Cryptographic markets were consolidated before the FOMC but not earlier than the rates remained unchanged, the tokens gained force. In addition, the cryptographic space was delighted when the CEO of Ripple, Brad Gardlinghouse, announced the end of an in progress with the dry. Meanwhile, he said their fight to recover $ 125 million locked up in continuous sequestration, which could also reach a closure soon.
With the growing optimism on the next price action, the CEO makes 2 major complaints. First, he expects an ETF XRP to launch this year and, secondly, he thinks that XRP could be part of the digital asset reserves of the White House. With this, the XRP price exceeded $ 2.5 and tests the local resistance. However, bears restrict the rally, but it may not be for more time because the price is at the foot of a massive explosion.
As we can see in the graph above, the XRP price exceeded the descending descending line, which attracted a downward pressure. However, the rally remains above the gains, referring to an prolonged optimistic action. On the other hand, Ichimoku’s cloud is heading for a bullish crossover, while the downward influence on the token fades. Meanwhile, the MacD aims to increase in an increased range which could still offer enough boost to the XRP price rally.
Currently, the XRP price maintains the base line as a solid support, which should trigger a strong increase soon. However, the token must increase and secure resistance to $ 2.88, which can offer a solid base to maintain the momentum. Consequently, now that the price is only 28% of its ATH at $ 3.85, future developments should push the XRP price to a new ATH.
