- The XRP price earns a force greater than $ 2.00, gathering alongside Crypto Majors Bitcoin, Ethereum and Solana.
- The President of the United States, Donald Trump, specifies that he does not intend to dismiss the president of the Fed, Jerome Powell.
- Trump urged Powell to be proactive and reduce interest rates.
- The XRP price is looking for a break above a crucial descending trend line on the daily graphic.
Ripple (XRP) Price continues to recover above the support at $ 2.00, trading at $ 2.23 at the time of Wednesday’s editorial staff. The cross -border toilet for money transfer shows signs of a sustainable rise trend, looking at psychological resistance at $ 3.00, in particular with the feeling of risk of return to the market after a massive decklessness at the beginning of the month.
President Trump removes the president of the Fed Powell, calls for rate reductions
The President of the United States (United States), Donald Trump, clearly said on Tuesday that he did not intend to dismiss the president of the Federal Reserve (Fed), Jerome Powell, adding that “the press fled with things”. However, the president urged Powell to be proactive in reducing interest rates.
“Never did it. The press fled with things. No, I have no intention of dismissing him,” said President Trump to journalists.
This change in the song comes after President Trump criticized Powell so as not to be fast and proactive enough to reduce interest rates. “Powell’s termination cannot come quickly enough,” wrote the president on Truth Social, his social media platform.
The Fed has held stable interest rates since the beginning of 2025 after several more discounts at a complete percentage point in 2024. Powell said in recent remarks that the central bank would remain cautious, warning that prices could have a greater impact on the economy and potentially lead to an increase in inflation, which has remained obstinately above the Fed 2%.
President Trump’s comments stabilized the markets, Bitcoin (BTC), Ethereum (ETH) and Solana (ground) rallying in tandem during the American session on Tuesday. The administration has also reported progress in tariff negotiations, suggesting that the United States could conclude a temporary agreement with China, followed by a complete trade agreement in two years.
The XRP price bursts as the feeling of risks improves
The price of XRP seeks support greater than around $ 2.22, a level of resistance to the confluence established by the exponential mobile averages of 50 and 100 days (EMA) at the time of the editorial staff.
The ascent of the relative resistance index (RSI) above the central line and pointing north to 56.61 increases the issues in favor of the bulls. If the upward trend will continue towards exaggerated territory, the chances of violation of XRP violating the resistance of downward trends and filling the gap to $ 3.00 would increase considerably.
XRP / USD daily table
According to Correglass derivative data, open interests have jumped from more than 20% to 3.89 billion dollars in the past 24 hours, affirming the feeling of risk. Short -position liquidations reached $ 8.46 million during the same period, compared to $ 2.63 million in long positions. A long -standing / short ratio suggests that more traders are betting on higher XRP trends.
XRP derivative data | Source: Coringlass
On the other hand, such a peak of open interest could be followed by a net reversal because the traders adjust the wallets and make the profits. Consequently, it would be prudent to seek a daily closure above the EMA of 50 and 100 days to determine the trend of the upward trend before adding to their open positions.
If the XRP price slides below the medium of moving, the decreases could affect the crucial support of $ 2.00. Beyond this short-term support area, the fall of EMA from 200 days to $ 0.96 can speed up losses, which brings the request area of $ 1.80 in sight.
