The recent political relief in Washington has removed a key element of uncertainty that had been weighing on risk assets. As government operations resume, expectations are rising for improved liquidity flows and renewed spending confidence—factors that often translate into bullish momentum for cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and XRP.
**XRP Price Analysis: Key Levels and Bullish Momentum**
On the 2-hour XRP/USDT chart, a strong breakout is evident, with XRP surging above the critical $2.45 resistance level (highlighted by the yellow line). This level has now flipped into support, indicating a robust short-term uptrend. The token is currently trading well above both the 200 SMA ($2.44) and the 21 EMA ($2.34), further confirming bullish momentum.
The Stochastic RSI stands near the overbought zone at 98.45, suggesting that while momentum is strong, a brief cooldown or consolidation may occur before the next upward leg. As long as XRP holds above $2.45, bulls may target the next resistance zone around $2.70. On the downside, support is found at $2.20—an area of previous consolidation and a key level for buyers to watch in case of a pullback.
**XRP Price Prediction: Political Calm and Renewed Risk Appetite**
The Senate’s recent decision is being viewed as a bullish macro trigger, one that could help stabilize financial markets as we head into mid-November. This political calm is boosting risk appetite, with traders positioning themselves ahead of fresh economic data releases and upcoming Federal Reserve communications. Both factors will likely shape the next major move for the crypto market.
Stay tuned as XRP continues to show strong momentum, and key macro events provide additional fuel for the ongoing bullish trend.
https://bitcoinethereumnews.com/tech/xrp-price-soars-12-after-us-senate-vote/