Trump’s Feud with Powell Could Propel XRP to $3.10 – The Crypto Rollercoaster!

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As the world spins ever faster on its axis of uncertainty, XRP remains rooted at $2.08, teetering above the support level. Meanwhile, the political storm cloud of a potential Jerome Powell ouster looms large, sparking both dread and hope across the crypto markets. Could this be the harbinger of Bitcoin’s epic rise to $110,000? Place your bets, dear traders!

XRP Price Treads Water as Trump’s Latest Power Play Looms

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But wait! The plot thickens—should Trump succeed in this little game of financial Jenga, not only would it shake the U.S. monetary policy to its very core, but it would also make the crypto market look like it’s on steroids. Hold onto your hats—XRP could very well start its own sprint, reaching for the stars.

If Bitcoin manages to break through that magical $110,000 barrier, there’s a good chance XRP will join in the rally, stretching itself 30%-40% higher. Keep your eyes peeled for:

  • $2.21–$2.22 (Where the moving averages get all cozy)

  • $2.30 (A major liquidation zone, where things get spicy)

  • $2.45 (The next stubborn resistance level, as usual)

And if the stars align and crypto chaos reigns supreme, XRP could see itself breaking through to $2.75, and possibly up to a heady $3.10, fueled by market risk appetites and the inevitable rotation into altcoins. Sound like a fairytale? You bet! But who are we to judge?

Derivatives Markets—The Cautious Hedge Against Chaos

Ah, but not everyone shares the crypto optimism. While the retail traders are all in for a good time, the strategic players are showing more caution than a cat in a room full of rocking chairs. XRP’s derivatives market has taken a slight hit in the past 24 hours:

  • XRP derivatives volume dropped by -23.42% to $2.97 billion. Somebody’s running for the hills.

  • Open interest dipped by a meager -0.42%. Could we be witnessing an eerie prelude to something bigger?

  • Options volume collapsed by a jaw-dropping -61.64%. Even the pros are losing their nerve.

  • However, options open interest rose by +31.16%. Ah, but this is a sign of hedging, not hope. They’re buying protection, like wrapping a blanket around themselves before the storm hits.

The long/short ratio, standing at 0.9826, is a curious one—almost like the markets are unsure which way to swing. Is this optimism, or are we looking at the calm before the storm?

Take a look at Binance and OKX—retail traders are apparently living the dream with long positions. On Binance, the XRP/USDT ratio is 2.076, and on OKX, it’s 1.66. They’re feeling lucky, alright. But the institutional players? They’re hedging like it’s their last chance to buy insurance before the apocalypse. Their long/short ratio on Binance by accounts is 1.9334, while by positions, it falls to 1.2435. A cautious tone, indeed.

And speaking of liquidations—over the past 24 hours, long positions took a beating, absorbing $432,340 in liquidations compared to a mere $312,330 on the short side. It seems the bulls are bleeding more than the bears these days.

Across all timeframes, the shorts seem to be holding up better. Shorts for the win? Or is this the market gearing up for a sharp downward shift? Time will tell.

The Final Act

So, what’s the takeaway here? While the political drama surrounding Powell’s potential dismissal could certainly send Bitcoin soaring and drag XRP up with it, not everyone is buying into the hype. Derivatives markets are feeling a little too nervous for comfort, and the market’s pulse seems to be in a state of suspended animation.

The bullish path for XRP is still there, provided it stays above $2. But beware—the winds of macro instability are blowing strong. Traders might just stay on the sidelines, watching the storm from a safe distance, but who can resist the call of a possible $3.10 for Ripple?

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2025-04-20 00:29