XRP was in the news after a surprise 34% price hike in response to Donald Trump’s executive order to create a US Crypto Strategic Reserve. The reserve will consist of top cryptocurrencies like XRP, Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Cardano (ADA). Trump made the declaration of making the United States the world leader in cryptocurrency, giving the reason of years of limiting policies under the Biden administration for doing so. The announcement directly pushed XRP’s price up, and it is now among the best-performing cryptocurrencies over the past 24 hours.
XRP Price Movement and Market Reaction
XRP is trading at A$4.53 today, having gained 23.8% in the last 24 hours. Prices ranged from A$3.46 to A$4.53 over the previous week, with high volatility driven by outside news and sentiment. The 24-hour trading volume has risen to A$25.7 billion, indicating a sharp rise in investor activity.
XRP Price History (Last 7 Days):
- Monday, March 3, 2025: A$4.53 (+23.8%)
- March 2, 2025 (Sunday): A$3.53 (+2.0%)
- March 1, 2025 (Saturday): A$3.46 (-1.9%)
- February 28, 2025 (Friday): A$3.53 (+1.7%)
- February 27, 2025 (Thursday): A$3.47 (-5.1%)
- February 26, 2025 (Wednesday): A$3.66 (+1.9%)
- February 25, 2025 (Tuesday): A$3.59 (-11.4%)
The surprise price rally has sparked renewed debate on XRP’s future, with some analysts envisioning further upturn if there is regulatory clarity. Nevertheless, the high volatility warrants that investors should be cautious.
Regulatory Impact and Market Outlook
Trump’s move to add XRP to the US Crypto Strategic Reserve has been controversial, with investors and experts alike weighing in. Critics such as investor Jason Calacanis contend that this action unduly favors large crypto holders and may create market volatility. Calcanis cautioned that investing taxpayer money in buying crypto assets might prove disastrous if the market were to crash.
In spite of the criticism, numerous crypto enthusiasts are of the opinion that Trump’s action might be a game changer for XRP and the entire digital asset space. A pro-crypto attitude from the US government might result in:
- More institutional investment in XRP and other prominent cryptocurrencies.
- Regulatory clarity, possibly putting an end to litigation such as the SEC vs. Ripple lawsuit.
- Increased uptake of XRP by banks and financial institutions for cross-border payments.
One more significant development that is in the rumor stage is if Coinbase will list XRP again. The exchange removed XRP from its listings in 2020 because of its court fight with the SEC, but Trump’s pro-crypto policies can motivate exchanges to bring XRP trading back. If heavyweight exchanges such as Coinbase, Kraken, and Binance. US list XRP again, it will increase its market price and liquidity even further.
Will XRP Sustain Its Momentum?
Though XRP has rocketed, market observers warn that high volatility remains a threat. Should Trump’s plan for a crypto reserve encounter political or legal backlash, the price of XRP may decline. Moreover, in case the SEC refuses to change its line on XRP, regulatory confusion will still cast a shadow on its long-term growth.
But if Trump delivers on his crypto-friendly policies, XRP has the potential to become a top-performing digital asset with high institutional backing and adoption. Investors and traders will watch policy events, exchange listings, and macro trends closely to decide if XRP can maintain recent gains or sees a market downturn.
