US President Donald Trump is trending on February 19, 2025, following a post he made on Truth Social regarding Ripple Labs and XRP token.
His comment was the indication of a “Trump effect,” which has the ability to sway the market concentration of XRP as well as draw the attention of investors. This is in the wake of Ripple experiencing massive growth in U.S. business opportunities.
Trump’s Impact on Ripple
President Trump’s tweet created hysteria among the crypto community. Based on his own statement, the tweet shows that Ripple is more keen on the U.S. market, who would embrace XRP.
Ripple CEO Brad Garlinghouse also filed a statement that the company handled more transactions rooted in the United States in the recent couple of periods compared to the recent half-year, and it was because of more political support and market conditions.
Ripple has strong connections with Trump’s administration. Ripple funded the Fair Shape PAC during the campaign, and Ripple officials have previously met with Trump. Although Trump’s impact on Ripple is not confirmed, his recent tweet shows support for the currency.
XRP’s Market Performance
Since reaching its all-time high on Feb 15, 2025, at $2.83 for XRP, it has declined. Crypto analyst EGRAG Crypto maintains that the cryptocurrency is not crashing, it’s merely creating a larger ascending triangle pattern. XRP declined by around 7.5% in the past three days, recording levels below important psychological levels of $2.7 and $2.6.
EGRAG analysis says the pullback here is normal market action following the recent surge. The analyst is reassuring investors not to panic, saying that pullbacks are required for proper functioning of the markets.
Technical Analysis of XRP
As XRP makes a retracement, it outputs a symmetrical triangle, a breakdown of which is closely observed by traders. EGRAG believes that the recent retracement allows XRP to find a foothold inside the formation. The asset has to remain above the lower trendline to avoid more losses.
In the event that XRP drops below this trendline, the support would be at $2.47. Alternatively, a breakout victory and consolidation would have XRP going up as far as the $2.9 level as well as breaking above $3.
XRP currently is trading around $2.53, a 1.10% decrease. Market interest is wondering if XRP will still maintain its bull trend following this period of consolidation or not.
As Ripple continues to map its business landscape in the U.S., technical analysts concede that XRP is far from free fall but is correcting naturally. Investors and market participants must take close note of these incidents.
