The Ripple Effect: Is XRP the Digital Gold Everyone’s Talking About?

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Oh, what a lovely day for the cryptocurrency market! On Saturday, April 26, XRP gracefully soared past the $2.20 mark, propelled by none other than Trump’s delightful calls for rate cuts and a miraculous softening of tariffs. Naturally, this triggered a joyful frenzy, sending the global crypto market cap to an eye-popping $3 trillion. A Ripple insider, ever so candid, weighs in on XRP’s potential as the new ‘digital gold‘ while a surge in fees burned on XRP dances merrily at a 38% increase. 💰

Ripple (XRP) Holds $2.20 Support as Crypto Market Cap Crosses $3 Trillion

On that fateful Saturday, April 26, XRP proudly surged above the $2.20 threshold, leaving its haters and doubters behind. This boost came courtesy of Trump’s rambunctious rhetoric—his calls for rate cuts and his latest stance on tariffs unleashed a wave of optimism across global financial markets. The crypto market capitalisation? Oh, just a casual little record-breaking moment, climbing past $3 trillion.

And as Bitcoin flirts with a 60-day peak of $95,000 on Friday, XRP joins in on the fun, reaching $2.25 before playfully retracting to $2.19 as of April 2026. It seems that while the broader crypto market took a little 2% nap, XRP only modestly dipped by 0.3%. A strong trading volume of $2.5 billion proves that, despite the cooler atmosphere, XRP is still the belle of the crypto ball. 💃

What a party! XRP’s dance moves are still in full swing, keeping its $2.20 support level firmly intact. You can practically hear the bulls cheering—determined to keep this support strong even as the market attempts to cool off.

Fees Burned on XRPLedger Surges 38% as Trump’s Comments Reignite Market Activity

But wait, there’s more! Not only is XRP’s price celebrating, but its network is working overtime. XRP Ledger’s burned fees skyrocketed from 2,730 XRP on April 22 to 3,775 XRP by April 26. That’s a 38% boost in just one week. Talk about burning the midnight oil! 🔥

This rise in burned fees is no accident. It’s a sign that XRP is experiencing an organic uptick in transaction activity, likely fueled by user growth and more applications running on the XRP Ledger ecosystem. The more, the merrier, right? 🥳

Now, for the financial buffs: This burn acts as a subtle deflationary mechanism, helping to gradually reduce XRP’s circulation over time. So, if you’ve ever wondered what’s behind XRP’s slow-but-steady allure, this is it.

Favio Valerda, the Head of Growth at Sologenic (an instant payments and asset tokenization protocol built on the XRPLedger network), offers a sage perspective on XRP’s role in this evolving landscape.

“XRP isn’t digital gold—but it is the liquidity layer that makes digital gold tradable, transferable, and composable on blockchain rails. Designed as a settlement asset for liquidity routing, XRP serves its purpose with precision. While gold and Bitcoin act as stores of value, XRP’s strength lies in its transactional utility, powering over 1.5 million daily transactions with unmatched speed and efficiency.” – Favio Valerda, Sologenic.

Favio’s words are a gentle reminder that XRP’s true power lies not in its gold-like qualities, but in its ability to keep the crypto world flowing smoothly. It’s not a store of value—it’s the oil that makes the whole machine run.

Looking ahead: What next for XRP price?

With XRP’s price holding steady at the $2.20 mark and network activity showing signs of life, the question remains: will this bullish momentum continue? If the support at $2.20 holds, XRP might just be gearing up for another leg up. However, with institutional liquidity potentially taking a nap over the weekend, those short-term bull traders will need to keep the pace high to avoid a slip below $2.10. 😬

XRP Price Forecast Today: Bulls Eye $2.35 if $2.20 Support Holds Firm

The bulls are watching closely as XRP continues to hover above the all-important $2.20 mark. If this level holds, a breakout to $2.35 seems likely. And guess what? The Keltner Channel bands on the daily chart are tightening. This typically signals that the calm before a major directional storm is approaching. Exciting times! ⚡

More bullish signs come from the Parabolic SAR, which flipped below the candles since April 20, giving the all-clear for further upside. But wait, there’s more: the Money Flow Index (MFI) reading is a healthy 57.12, suggesting that XRP has plenty of room to grow without entering ‘overbought’ territory.

If XRP keeps its $2.20 support firm, a swift push to $2.35 could be right around the corner. However, should it falter below $2.13, prepare for a potential trip back down to $1.94. But let’s not get too gloomy—after all, markets are always full of surprises. 🎢

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2025-04-27 02:08