Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

XRP Price Prediction For February 4

The post XRP Price Prediction For February 4 appeared first on Coinpedia Fintech News After a sharp decline across the crypto market, all eyes are on XRP due to its impressive recovery in the last few hours. XRP’s 55% Rally Recovers Recent Fall According to available data, XRP, which had witnessed a massive price drop of 35% in the past 48 hours, has experienced a notable gain of over 55% and has formed one of the biggest bullish candles in the past two years. Looking at the price reversal, XRP appears bullish. Additionally, this rally doesn’t seem to be stopping easily, as pro-crypto United States President Donald Trump paused the tariff on Mexico, which he had earlier announced on his X handle. Following the update, the overall cryptocurrency market has begun recovering, including Bitcoin (BTC), which has witnessed an over 12% price reversal in the past 12 hours, along with other cryptocurrencies. $80 Million Worth of XRP Inflow Amid this record price reversal, long-term holders, investors, and whales who recently bought the dip have been dumping their tokens on exchanges, as reported by the on-chain analytics firm Coinglass . Data from spot inflow/outflow reveals that exchanges have witnessed an inflow of over $80 million worth of XRP in the past 24 hours. This substantial inflow amid this record reversal seems to be a potential sell-off for profit booking and has the potential to cause selling pressure and further price decline. Source: Coinglass XRP Technical Analysis and Key Levels According to expert technical analysis, XRP appears bullish and seems to be forming a large bullish hammer candle. For the rally to continue, XRP needs to close above $2.70 or $2.65. If that happens, a new all-time high may be on the horizon. Source: Trading View If this happens, there is a strong possibility that we could see a new all-time high for XRP. On the positive side, with the Relative Strength Index (RSI) at 44, it appears that XRP has significant room to witness an upside rally. CoinOtag

---

President Trump Signs Executive Order To Create Sovereign Wealth Fund, Diversify US Investments

President Trump just signed an executive order to create a federal sovereign wealth fund. Trump is ordering the U.S. Treasury and Commerce Departments to create the fund, stating it could be used to purchase the popular social media platform TikTok. Trump has not suggested additional uses for the fund at time of publishing, with Bloomberg reporting it will be created in the next 12 months. Sovereign wealth funds are government-owned investment funds. They typically invest surplus revenues, often from natural resources like oil, to grow wealth for the future. These funds diversify investments globally across stocks, bonds, real estate, and other assets. Their goal is to provide long-term financial stability, economic growth, and protection against economic shocks. Although states like Alaska have had their own sovereign wealth funds for years, the federal government itself has never utilized one. A number of nations already have sovereign wealth funds, including Norway, China, United Arab Emirates, Saudi Arabia, Singapore, Kuwait, Qatar, Australia, Russia, South Korea and Chile. Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post President Trump Signs Executive Order To Create Sovereign Wealth Fund, Diversify US Investments appeared first on The Daily Hodl . CoinOtag