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Recent comments from U.S. President Donald Trump regarding Ripple 
$2 and XRP have generated significant buzz within the altcoin community. This development raises the question of whether XRP can maintain its 2024 rally and reach the $100 mark. Currently, the altcoin is trading at $2.56, having dropped 3.65% in the last 24 hours, with a market cap reduction of $1.7 billion over the past four days.
Trump’s Support Positively Influences XRP
Trump referenced Ripple CEO Brad Garlinghouse’s statements in two consecutive posts on Truth Social. Garlinghouse noted that Ripple has increased its operations in the U.S. and boosted employment due to new agreements since Trump’s election.
Garlinghouse, who dined with Trump at Mar-a-Lago in January, stated that Ripple’s influence in Washington has grown. Moreover, Ripple’s CTO David Schwartz mentioned that XRP is “close to being embraced by institutional players.”
There is speculation that XRP could be included in Trump’s plans for a national cryptocurrency reserve, with Polymarket data indicating a 15% probability of this reserve being established.
Could XRP Reach $100?
In the 2017 bull market, XRP experienced significant jumps based on Fibonacci extension levels. If a similar pattern occurs, predictions suggest the altcoin could peak between $178 and $282 in this cycle, making a $100 price target realistic.
Currently, XRP is working to hold onto the 61.8% Fibonacci support level at $2.39. However, an RSI of 45 indicates ongoing selling pressure, with a potential drop to $2.11 if this continues.
Conversely, the Money Flow Index (MFI) has risen to 63, signaling increased buyer interest. If XRP breaks through the 38.2% Fibonacci resistance at $2.77, it could aim for a new peak at $3.40.
Experts believe that Trump’s support and friendly regulations in the U.S. paint a positive long-term outlook for XRP. However, achieving the $100 price target will likely require substantial institutional adoption and changes in new legal frameworks.
