"XRP Surges to Monthly High on Trump Endorsement, White House Crypto Summit Looms"

Coin WorldMonday, Mar 3, 2025 4:42 am ET

1min read

XRP Price Prediction For March 3: Bullish Momentum Expected Amidst Trump Endorsement and White House Crypto Summit

Ripple (XRP) price has surged to a monthly high following President Donald Trump's announcement that the altcoin would be added to the country's crypto strategic reserve. This bullish news has fueled positive market sentiment, with traders speculating about the sustainability of the rally. As Trump's endorsement continues to drive the rally, the XRP price prediction for March 3 remains bullish.

XRP price today trades at $2.58 after a staggering 15% gain in 24 hours. Ripple has once again flipped Tether (USDT) by market cap to become the third-largest crypto. The development saw the odds of an XRP national reserve increase by more than 20% on Polymarket.

Ripple CEO Brad Garlinghouse has confirmed his attendance at the White House Crypto Summit later this week. Due to this upcoming summit, XRP price is likely to sustain its gains today, March 3, and possibly rally past $3 as traders frontrun the impact that it will have on the altcoin's performance.

The derivatives market also supports this bullish hypothesis. Data from Coinglass shows that in the last 24 hours, XRP had the third-highest amount of short liquidations after Bitcoin and Ethereum. Short liquidations reached $45M, which was the highest in six months. If these short liquidations continue throughout the day, the likelihood of XRP price gaining today and possibly reaching $3 remains high.

XRP price is on a bullish trajectory according to analyst Carl Moon. In his analysis, he noted that Ripple had broken the upper resistance line of the descending triangle pattern. This breakout indicates that bears are no longer in control. If the XRP price sustains this trajectory, it could register an over 47% rise to the target price of $3.80. If buyers chasing profits from the recent rally continue adding to the buying pressure, XRP could hit this price today. At its current price, Ripple is only 30% shy of its record highs.

XRP, like many US altcoins, has staged a strong comeback, surging from the $2.15 support level to flip the

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