- Open interest rises 20% to $3.89 billion in 24 hours.
- RSI climbs to 58, signaling bullish momentum.
- Risks remain if XRP loses the key $2.00 support level.
Ripple’s XRP is picking up momentum again, steadily trading above $2.00 after a volatile start to April. On Wednesday the token was quoted at $2.26, buoyed by renewed risk appetite across cryptocurrency markets.
The rally coincides with a broader shift in macroeconomic sentiment, partially driven by a softer stance from President Donald Trump regarding Federal Reserve Chair Jerome Powell and fresh calls for rate cuts.
The change in tone has affected multiple asset classes, including Bitcoin, Ethereum and Solana, sparking renewed optimism in the altcoin sector with XRP taking a leading role.
Trump’s monetary policy shift boosts risk sentiment
Recent remarks from U.S. President Donald Trump clarifying he does not intend to remove Federal Reserve Chair Jerome Powell helped to ease investor nerves.
Earlier criticisms from Trump, accusing Powell of being slow to cut rates, had fueled speculation about a shake-up at the central bank.
On Tuesday, Trump told reporters the media had exaggerated his position, saying: “They never did. The press gets away with it.”
Although he maintained earlier concerns, Trump’s softened tone came alongside renewed pressure for the Fed to lower interest rates.
That shift arrives amid ongoing tariff negotiations, with reports suggesting the administration is targeting a short-term interim deal with China followed by a comprehensive agreement within two years.
Markets reacted positively. Bitcoin, Ethereum and Solana posted intraday gains, reflecting a return of risk appetite. XRP took advantage of the momentum, extending its uptrend and gaining technical strength near short-term resistance levels.
XRP rises above key moving averages
XRP price has held firm around $2.22–$2.26, supported by the 50- and 100-day exponential moving averages (EMAs).
Source: CoinMarketCap
These indicators have formed a zone of confluence resistance, but XRP’s repeated tests of that area suggest an attempt at a sustained breakout.
Momentum indicators corroborate the bullish trend. The Relative Strength Index (RSI) rose above 58 at the time of writing, moving toward overbought territory.
If the trend continues, XRP could challenge the descending trendline and target the psychological resistance near $3.00.
Open interest and liquidations signal trader confidence
Derivatives market data for XRP points to a clear bullish tilt. According to Coinglass, open interest jumped more than 20% in the last 24 hours to $3.89 billion.
That surge confirms renewed engagement with the asset, with short positions liquidated for $8.46 million—far exceeding $2.63 million in long liquidations.
The long-short ratio stood at 1.0243, indicating slightly more traders are betting on further upside.
A sharp rise in leverage like this often raises the risk of short-term corrections. Should profit-taking occur, XRP could retreat to support levels. A confirmed close above the 50- and 100-day EMAs would be necessary to validate a longer-term bullish breakout.
Caution if XRP slips below $2.00 support
If bullish momentum stalls, XRP faces the risk of pulling back toward its next key support at $2.00. A break beneath that area could open the door to further declines, with the 200-day EMA near $0.96 and the $1.80 demand zone as potential targets.
These levels remain important to preserve XRP’s broader uptrend structure.
With shifting macro sentiment and a less combative message from Trump, XRP looks well positioned to benefit from heightened short-term risk appetite.
However, confirmation via price action and technical closes above resistance will be essential before any sustained push toward $3.00 can be expected.