• Open interest jumps 20% to $3.89B in 24 hours.
• RSI climbs to 58, signalling bullish momentum.
• Risk remains if XRP loses $2.00 key support level.

Ripple’s XRP is gaining traction again, climbing steadily above the $2.00 mark after a volatile start to April. As of Wednesday, the token was trading at $2.26, buoyed by a renewed wave of risk appetite across crypto markets.

The upswing aligns with a broader shift in macroeconomic sentiment, driven in part by President Donald Trump’s softened stance on Federal Reserve Chair Jerome Powell and a fresh call for rate cuts.

The President’s pivot has sent ripples across asset classes, including Bitcoin, Ethereum, and Solana—bringing renewed optimism to the altcoin sector, with XRP front and centre.

Trump’s Fed policy pivot lifts risk sentiment

US President Donald Trump’s recent remarks—clarifying he has no intention of removing Fed Chair Jerome Powell—helped calm investor nerves.

Trump’s earlier criticism, which accused Powell of being slow to cut rates, had fuelled speculation of a shake-up at the central bank.

However, on Tuesday, Trump told reporters that the media had exaggerated his stance, stating, “Never did. The press runs away with things.”

Despite standing by his earlier concerns, Trump’s softened tone came alongside a renewed push for the Fed to lower interest rates.

That aligns with ongoing discussions around tariff negotiations, with the administration reportedly aiming for a temporary deal with China in the short term, followed by a comprehensive agreement within two years.

Markets responded positively. Bitcoin, Ethereum, and Solana posted intraday gains, reflecting the return of risk-on appetite. XRP also capitalised on the moment, continuing its uptrend and gaining technical strength near its short-term resistance levels.

XRP climbs above key moving averages

XRP’s price is holding firm around $2.22–$2.26, bolstered by support from both the 50-day and 100-day Exponential Moving Averages.

Source: CoinMarketCap

These indicators have acted as a confluence resistance zone, but XRP’s consistent testing of this level points to an attempt at a sustained breakout.

Momentum indicators are confirming the bullish bias. The Relative Strength Index (RSI) rose above 58 at the time of writing, heading towards overbought territory.

A continuation of this trend could allow XRP to challenge the descending trendline and make a run for the $3.00 psychological resistance.

Open interest and liquidations suggest trader confidence

XRP’s derivatives market data shows a clear tilt towards bullish positioning. According to Coinglass, open interest surged by over 20% in the past 24 hours to reach $3.89 billion.

That uptick confirms a renewed interest in the asset, with short positions liquidated to the tune of $8.46 million—vastly outpacing the $2.63 million in long liquidations.

The long-to-short ratio stood at 1.0243, indicating more traders are betting on continued upside.

Such a surge in leverage often raises the potential for short-term corrections. If profit-taking follows, XRP could revisit support levels. A confirmed close above the 50 and 100-day EMAs would be necessary to validate a longer-term breakout.

Caution if XRP slips below $2.00 support

If the bullish momentum stalls, XRP risks falling back toward its next key support level at $2.00. A break below this zone could invite further declines, potentially targeting the 200-day EMA around $0.96 and the $1.80 demand zone.

These levels remain crucial for maintaining XRP’s broader uptrend structure.

With macroeconomic sentiment shifting and Trump’s messaging turning less combative, XRP appears well-positioned to benefit from increased risk appetite in the short term.

However, confirmation through price action and technical closes above resistance will be essential before any sustainable push to $3.00.

Bitcoin maximalists are facing criticism for attacking former President Donald Trump over his stance on cryptocurrency. Pro-XRP lawyer Bill Morgan has called out Bitcoin supporters for their reaction to Trump’s proposal to include multiple digital assets, including XRP and Ethereum, in a strategic reserve.

Pro XRP Lawyer Bill Morgan Defends Trump’s Crypto Proposal

In a series of posts on X, Pro XRP lawyer Bill Morgan criticized Bitcoin maximalists for their strong opposition to Trump’s crypto stance. He accused them of being ungrateful despite Trump’s efforts to foster innovation in the digital asset space.

“For eight years or more, the crypto industry was under attack, and now there is finally the most powerful world leader fostering crypto and innovation and not attacking it,” Pro XRP lawyer Bill Morgan stated. He argued that instead of appreciating Trump’s support for digital assets, Bitcoin supporters were discrediting him for not favoring Bitcoin alone.

Morgan also responded to claims that Ripple creates XRP “out of thin air,” dismissing them as either dishonest or uninformed. He pointed out that XRP has a finite supply and its total number is gradually decreasing due to transaction fees. He also noted that Ripple’s escrow system controls the release of XRP and that Ripple’s holdings are steadily decreasing as more XRP is owned by the broader market.

Bitcoin Maximalists Reject XRP, SOL, ADA and ETH in Reserve Plans

Bitcoin maximalists, including veteran trader Peter Brandt and Gemini co-founder Tyler Winklevoss, have expressed strong opposition to Trump’s inclusion of Ethereum and XRP in a strategic reserve.

Brandt stated that Trump’s stance on digital assets had “greatly destroyed his credibility” in his view. He argued that Bitcoin was the only cryptocurrency that should be considered for such a reserve. Winklevoss echoed similar sentiments, saying that while he had nothing against XRP, Solana, or Cardano, he did not believe they met the standards required for a strategic reserve.

“Only one digital asset in the world right now meets the bar, and that digital asset is Bitcoin,” he stated.

Coinbase CEO Brian Armstrong also weighed in, stating that a reserve consisting only of Bitcoin would be the simplest option. However, he acknowledged that if variety were necessary, a market cap-weighted index could be an alternative.

Divided Reactions in the Crypto Community

The debate over Trump’s proposal has highlighted deep divisions within the crypto community. While some see his stance as a positive step for the industry, others remain firm in their belief that Bitcoin is the only asset suitable for a reserve.

Peter Schiff, a Bitcoin critic, acknowledged the logic behind a Bitcoin reserve but questioned why XRP should be included. “I get the rationale for a Bitcoin reserve. I don’t agree with it, but I get it,” Schiff said. “But what’s the rationale for an XRP reserve? Why the hell would we need that?”

Meanwhile, supporters of XRP argue that its utility and growing adoption make it a viable asset for inclusion. They believe that limiting the reserve to only Bitcoin would ignore other digital assets with unique use cases and growing market value.

This discussion on strategic reserves comes ahead of the White House Crypto Summit, scheduled for March 7. According to a report, the event will bring together industry leaders, investors, and policymakers to discuss the future of digital assets in the United States. Trump is expected to lead discussions on policies that could position the U.S. as a global leader in crypto innovation.

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Kelvin Munene Murithi

Kelvin is a distinguished writer with expertise in crypto and finance, holding a Bachelor’s degree in Actuarial Science. Known for his incisive analysis and insightful content, he possesses a strong command of English and excels in conducting thorough research and delivering timely cryptocurrency market updates.

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