- XRP surged nearly 25% after former U.S. President Donald Trump revealed plans to include it in a potential U.S. crypto reserve alongside BTC and ETH.
- Analysts predict XRP could reach $77.7 by 2027, while whale investors have accumulated 270 million XRP amid growing institutional interest.
The price of XRP has surged nearly 25% in a single day, driven by renewed investor confidence and speculation surrounding a potential U.S. cryptocurrency reserve.
The asset traded at approximately $2.79, with a one-day trading volume reaching $19.09 billion. XRP hit a 24-hour high of $2.97 and a low of $2.23, while XRP Futures Open Interest increased by about 40% to $4.33 billion, the highest level since early February.
The rally follows former U.S. President Donald Trump’s recent announcement on Truth Social, where he revealed that his administration is considering including XRP, along with Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Cardano (ADA), in a U.S. strategic crypto reserve.
This marks a shift in U.S. policy toward actively holding digital assets, a move that has spurred discussions within the crypto industry.
"This move signals a shift toward active participation in the crypto economy by the U.S. government," said Federico Brokate, head of U.S. business at digital assets investment firm 21Shares.
"It has the potential to accelerate institutional adoption, provide greater regulatory clarity, and strengthen the U.S.’s leadership in digital asset innovation."
Market analysts have weighed in on XRP’s potential trajectory, with some making bullish predictions. Dark Defender, a well-known cryptocurrency analyst, forecasted that XRP could reach $77.7 by 2027.
In an X post, the expert identified key support levels at $2.60 and $2.77, with resistance points at $5.85, $8.03, and $18.22. According to Dark Defender, the price increase could be part of an extended third wave in XRP’s price movement.
I shared an update on XRP's short-midterm target of $77.7 on X, setting $5.85 and $18.22 as short-term possibilities. You might recall that historical pattern scenario.
— Dark Defender (@DefendDark) March 2, 2025
As we discussed many times with the third wave, $XRP can extend towards $18; after the fourth wave correction,… pic.twitter.com/49ih6wZXAs
Other analysts echoed similar optimism. CasiTrades suggested that if XRP maintains support at $2.92, it could continue its rally to new highs. Rose Premium Signals identified price targets at $3, $4.2, and $5, predicting that if XRP surpasses the initial resistance levels, it could reach $5 in the near term.
Adding to the market momentum, on-chain analyst Ali Martinez reported that XRP whales recently purchased 270 million XRP coins, reflecting increased accumulation by large investors.
Meanwhile, the legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) remains a point of interest. While some believe a favorable outcome for Ripple could further boost XRP’s price, others argue that the case’s resolution may not significantly impact long-term market trends.
Trump’s crypto strategy has already influenced broader market trends, with the total cryptocurrency market gaining over $300 billion following his announcement.
While some analysts remain cautious about the long-term feasibility of a U.S. crypto reserve, the market response indicates growing confidence in digital assets, particularly XRP.
Edited by Harshajit Sarmah
