Market Reaction to Government Reopening
XRP surged by more than 12%, reaching $2.56, following the U.S. Senate’s 60–40 vote to advance a bill reopening the government after a prolonged 40-day shutdown. The news immediately boosted investor sentiment across both traditional and crypto markets, fueling a renewed wave of buying activity.
The relief in Washington appears to have removed a key element of uncertainty weighing on risk assets. As government operations resume, liquidity flows and spending confidence are expected to improve — which often translates into bullish momentum for assets like Bitcoin ($BTC), Ethereum ($ETH), and $XRP.
XRP Price Analysis: Key Levels and Bullish Momentum
The 2-hour XRP/USDT chart shows a strong breakout above the $2.45 resistance (yellow line), now flipping it into support. The token is trading well above the 200 SMA ($2.44) and 21 EMA ($2.34) — both confirming a short-term uptrend.
The Stochastic RSI is near the overbought zone (98.45), signaling strong momentum but also suggesting a potential short cooldown before the next leg higher. As long as XRP remains above $2.45, bulls could target the next resistance zone around $2.70.
On the downside, support lies at $2.20, where previous consolidation occurred — a key area for buyers to defend if a pullback happens.
XRP Price Prediction: Political Calm, Risk Appetite Returns
The Senate’s decision is viewed as a bullish macro trigger that could stabilize financial markets heading into mid-November. Traders are positioning themselves ahead of fresh economic data and upcoming Fed communications, both of which could shape the next move for crypto.
If political stability continues, analysts expect XRP’s bullish momentum to extend toward $2.70–$2.80, possibly retesting its September highs.