XRP price has rebounded 5.7% over the past 24 hours to $3.28, erasing losses from January 19. Key factors driving this surge include the anticipation of President-elect Donald Trump signing pro-crypto executive orders, a significant rise in open interest for XRP-tracked futures, and positive market technicals. With Trump set to assume office, optimism surrounds his potential cryptocurrency-friendly policies, including the firing of SEC Chair Gary Gensler and the approval of a spot XRP ETF. Open interest for XRP reached a record high of $7.6 billion, reflecting investor confidence and market momentum. Analysts suggest XRP's price could see a short-term target of $3.60, contingent on breaking through resistance at $3.40. Overcoming key support levels at $2.95 and $2.46 will also be crucial in confirming the trend and sustaining the upward movement. Crypto analyst Javon Marks indicates the market may be preparing for a significant rally following XRP's recovery from a previous downtrend.

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