#TrumpTaxCuts (XRP) decreased by 3.24%, bringing its price to $2.987.
This decline is attributed to several factors, most notably recent political developments, such as Argentine President Javier Milei's announcement of a new cryptocurrency that raised concerns about the potential for it being a scam, leading to a decrease in investor confidence in the cryptocurrency market.
Technically, XRP faces resistance at the $2.50 level, with strong support at $2.36. The Relative Strength Index (RSI) shows a neutral reading at 52, indicating a balance between buying and selling forces.
Looking ahead, some analyses predict that the price of XRP could reach $3.35 in the near term, especially if the currency can break through current resistance levels. However, these predictions depend on several factors, including