2025-02-04 04:12:28 by Benzinga

XRP XRP/USD roared back into momentum on Monday, as investors welcomed President Donald Trump's temporary relief on tariffs.  What happened: XRP rallied as much as 20%, recouping losses taken on ‘Black Sunday,' which saw the third-largest cryptocurrency by market value fall to two-week lows. In fact, XRP was the most successful large-cap cryptocurrency over the last 24 hours, outgaining Bitcoin BTC/USD, Ethereum ETH/USD, and Solana SOL/USD. See Also: Elon Musk Says Treasury Officials ‘Breaking The Law Every Hour’ By Approving Fraudulent Payments — DOGE Lead Wants A Blockchain Fix The sentiment was bolstered by an intriguing video by Jack Dorsey, Twitter founder and a known Bitcoin BTC/USD advocate. Dorsey posted a video on the decentralized social networking platform Primal, showing MicroStrategy co-founder Michael Saylor, a Bitcoin bull,  transforming into the symbol for XRP. Why It Matters: Several of XRP's technical indicators painted a bullish scenario. The Momentum indicator, which compares the short-term price and long-term price, flashed a "buy" signal, according to TradingView.  Similarly, the Bull Bear Power indicator, which measures the strength of buyers and sellers, tilted in favor of the bulls. More than 71% of XRP futures traders had long exposure to the cryptocurrency, according to Coinglass, indicating expectations of further upsides. Meanwhile, Polymarket odds that an XRP exchange-traded fund would get greenlighted in 2025 were at 80% as of this writing, following filings by Grayscale, CoinShares, and Bitwise. Price Action: At the time of writing, XRP was exchanging hands at $2.70, up 20.81% in the last 24 hours, according to data from Benzinga Pro. Image via Shutterstock Read Next:  How Does Pete Hegseth Feel About Bitcoin? His Financial Filings Reveal The Answer Market News and Data brought to you by Benzinga APIs© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.