Since Bitcoin (BTC) tries to follow Golden Price Promotion in a Bullish prospect, Ripple Labs’ XRP has indicated early signs of imminent parabolic growth in the near future. The large Cap Altcoin, with a completely diluted appreciation of around $ 224 billion and an average trade volume of 24 hours of around $ 4.7 billion, has returned more than 10 percent in the last two days from a crucial level of support.
After being caught in a falling trend since the second inauguration of US President Donald Trump 
Donald Trump Donald Trump is an American former presidential politician, businessman and media personality, who served as the 45th President of the US between 2017 until 2021. Trump earned a Bachelor of Science in Economics of the University of Pennsylvania in 1968. Trump won the Presidential Election of 2016 as the Republican Party Nominee against Democratic party Nominee Hillary Clinton as he lost the popular mood. As President, Trump ordered a travel ban on citizens from different countries of Muslim majority, led military financing to build a wall on the border between the US-Mexico and to implement a family separation policy. Trump has remained a prominent figure in the Republican Party and is considered a likely candidate for the 2024 presidential elections President XRP price that was re -tested and restored of a crucial level of support of around $ 1.9 in the last few days.
XRP price card insights and predictions
In the meantime it is safe to say that the XRP price has already completed the first meeting of the Crypto Bull Rally 2024/2025 and is starting the next leg. From an Elliott Wave principle, the XRP price has completed the first wave and is now on the edge of the swing of the second wave, characterized by ABC correction.
From the point of view of technical analysis, the XRP price has formed a mega telephone structure in the daily period of time in recent weeks. In recent days, XRP Price has successfully returned from the lower edge of the mega telephone structure.
With the Daily Relative Strength Index (RSI) that forms a bullish divergence, the XRP price is well positioned to collect to $ 3 in the near future.
However, a consistent closure below the established support level of around $ 1.9 will cause further sale in the following weeks.
Factors that feed bullish prospects
As Coinpedia has explained in the past, Ripple Labs has made intentional efforts to build the XRPL network and improve the mainstream acceptance of XRP via the web3 -eco system. Ripple Labs has already launched a Fiat-Stunder Stablecoin on the XRPL called Rlusd to improve the liquidity for XRP-based Defi protocols.
In an attempt to guarantee sustainable future growth, Ripple Labs focused on working with supervisors around the world. While the SEC vs Ripple case is approaching the end under the Trump administration, the payment blockchain announced that it has guaranteed it approval from the Dubai Financial Services Authority (DFSA).
