XRP has once again found itself in the spotlight, amid expectations that a US government disclosure could mark a decisive turning point in its price trajectory in the short term.
The US Treasury Department and several federal agencies are preparing to release an official report on their cryptocurrency holdings, a move markets are eagerly awaiting, especially in light of previous indications from the Trump administration regarding the creation of a strategic reserve for digital assets.
The focus is not only on Bitcoin, but also on alternative cryptocurrencies such as XRP, Solana, and Cardano, which were explicitly mentioned in Trump's previously announced plan.
While Arkham Intelligence data confirms the government holds approximately 198,000 Bitcoin, including XRP in this reserve could be a game-changing driver for the currency.
Markets initially responded positively to this move, with the price of XRP rising by 33% immediately after the plan was announced, before later falling to levels near $2.
With the official announcement imminent, investors are anticipating government confirmation that could reignite momentum and boost the prospects for new price highs.
Technical Analysis: Levels to Watch Carefully
Technically, XRP is facing a critical phase:
Critical support is currently at $1.21, a level that will keep the uptrend intact as long as it is not broken.
The current consolidation area is showing a sideways formation, likely part of a triangle pattern, indicating an approaching decisive move.
If the support at $1.77 is broken, the price may drop to the $1.20-$1.50 range.
As for the upward scenario:Immediate resistance is at $2.23, and a break above it opens the way to reach $2.56-$2.83.
To confirm a strong upward trend, the $2.57 level should be surpassed, with a potential target of $3.40 as a pivotal technical level.
Overall Rating:
With the US government's disclosure pending, XRP remains in a precarious but promising position.
Official confirmation of its status as a digital reserve could be a powerful bullish catalyst, boosting demand and restoring confidence in blockchain-based payment assets.
However, breaking the current support levels may expose the currency to a new downward wave.