still an important issue in reserve discussions. Fred Rispoli, a pro -XRP lawyer, said that Bitcoin is only suitable for such a reserve, according to the current framework. However, if the XRP reaches $ 5, it can meet the requirements. This statement fueled market debates with the fact that XRP remained well below the current price.
Crypto currency, can be $ 5?
Today, the XRP price increased by approximately 4 %and traded at $ 2.39 levels and the transaction volume increased by 19 %to $ 8.85 billion. The highest 24 -hour price of XRP was recorded as 2.53 dollars and the lowest price was 2.28 dollars. In addition, the current RSI level is 37 indicates that there may be a strong momentum in front of the crypton. A market expert shared an optimistic prediction for Ripple’s local crypto currency. Rose Premium Signals, the famous market expert, said the last decline offers an excellent accumulation opportunity for a possible rally of XRP. The expert set its target for $ 4.95 for the XRP price, while stressed that the levels of $ 3.4 and $ 4.21 are critical levels.
Critical levels for XRP
The analysis, which draws attention to significant levels for XRP price, is also increasing. One of the prominent analysts, Ecrag Crypto said that the $ 2.67 level should be closed to continue the rise of the XRP. He also said that a closing above $ 2.81 will trigger a large rally. Another analyst Dark Defender said that the $ 2.33 level should be maintained to continue the upward movement of the XRP. 2.7 and $ 2.99 levels stand out as the next targets for Ripple.
The XRP price is currently at a critical point and in the consolidation phase, which increases the risk of dominance of the bear market. Popular market expert Casitrades said that important support levels are $ 2.16, $ 1.88 and $ 1.53. The expert stressed that prices may fall even more in case of a slow decline instead of a strong sales. It stands out as a critical support level, especially since its $ 1.88 level, 0.5 withdrawal and 2.618 extensions.
