XRP under pressure: Will the US government shutdown spark speculation?
XRP shows resilience, up 4.29% despite US government shutdown threats. Explore the price action and short-term predictions for Ripple.
XRP shows resilience, up 4.29% despite US government shutdown threats. Explore the price action and short-term predictions for Ripple.
XRP is trading around $1.40, posting a 4.29% gain over 24 hours, amid concerns over a potential US government shutdown. Despite political uncertainty in Washington, Ripple’s cryptocurrency demonstrates notable resilience, supported by a broader cryptocurrency market recovery of 3.77%.
The total crypto market capitalization now reaches $2.36 trillion, signaling a gradual return of investor confidence. XRP’s ability to maintain above the psychological support level of $1.40 reinforces the notion of constructive short-term momentum, though caution remains warranted given ongoing US political developments.
Rising trading volumes reflect renewed interest from traders. The immediate resistance at $1.45 represents the next technical hurdle, while holding above current support levels could favor further upside extension if macroeconomic conditions don’t deteriorate.
From a technical perspective, XRP is trading within a strategic consolidation zone. A confirmed break above $1.41 could pave the way toward the key $1.50 threshold, a major psychological level closely watched by market participants. Momentum indicators, particularly the RSI, show gradual improvement without signaling excessive overbought conditions.
Short-term moving averages (20-day and 50-day) are beginning to align favorably. A potential golden cross could attract new buyers and reignite bullish momentum. However, rejection below current levels would expose the price to a return toward the $1.35 zone, previously tested during recent corrections.
Regarding the impact of a potential US shutdown, effects remain mixed. Some investors view digital assets as an alternative amid institutional turbulence, while a prolonged shutdown could heighten regulatory uncertainty. The next 48 hours will therefore be crucial in assessing the strength of this recovery.
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