The digital asset XRP is currently navigating a tight trading range around the $3.00 mark, showing signs of market indecision. This price consolidation comes as financial author Robert Kiyosaki voices strong support for a new executive order aimed at expanding access to alternative assets, including cryptocurrencies, within 401(k) retirement plans.
While XRP's short-term movements are dictated by technical indicators, this broader regulatory development could signal a significant long-term shift in how mainstream investors approach digital assets for wealth building and retirement savings.
Key Takeaways
- XRP is trading near $2.99 with key resistance around $3.02 and support between $2.80 and $2.85.
- Technical indicators present a mixed view, with short-term charts showing bearish pressure while longer-term moving averages remain bullish.
- A U.S. executive order aims to allow alternative assets like cryptocurrency and real estate in 401(k) plans.
- Robert Kiyosaki, author of 'Rich Dad Poor Dad,' praised the order, stating it makes assets like Bitcoin more valuable.
XRP Technical Analysis: A Market at a Crossroads
On Sunday, XRP's price was observed at $2.99, supported by a market capitalization of $178 billion. The 24-hour trading volume stood at $3.34 billion, indicating active participation from traders. The price has remained in a narrow intraday band between $2.97 and $3.01, suggesting a temporary balance between buying and selling pressures.
Short-Term Outlook on the 1-Hour Chart
The 1-hour chart for XRP reveals a period of choppy, sideways trading, which is often a sign of market uncertainty. After finding a bottom at a local low of $2.963, the asset has managed to form a pattern of higher lows. However, it has encountered consistent resistance near the psychologically important $3.00 level, which is currently preventing further upward movement.
A notable increase in trading volume during a recent price dip could suggest that some investors are accumulating XRP at these levels. This type of activity can sometimes precede a significant price breakout. For short-term traders, potential buying opportunities may exist in the $2.95 to $2.97 range, with strict stop-losses placed just below $2.94. A confirmed move above $3.02, especially if accompanied by high volume, could signal renewed bullish momentum.
Understanding Market Consolidation
Consolidation is a common phase in financial markets where an asset's price trades within a limited range. It often follows a significant upward or downward trend and represents a period of indecision among investors. Traders watch these periods closely for signs of a breakout, which can indicate the direction of the next major price move.
Mid-Term Trend on the 4-Hour Chart
Looking at the 4-hour chart, the prevailing trend for XRP remains bearish in the short term. This downward pressure originated from a recent high of $3.141. Since then, a pattern of lower highs and lower lows has guided the price to its recent bottom at $2.963.
However, an important detail is the declining volume on the red (selling) candles. This pattern suggests that the bearish momentum is losing strength. If selling pressure continues to weaken, it could create an opportunity for a bullish reversal. A key signal for such a reversal would be a break and close above the $3.00 to $3.02 resistance area. This would suggest the recent downtrend has concluded, potentially starting a new upward leg.
Longer-Term Perspective on the Daily Chart
The daily chart shows that XRP is in a short-term consolidation phase within a broader, neutral-to-slightly-bullish trend. The price has pulled back from a recent swing high of $3.189 and is now finding stability near the $2.97–$2.98 zone.
Despite this pullback, the overall price structure remains constructive. The chart shows higher highs and a significant bounce from a recent low of $2.696, which points to underlying strength in the market. Similar to the 4-hour chart, the volume on recent selling days is decreasing, which supports the idea that selling momentum is weak. Key support is located in the $2.80–$2.85 range, while major resistance is at $3.10–$3.18. A decisive breakout above $3.10 with strong volume could attract significant new buying interest.
Indicator Overview: A Mixed Picture
Technical oscillators provide a mostly neutral reading for XRP. The Relative Strength Index (RSI) is at 49.86, and the Stochastic is at 43.97, both indicating a lack of strong directional momentum. Moving averages, however, show a divergence: short-term averages are bearish, while longer-term averages (100-day and 200-day) remain firmly bullish, suggesting the broader uptrend is still intact.
New Executive Order Expands Retirement Investment Options
While traders analyze short-term charts, a significant development in U.S. policy could have long-term implications for the digital asset market. An executive order signed by President Donald Trump in August, titled “Democratizing Access to Alternative Assets for 401(k) Investors,” is gaining attention.
The order directs the Department of Labor and the U.S. Securities and Exchange Commission (SEC) to explore ways to expand access for 401(k) investors to a wider range of assets. This includes investments traditionally unavailable to average retirement savers, such as private equity, real estate, and digital assets like cryptocurrencies.
The primary goal of the order is to provide American workers with more diverse investment options for their retirement accounts. It also aims to reduce the legal risks for plan administrators who choose to offer these alternative assets.
Robert Kiyosaki Champions Crypto in 401(k) Plans
Robert Kiyosaki, the author of the widely successful personal finance book Rich Dad Poor Dad, has publicly praised this executive order. Kiyosaki has long been a critic of conventional investment products like mutual funds and ETFs.
In a recent statement on the social media platform X, he reiterated his stance.
“As some of you know, I do not invest in mutual funds or ETFs. To me, mutual funds and ETFs are for ‘losers.’”
Kiyosaki views the executive order as a positive step that empowers investors to look beyond traditional Wall Street offerings. He believes it opens the door for more sophisticated investment strategies within a tax-advantaged retirement structure.
“Trump’s new XO opens the door for ‘smarter,’ more ‘sophisticated investors’ to add alternative investments such as real estate, private equity and debt, crypto, and precious metals, under a 401k tax umbrella,” he stated.
A Call for Investor Education
While celebrating the increased access, Kiyosaki also issued a word of caution. He emphasized that success with alternative assets requires a commitment to education and research.
“If you are not willing to ‘study’ and do your ‘homework,’ it is best mom and pop investors stick with ‘vanilla’ mutual funds and ETFs,” he warned. This highlights the increased responsibility that comes with having more investment choices.
Kiyosaki, a long-time advocate for assets like gold, silver, and Bitcoin as hedges against inflation and fiat currency devaluation, sees this policy shift as a major validation. He concluded, “I am happy because Trump’s new XO treats investors like ‘adults’ and makes my gold, silver, and bitcoin more valuable.” His comments underscore the growing perception of Bitcoin as a crucial component for long-term wealth protection.
