On March 2, XRP experienced a significant surge of 34.15% following an unexpected announcement from US President Donald Trump, who revealed the inclusion of XRP in the nation’s strategic crypto reserve.
XRP Rally and Trump's Announcement
XRP saw a substantial price increase of 34.15% on March 2. This rally followed US President Donald Trump's announcement of integrating XRP into the country's strategic crypto reserve. Solana (SOL) and Cardano (ADA) were also included in the reserve alongside XRP.
Active Selling and Whale Activity
While XRP remained 30% below its all-time high, CryptoQuant's founder Ki-Young Ju indicated that large XRP holders are likely cashing out. Through XRP's volume bubble maps, heightened activity was observed between $2 and $3 over the past month. Analysts claim that the token is currently in the distribution phase — a market cycle period where major investors gradually sell their holdings, typically nearing a peak uptrend.
Analysts’ Views on XRP’s Future
Despite the recent rally, analyst Dom stated that XRP failed to hold an all-time high value VWAP of $2.70. Crypto investor Dami DeFi expressed optimism, noting that Trump's support could lead to a significant price breakout. Meanwhile, cybersecurity engineer and Bitcoin advocate Matt C voiced caution, warning that the current XRP surge might serve as 'exit liquidity' for mass investors. Analysts are divided on the token's future trajectory.
In summary, President Trump's announcement significantly impacted XRP's price, yet analysts have varied opinions on its future prospects. It remains to be seen if the cryptocurrency can sustain its position and continue the rally.
