XRP News Today: Trump Announcement Boosts XRP 30% to $2.60

On March 2, 2025, U.S. President Donald Trump announced via Truth Social that XRP, the cryptocurrency associated with Ripple, would be included in the U.S. Crypto Reserves. This announcement triggered a significant 30% surge in the price of XRP, pushing it to $2.60 and swelling its market cap, highlighting the potential for substantial growth in the cryptocurrency market. The inclusion of XRP in the U.S. Crypto Reserves is seen as a major endorsement by the U.S. government, which could pave the way for broader acceptance and integration of cryptocurrencies into mainstream financial systems.

The announcement by President Trump has sparked considerable interest and speculation within the cryptocurrency community. According to analysts' forecasts, the market capitalization of XRP could reach $150 billion, driven by increased institutional investment and regulatory clarity. This forecast is based on the potential for XRP to become a widely accepted medium of exchange and store of value, similar to other major cryptocurrencies like Bitcoin and Ethereum.

The surge in XRP's price following Trump's announcement underscores the influence of political figures on the cryptocurrency market. The endorsement by a high-profile figure like the U.S. President can significantly impact market sentiment and investor confidence. This development also highlights the growing importance of cryptocurrencies in the global financial landscape, as governments and institutions increasingly recognize their potential.

The inclusion of XRP in the U.S. Crypto Reserves is a strategic move that could have far-reaching implications for the cryptocurrency market. It signals a shift towards greater acceptance and integration of digital assets into traditional financial systems. This move could encourage other governments and financial institutions to follow suit, leading to a more robust and diversified cryptocurrency ecosystem.

On March 3, 2025, blockchain tracker Whale Alert reported Ripple unlocking 1 billion XRP from its escrow accounts, a standard monthly event. The first batch saw 500 million XRP split into two transfers: 100 million and 400 million were sent to the wallet ‘rGKHD…2Bdh.’ Minutes later, another 500 million XRP moved in a single transaction to ‘rHGfm…sbQr.’ However, Ripple re-locked 700 million XRP into escrow shortly after. The first wallet, holding 500 million, sent 300 million to another wallet on March 1 and locked 200 million back. The second wallet transferred its 500 million to a Ripple wallet, which secured it in escrow. Per Whale Alert, this left 300 million XRP in circulation from the unlock. The routine unlock, typically unnoticed, gained attention due to its timing with Trump’s announcement, amplifying market reactions.

The market didn’t wait long to react. XRP price climbed 10% intraday on March 3, 2025, reaching $2.18 according to trading data. Over the past 72 hours, the total gain hit 10%, reflecting strong buying pressure. Technical analysis from traders indicates XRP now faces resistance at the $3 level, a psychological barrier slowing its climb. If buyers break through, the next target could be January 2025’s high of $3.40, based on historical price charts. The $150 billion market cap milestone reinforces XRP’s position, but the locked 700 million XRP, worth $1.82 billion at current prices, remains out of circulation, signaling Ripple’s cautious approach to supply management.

However, it is important to note that the cryptocurrency market is highly volatile and subject to rapid changes. While the endorsement by President Trump and the potential for XRP to reach a $150 billion market capitalization are positive developments, investors should remain cautious and conduct thorough research before making investment decisions. The cryptocurrency market is influenced by a variety of factors, including regulatory developments, technological advancements, and market sentiment, all of which can impact the value of digital assets.