NAIROBI (Coinchapter.com)— Ripple (XRP) price skyrocketed to a monthly high of $2.58 following President Donald Trump’s announcement that the altcoin would be included in the U.S. crypto strategic reserve. The news boosted market sentiment, pushing XRP past Tether (USDT) to become the third-largest cryptocurrency.
XRP’s Short Liquidations Hit $45M—More Upside Incoming?
XRP’s price explosion isn’t just speculation—it’s backed by aggressive short liquidations. Data from Coinglass shows that in the last 24 hours, XRP recorded $45 million in short liquidations, its highest in six months.
Crypto traders are now eyeing a potential move past $3, with speculation that Ripple CEO Brad Garlinghouse’s upcoming appearance at the White House Crypto Summit could further cement XRP’s role in U.S. regulatory conversations.
Trump’s Crypto Reserve Post Sparks Insider Trading Allegations
While XRP soars, suspicions of insider trading have surfaced. Reports from Bitcoin News and Wise Crypto point to a mysterious crypto whale who allegedly placed a 50x leveraged long bet on Bitcoin (BTC) and Ethereum (ETH) just before Trump’s post.
The trader turned a $4 million position into $200 million, closing most trades within a day and securing $6.8 million in profit. His timing? Perfectly aligned with Trump’s Truth Social post confirming the U.S. Crypto Reserve.
“If crypto had dipped even slightly, he would’ve been liquidated,” Wise Crypto noted.
The suspiciously timed trade has raised concerns about whether Trump’s announcement was front-run by insiders—or if it was just an incredibly lucky bet.
Can XRP Hit $3 or Higher? Analyst Predicts Massive Move
XRP’s chart signals a bullish breakout, ending weeks of downward movement within a descending parallel channel. Trump’s endorsement pushed the price past $2.90, breaking resistance and shifting momentum in favor of buyers.
However, profit-taking has triggered a pullback to $2.66, cooling off the rally. Despite the dip, XRP remains above the broken trendline, keeping bulls in control as long as support holds.
The Relative Strength Index (RSI) at 53.75 suggests room for more upside if buying pressure increases. Meanwhile, the Balance of Power (BoP) at -0.62 shows bears are trying to regain control. If XRP stays above $2.50, the bullish trend remains intact.
Whales are offloading XRP at an unprecedented rate, cashing in after the token’s 500% rally since November. Crypto trader Miles Deutscher suggested this may indicate a distribution phase, where large holders sell to retail investors before a potential cooldown.
According to trader @Learnernoearner, XRP is now retesting key support between $2.646 and $2.505. Holding above this zone could trigger another leg up, but if sellers break through, a deeper correction may follow.
However, XRP still faces a psychological resistance at $3.00. If buying pressure remains strong, traders could push the price higher, bringing XRP within striking distance of its all-time high.
With Trump’s endorsement, rising short liquidations, and institutional interest, XRP’s rally could have more fuel left. But if hype fades and profit-taking kicks in, a correction could follow.