XRP Surges Past $2.75 on US Crypto Reserve Speculation

Coin WorldMonday, Mar 3, 2025 5:26 am ET

1min read

XRP (XRP) Price Surges Past $2.75 Amid Speculation of US Crypto Reserve Inclusion

XRP, the native cryptocurrency of Ripple's payment network, has experienced a dramatic price surge, climbing over 30% and reaching above $2.75. This remarkable momentum has caught the attention of investors and market analysts alike, with the cryptocurrency breaking past key resistance levels and generating optimism about its future price trajectory.

The recent price action shows XRP breaking above the $2.50 resistance level, reaching as high as $3.00 before consolidating. Technical analysis indicates that XRP is now trading well above the $2.75 mark and the 100-hourly Simple Moving Average, suggesting strong bullish momentum. Chart patterns reveal a supportive trend line forming with a base at $2.40 on the hourly timeframe, providing a foundation for potential further upward movement. The cryptocurrency's trading volume has also seen a dramatic increase, with daily trading volume soaring to $19.09 billion.

One of the main catalysts behind this rally appears to be recent comments from US President Donald Trump. According to reports, Trump mentioned on his Truth Social platform that the United States is considering adding XRP, along with ADA and SOL, to a potential US Crypto Reserve that would also include Bitcoin and Ethereum. This news has sparked renewed interest in XRP, especially amid ongoing discussions between Bitcoin and Ripple communities about cryptocurrency reserves. The possibility of XRP being included in a national reserve has boosted investor confidence and contributed to the price surge.

Market data shows that XRP Futures Open Interest rose approximately 40% to $4.33 billion, reaching its highest level since early February. This increase indicates growing trader confidence and expectations of continued price movement. Several market analysts have shared bullish outlooks for XRP. Notably, an analyst known as "Dark Defender" has made a bold prediction, setting a target of $77.7 for XRP by 2027. The analyst identified key support levels at $2.60 and $2.77, with resistance points at $5.85, $8.03, and $18.22.

The cryptocurrency's price movement has been accompanied by large-scale accumulation from whale investors. Market

Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.