The cryptocurrency sector, often unified in its push against traditional financial systems, is facing a deepening rift over President Donald Trump's proposal to create a U.S. strategic reserve of digital assets. What Happened: Unveiled in early March, the plan as ignited fierce debate over its implications for fiscal responsibility, economic equity, and the very ethos of the crypto movement.
The XRP price has retraced and lost the gains it recorded from its Sunday rally following Trump's announcement that the crypto would be included in the crypto strategic reserve. Following this price correction, crypto analyst Trade City has key support levels that could determine XRP's future trajectory.
President Donald Trump sparked a crypto firestorm on Sunday after his posts on the Truth Social platform referenced a U.S. crypto reserve for the world's biggest economy.
March appears promising for Bitcoin and the broader cryptocurrency market, as a handful of bullish events and historic market patterns are expected to occur in the coming weeks.
As crypto bears turn sour, can XRP's price find its foot despite the market falling into a psychological pitfall?
XRP is at a pivotal moment, with two potential outcomes.
Both cryptocurrency markets and investors show increasing interest in DeFi projects because of their ongoing substantial changes. DeFi token DTX Exchange has received growing interest because its funding round managed to exceed $15.5 million. The token shows more promising prospects than traditional coins like XRP from Ripple according to market analysis.
The XRP network is showing alarming signs of a potential sell-off, with on-chain activity plummeting to dangerously low levels. As traders grow concerned about XRP's weakening fundamentals, many are choosing to offload their holdings and search for better investment opportunities.
Multiple crypto lawyers have theories regarding the U.S. Securities and Exchange Commission's (SEC) ongoing case against the payments firm Ripple. The SEC has dropped several big-name crypto enforcement actions this year, including lawsuits against Coinbase, Kraken, MetaMask and investigations into Robinhood and OpenSea.
Following the announcement of a strategic crypto stockpile containing altcoins, several cabinet members of the Trump administration have drawn scrutiny for their crypto holdings. What Happened: In an X post on Tuesday, market commentator ‘The Pelosi Tracker' noted that Trump's proposed crypto strategic reserve has sparked debate, as several of his cabinet members hold substantial crypto assets.
XRP has erased nearly all of yesterday's gains after Donald Trump's announcement of new tariffs triggered a broad sell-off in global markets.The token had surged 40% over the weekend on speculation that it could be included in the U.S. strategic crypto reserve, but that momentum quickly reversed as risk assets tumbled.
Donald Trump's announcement on March 2 to include XRP in a U.S. strategic reserve alongside Solana and Cardano propelled the altcoin by +34% in 24 hours. A fleeting flash of glory: by the next day, the price retraced 50%, while on-chain data revealed a massive exit of institutional investors.
From calling it a rug pull to demands for a congressional investigation, the chaos is unmatched.
In the opening days of March, the cryptocurrency market experienced a significant degree of volatility.
Another wave of pain has hit crypto traders. China just slapped tariffs on U.S. agricultural goods, worth nearly $22 billion.
Crypto prices dropped sharply on March 4, erasing $800 million from the market. The total market cap slipped below $3 trillion, settling at $2.77 trillion, a 9% decline.
Over the past four days, Ripple USD (RLUSD) has not been minted at the stablecoin treasury. Ripple Stablecoin Tracker data shows the payment platform last minted 2,500,000 RLUSD on Feb. 28 at its treasury.
XRP's inclusion in the crypto strategic reserve is looked at as a monumental step that could bolster the strength of the platform. With this, the price of XRP triggered a massive upswing and cleared a couple of resistance zones at $2.27 and $2.89.
Whale activity, daily address growth, and derivatives data point toward a possible XRP price rally.
The cryptocurrency market was briefly invigorated over the weekend following President Donald Trump's announcement regarding the creation of a “crypto strategic reserve,” which would include tokens such as XRP, Solana (SOL), Cardano (ADA), Ethereum (ETH), and Bitcoin (BTC).
The legal tussle dates back to December 2020 and is among the most intriguing topics in the crypto space.
Ripple's XRP has seen a steep decline, losing over 18% of its value and dropping to $2.30. This sharp drop comes amidst a broader market sell-off, triggered by a brief rally that saw Bitcoin surge to $95,000.
Despite the bloodbath that took place on the "streets" of the crypto market, it seems that this local bear market is far from over. At least that is what the Bollinger Bands for the third largest cryptocurrency, XRP, indicate.
