U.S. Treasury’s plan to set up Ripple wallet – impact on XRP?

XRP is displaying strong upward momentum, with its price stabilizing around 3.16 USD after passing the support level of 1.81 USD. The announcement of a U.S. Treasury wallet may contribute to further bullish sentiment, projecting potential growth towards 3.32 USD.

Speculation surrounding the U.S. Treasury’s engagement with XRP and possible investments by high-profile figures like Elon Musk has raised market expectations. XRP’s NVT ratio has hit a historic peak, reflecting a significant market cap compared to transaction volume, indicating robust investor confidence.