XRP Price Analysis: Will Trump’s Crypto Reserve Keep XRP Above $3?

A few days ago, US President Donald Trump Donald Trump   Donald J. Trump is a US-based entrepreneur, Pro-crypto Politician, and the 45th and 47th President of the United States of America. He understands the importance and needs of the modern fintech world, and people look up to him as a dominant pro-crypto leader.   Quick Facts   Full name Donald John Trump Birth 14-06-1946, New York, United States Nationality American Education BS from the University of Pennsylvania Known For Businessman, Pro-Crypto Politician   Once doubtful about Bitcoindominance, he said in a tweet in 2019, “I am not a fan of Bitcoin", but now has a significant amount of cryptocurrency holdings in his kitty. He has also signed an Executive Order to establish a Strategic Bitcoin Reserve, which highlights his commitment to the future of cryptocurrency.   Donald Trump - Career Highlights & Events   2016 – Elected as the 45th President of the United States from the Republican Party.   2017 – Signed the Tax Cuts and Jobs Act, impacting investment environments   2019 – Criticized Bitcoin and Libra on X, dubbing them as "not money"   2024 – Campaign signals potential openness to crypto-friendly reforms   2025 –  Elected as the 47th President of the United States from the Republican Party.   A meme coin, $TRUMP, is associated with Donald Trump, which is listed on the Solana blockchain platform. His family also backs World Liberty Financial (WLF), a crypto venture.     President signed an executive order to establish a Crypto Strategic Reserve. But what really caught everyone off guard was the inclusion of XRP, Solana, and Cardano alongside Bitcoin. The move sparked excitement in the market, with XRP surging 8.6% in just a week.

However, the rally didn’t last long. In the past 24 hours, XRP has dropped over 5.2%, raising concerns about whether the initial hype is fading.

Is Trump’s plan really a game-changer for XRP, or was it just a temporary boost? Let’s break it down.

XRP’s Price Swings After the Announcement

Despite the recent dip, XRP has seen strong gains this week. On March 1, the token was trading at $2.14, and within just two days, it surged over 35.5%, briefly crossing the $3 mark on March 2.

However, this rally didn’t last long. By March 3, XRP had fallen to $2.38. The market then attempted a recovery, gaining 8.82% between March 4 and 6, but in the last 24 hours, it has dropped another 4.9%. This suggests that while Trump’s announcement initially boosted the market, the effect was short-lived.

US Economic Data Adds to Market Uncertainty

Recent economic reports from the US have added to the uncertainty in financial markets.

• The unemployment rate rose from 4% to 4.1%, despite forecasts predicting it would stay the same.
• The non-farm payrolls index increased from 125K to 151K, but this was well below the expected 160K.

These numbers indicate that the US economy is under pressure. Concerns over inflation and Federal Reserve policies have also led to lower risk appetite among crypto investors.

Can Trump’s Crypto Reserve Plan Pass Congress?

Nikolaos Panigirtzoglou, managing director of global market strategy at JPMorgan, believes Trump’s crypto reserve proposal has less than a 50% chance of gaining congressional approval. He also noted that if the reserve does get approved, it would likely only include Bitcoin and Ethereum, making it difficult for XRP, Solana, and Cardano to be part of it.

This explains why XRP’s rally was short-lived. Reports suggest that many traders took profits near the $3 level, contributing to the recent decline.

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What’s Next for XRP?

At the moment, XRP is trading at $2.35. Analysts warn that if selling pressure increases, the price could drop as low as $1.95.

On the other hand, if XRP holds above $2.47 and sees strong buying volume, it could move toward $3.20. However, there is strong resistance at $2.99, which may limit further gains.

The coming days will be crucial in determining XRP’s next move, as investors weigh the impact of macroeconomic conditions and political developments on the crypto market.

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