The price of Ripple (XRP) increased by 40 % on Sunday 2 March, and grazed the 3 -dollar sign in response to US President Donald Trump’s decision to include XRP in a strategic encoding reserve.
Ripple (XRP) offers 40 % gains after Trump’s executive order on strategic coding reserve
Ripple (XRP) has controlled the encrypted media addresses in recent weeks, thanks to the events surrounding the launch of a new Stablecoin, SEC drops multi -years against Ripple, speculative about ETF progress.
However, US President Donald Trump presented the new budget momentum on Sunday after announcing an executive order to include XRP, along with Bitcoin (BTC), Cardano (ADA), Solana (Sol), and ETHEREUM (ETH), in the newly originally originated American encryption reserve.
As expected, the news has strengthened the demand for XRP as traders quickly moved to enhance their property on the forward-run gains, expecting that the American Treasury-the second largest economy in the world-will start making the immediate XRP purchases for its strategic reserve.
Within hours of Trump’s publications on the social truth, the Ripple price increased by 40 %, increasing from an opening price of $ 2.14 to graze the 3 -dollar sign before the trading ends on Sunday.
It is worth noting that XRP has achieved the second highest price gains between the five assets mentioned in the Trump Strategic Reserve Assembly, Khalaf Kardano, who rose by more than 100 %, moving from $ 0.60 to a peak of $ 1.20 at the time of the press.
Cardano CEO while Peter Chef responds the Bitcoiners campaign against Ripple inserts
Trump’s insertion of XRP in the Crypto strategic reserve follows a general appeal from the CEO of Ripple Brad Garlinghouse on February 28. Garlinghouse urged the administration to adopt a more comprehensive approach instead of only supporting bitcoin to the United States Treasury.
However, the inclusion of XRP has sparked a violent reaction from bitcoin lovers and the maximum quantity who argue that only BTC should be adopted, referring to the operational risks associated with altcoins.
Economist Peter Chef expressed strong opposition, and asked why the United States needs the XRP Reserve. Although industry is widely supported, Schiff Challeged President Donald Trump’s announcement of a strategic encryption reserve that includes XRP alongside Bitcoin (BTC), ETHEREUM (ETH), Solana (Sol) and Cardano (ADA).
With the recognition of the logic behind the Bitcoin Reserve – which it holds to the American Gold Reserve – Scheif seemed to be confusing the choice of XRP, and writing:
“I get the logical basis for the bitcoin reserve. I do not agree with it, but I get it. We have a golden reserve. Bitcoin is digital gold, and it is better than analog gold. So let’s create a Bitcoin Reserve as well. But what is the logical basis for the XRP reserve? Why do you have the right to hell we need it?”
– Peter Chef, March 2, 2025
His position soon extracted responses from the global “XRP Army” encryption community, which defended the decision, noting that Trump pledged to make the United States a leader in the encrypted currency.
Cardano founder and CEO Charles Hoskinson was among those who responded, supported XRP insert.
“Because XRP is a great technique, and it is a global standard, has survived for a decade through many harsh courses, and has one of the strongest societies. I think the president made the right decision,”
– Charles Hoskinson, Cardiano founder and CEO, March 2, 2025.
By spreading capital via four altcoins, Bitcoin is expected to see less bullish than if it was the only origin. When the US Treasury Boxes begin to flow to XRP, ADA, Sol and ETH are likely to dominate the Bitcoin market in the short term, it strengthens the prevailing call for the encryption industry worldwide.
XRP price expectations: can exceed $ 3 more
Action PRICE XRP has witnessed a dramatic increase, and gained nearly 40 % in two days before facing the resistance near the psychological level of $ 3.
The Daily Chart reflects a strong bullish momentum, with XRP broken over the Bollinger Band ($ 2.53) and the upper domain ($ 2.99). However, rejection at $ 2.99 indicates a feverish market, and the bulls must secure a multi -day closure over this threshold to confirm the continuation of $ 5.
The MACD index supports the bullish momentum, with the crossing of the MACD (blue) line over the signal line (orange) and graphic bars volatile. The continuous expansion of the graph would verify the validity of the continuous purchase pressure. However, the failure to maintain the current levels may witness that the prices leak to the midfield from Bollegerer at $ 2.53 or even the lower range at $ 2.07, as DIP buyers may interfere.
Currently, the bulls must defend $ 2.80 as support while pressing a decisive closure above $ 3. If it succeeds, the momentum can pay the price of XRP about $ 3.50, followed by a psychological mark of $ 5.
On the contrary, the rejection of the rolling MACD resistance and intersection would expose XRP to the risk of deeper correction, and perhaps reconsider $ 2.50 in the short term in the short term
Related questions (common questions)
The price of XRP jumped by 40 % after President Trump included it in the strategic coding reserve in the United States.
Chef criticized the decision, on the pretext that only bitcoin should be included, and questioning the need for the XRP reserve.
If XRP maintains a closure of several days above $ 3, bulls can pay about $ 3.50 and perhaps the psychological level of $ 5.
Ibrahim
Responsibility: Is market research before investing in encrypted currencies? The author or post does not bear any responsibility for your personal financial loss.
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