Ripple’s digital asset XRP has shown strong recovery in recent days, climbing from lows near $1.90 to reach $2.24. This 18% price jump came as market participants grew more confident about the Federal Reserve’s next move. Let’s look at what’s driving this momentum and where XRP might be headed.

The crypto token XRP (CRYPTO: XRP) is falling on Monday. As measured from Friday at 4 p.m., XRP is down 15.7% as of 12:50 p.m. ET and was down as much as 16.5% earlier in the day. The drop comes as the S&P 500 lost 2.

XRP tumbled and other cryptocurrencies were also under pressure Monday as traders digested President Donald Trump’s latest policy measures. XRP, which is used to settle and facilitate transactions on Ripple Labs’ digital-payments platform,

XRP price stabilizes above $2.10 while facing a major $297M bearish hurdle at $2.70, even as network activity reaches record highs.