XRP News: XRP Price Targets $3 Rally as U.S. Shutdown Ends

XRP price is showing renewed strength as political and technical factors align. President Donald Trump ended the longest U.S. government shutdown in history. The broader market responded with a mild recovery.

Analysts believe this positive sentiment could help XRP maintain its momentum. According to XRP news, holding key support levels may pave the way toward the $3 mark.

Trump Lifts 43-Day Shutdown, Markets React Positively

President Trump officially signed a bill to reopen the US government after 43 days, ending the country’s longest shutdown. The House of Representatives passed the bill by a vote of 222-209, and the Senate had previously passed it.

Trump blamed Democrats for the delay, saying their “shutdown inflicted massive harm.” This caused over 20,000 flight cancellations and delays nationwide. The bill restores pay to more than 800,000 federal workers who were furloughed and restores services nationwide.

However, it excludes funding extensions for Affordable Care Act subsidies and SNAP benefits. The reopening occurred after 14 failed attempts, during which both parties reached a compromise to fund the government.

The move was praised by Congressman French Hill, who said Arkansans need stability and economic certainty.

Hill said Washington must act now to restore responsible governance. He emphasized the urgency of rebuilding public trust in federal operations.

XRP Price Could Retest $2 Before Bounce

Consequently, the XRP price rallied by more than 5% after the U.S. government shutdown came to an end. It was trading at $2.50 as of the time of writing. Analyst Ali highlighted that a retest of the $2 zone is possible for XRP price before the top altcoin rebounds.

His 4-hour chart shows XRP price moving inside a descending parallel channel. XRP news highlights repeated rejections near the $2.60 level. Ali is anticipating a short-term dip before a possible recovery to the $2.50-$2.60 range.

The XRP news indicated definite resistance along the upper trendline and support forming near $2.00. If the $2 zone holds, then buyers may regain control, paving the way for a bullish reversal.

A break below $2, however, could lead to a short-lived correction towards $1.95. It’s a zone that previously triggered rebounds.

XRP Dominance Attempts a Breakout

Similarly, market analyst CRYPTOWZRD noted that the dominance of XRP is trying to break out of a long-term downtrend.

He said the chart pattern is similar to past patterns that preceded strong bullish rallies. “Dominance has been on a decline since July, but the trendline and MA just broke out again,” he noted.

The analyst warned that the breakout could be a fakeout if the bulls do not hold the breakout. His chart indicates a “trendline and MA breakout” with potential upside towards 5.3 market dominance. The breakout is similar to the one that drove the surge of the XRP price earlier this year.

CRYPTOWZRD thought that a continued expansion in momentum and volume could confirm this shift. “Bulls have work to do, but the setup is bullish,” he added. If this move can be confirmed, it could signal increased capital rotation into XRP as compared to other top altcoins.

XRP Price Eyes $3 Following Retesting Resistance

Analyst World of Charts stated that the XRP price is exhibiting a bullish recovery pattern. This happened after a successful retest of key resistance. His XRP price prediction indicated a breakout from a descending wedge pattern.

This suggests renewed upward pressure. He expects XRP to target the $3 level. XRP news reports that this move depends on the structure holding above $2.40.

The setup is similar to the breakout in mid-2023 that triggered a massive rally. This range is in line with previous liquidity zones, which reinforces the likelihood of another leg higher.

Volume and open interest are also trending upwards and validate renewed buying interest. World of Charts considered that the next breakout will come with sustained accumulation above $2.50. A move outside that level could be the beginning of a new midterm bullish phase for the XRP price.