The cryptocurrency market experienced a significant rally over the weekend, sparked by President Donald Trump's announcement regarding the inclusion of three additional digital assets—Solana (SOL), XRP, and Cardano (ADA)—in a future national “Crypto Strategic Reserve.” This news provided a much-needed respite for the market, which had been grappling with a downturn due to a series of challenges, including a memecoin debacle, a major hack, and ongoing tariff uncertainties.
The crypto market fell back into the red as its market capitalization dropped nearly 11% to $2.75 trillion, erasing all the gains made on Sunday after President Donald Trump's crypto reserve announcement. Sunday's rally began fading on Monday, with Bitcoin (BTC) and other altcoins sliding back to pre-weekend levels.
Since President Trump confirmed plans for a US crypto reserve, speculation has been rampant about which assets will be included. While Bitcoin is expected to dominate, many believe that altcoins like XRP, Solana, Ethereum, and Cardano could also be part of the reserve.
XRP price was down about 12% today, wiping off the recent gains it had after Donald Trump's US Crypto Reserve announcement. Notably, Trump's close tie with the Ripple officials and his recent plan to include US-issued assets like XRP, SOL, and ADA, in the Strategic Reserve assets has fueled optimism.
Eric Trump's recent comments on the strategic crypto reserve announcement have sparked mixed reactions, with some praising him while others criticize the Trump family's involvement in the industry. What Happened: In an X post on Monday, Eric Trump expressed gratitude after popular crypto trader AltcoinGordon credited his late-February “buy the dips” advice when Bitcoin (CRYPTO: BTC) dropped below $90,000 on Feb. 25.
Most of these are covered calls, Deribit's Asia business development head said.
Michael Saylor, once a Bitcoin maximalist, now supports a multi-token crypto reserve, including XRP and Cardano. Critics argue that Bitcoin should remain the sole reserve asset, questioning the inclusion of altcoins.
Over the last 48 hours, the cryptocurrency market has undergone a violent reversal, losing almost $500 billion in market capitalization. Three of the most popular altcoins, Dogecoin, Solana and XRP, have experienced drops of up to 20%, leaving traders perplexed.
Trump seems to have taken a page out of his real estate negotiations in pitching XRP, ADA and SOL as candidates for crypto reserve to win over approval for bitcoin.
There are several reasons why the SEC and Ripple have yet to reach a settlement while other prominent crypto cases have found resolution.
Investors are aggressively looking for the next great prospect as the cryptocurrency market keeps its positive pace. Although Ripple (XRP) has been in the news with its amazing surge and solid foundations, another less-known altcoin with great exponential potential is Rexas Finance (RXS). XRP aims for $4, but RXS, which currently only costs $0.
The crypto market today has taken a major hit, with Bitcoin, ETH, XRP and the majority of altcoins plunging steeply. The business's market cap at the time of press has dropped 9%, triggering fear among the market participants. This freefall is closely aligned with pressure looming across traditional markets.
Data shared by the public on-chain platform Whale Alert, which monitors large cryptocurrency transactions and then shares the details of them on its website and its X account, shows that almost $70 million in XRP were transferred to Coinbase from an anonymous crypto wallet.
The ongoing cryptocurrency market bloodbath might have cemented XRP's bearish move, with the asset potentially staring at an almost 60% drop.
Monday came with a fresh air of hope and optimism for the general crypto market, as President Donald Trump revealed plans for a US crypto strategic reserve.
US President Donald Trump's decision to adopt Bitcoin, XRP, Solana (SOL), and Cardano (ADA) has sparked widespread optimism. However, the community remains ambiguous on the potential composition and management of the US crypto reserve.
XRP's price retreated from the $3.00 resistance level, breaking below key support at $2.40 while establishing new support at $2.20, with technical indicators suggesting continued bearish pressure in the short term.
This could explain the loss of all the gains generated on Sunday after Trump's announcement.
With the average number of transactions per ledger increasing by 60%, XRP has seen an unusual increase in network activity. Stronger demand and potential future price action are suggested by this surge in blockchain activity, which indicates increased interest in the asset.
The recent statements by Trump on new tariffs against Canada, Mexico, and China have generated a wave of selling of crypto assets.
In a recent social media post, Ripple behemoth proposed what five key steps need to be taken to ensure that stablecoins become adopted by market players en masse.
The selection of XRP among other altcoins in the US crypto reserve has triggered mixed reactions but whale investors have been on a shopping spree.
In the latest XRP news, the Ripple whales have accumulated around 1 billion coins as the crypto recorded massive gains yesterday. However, the momentum appears to have faded, as evidenced by the ongoing retreat in the asset's price.
The sharp reversal aligned with a cautious mood among traders after Monday's market rally following the ambitious plan, as a CoinDesk analysis previously noted.