Recent events surrounding Ripple and its XRP token have attracted the attention of investors and analysts. Donald Trump's announcement regarding XRP's inclusion in US crypto reserves is expected to lead to significant market changes.
Trump's Crypto Reserve Announcement
On March 2, 2025, US President Donald Trump announced via Truth Social that XRP would join the country's crypto reserves, resulting in a 30% price increase to $2.60 within 24 hours, according to CoinMarketCap. Trump claimed that this decision would 'elevate this critical industry after years of corrupt attacks by the Biden administration.'
Ripple's Monthly Unlock
On March 3, 2025, Ripple unlocked 1 billion XRP from escrow accounts as part of its standard monthly procedure. According to Whale Alert, the first batch of 500 million XRP was split into two transfers, while the remaining funds were quickly re-locked. This typically unnoticed event gained attention due to its timing with Trump's announcement.
XRP Price Surge and Technical Analysis
In response to Trump's announcement, XRP's price increased by 10% throughout the day, boosting its market cap to $150 billion. The current resistance level for XRP stands at $3, acting as a psychological barrier. Should traders succeed in breaking through, the next target would be the January 2025 high of $3.40.
The impact of Trump's announcement on crypto reserves on the XRP market highlights the significance of political events in crypto investments. With rising prices and strengthening market capitalization, XRP becomes an attractive subject for investors.
