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XRP is taking a break after hitting $3 as Crypto Trump takes shapePrices have returned to the downtrend line from the highs of January 16.
What to know: XRP rose by 25% to 3 dollars after Trump's announcement of strategic reserves, but has since fallen to 2.6 dollars, returning to the downtrend line from the January highs.
Technical indicators show a Rally— RSI dropped from overbought 70 to 48, MACD started declining below zero, and prices are below the 50-hour SMA $2,65(, but above the 200-hour SMA $2,50).
A day after Donald Trump unveiled plans for a strategic reserve of tokens alongside Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), and Solana (SOL ), XRP begins to catch its breath.
Crypto currency, focused on payments, rose by 25% in a few hours after Trump's publication in Truth Social, reaching 3 dollars, but has since dropped to 2.6 dollars at the time of publication. Prices have returned to the downward trend line from the highs of January 16th.