XRP Price Rallies 24% After US Strategic Reserve Announcements

Let us explore why the XRP price has spiked 24% as Ripple CEO praises US strategic reserve plan
.The Ripple token (XRP) has soared about 25% in the daily chart timeframe, indicating renewed investor confidence in the token. This recent rally comes following US President Donald Trump’s recent hint towards a US XRP Reserve. This has ignited a spike in various altcoins, including SOL, Ethereum, and Cardano, which have increased by 12%, 8%, and 53,% respectively. 

XRP Price Skyrockets as The US Strategic Reserve Gains Momentum

XRP price has jumped nearly 24% as of March 3, 2025, and currently exchanging hands at $2.77 Accompanying the price movement is the daily trading volume, which has gone ballistic by 427% to $19.16 billion, indicating heightened market activity. Notably, the crypto has touched a 24-hour high and low of $2.97 and $2.23, respectively. Further, according to Coinglass data, XRP’s open interest has spiked 30% to $4.16 billion, as the volume has spiked 647% to $31.61 billion. This indicates that new money is flowing into the XRP market, coupled with intense market activity, which may cause an upward trajectory in the near term. 

Meanwhile, the rally followed the latest comments by US President Donald Trump regarding the Strategic Reserves. On Truth Social, Trump said, ‘’A U.S. Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden Administration.’’ The reserve goes beyond Bitcoin, showing a clear trend in the adoption of blockchain technology. The choice of XRP, SOL, and ADA indicates that Trump has shifted to preferring blockchain networks with utility and scalability.

Ripple CEO Comments As Trump Incudes XRP In a Strategic Reserve

The Ripple CEO has appreciated Trump’s vision of a government digital asset reserve while reaffirming what the crypto industry could achieve if everyone worked together. He further stated that ‘’maximalism is the enemy of the industry’s progress.’’ This statement seems directed at stakeholders criticizing the inclusion of other crypto assets besides Bitcoin in the strategic reserve.

<blockquote class=”twitter-tweet”><p lang=”en” dir=”ltr”>I’ve said this before – the crypto industry will achieve our goals (and beyond), IF WE WORK TOGETHER. Appreciate the crypto President <a href=”https://twitter.com/realDonaldTrump?ref_src=twsrc%5Etfw”>@realDonaldTrump</a>’s vision of a govt digital asset reserve representative of the industry.<br><br>Maximalism is the enemy of the industry’s progress.… <a href=”https://t.co/GiAAI1NuRk”>https://t.co/GiAAI1NuRk</a></p>&mdash; Brad Garlinghouse (@bgarlinghouse) <a href=”https://twitter.com/bgarlinghouse/status/1896252389919006989?ref_src=twsrc%5Etfw”>March 2, 2025</a></blockquote> <script async src=”https://platform.twitter.com/widgets.js” charset=”utf-8″></script>

Garlinghouse also remarked that he is glad to see the US president recognize that market participants live in a multichain world. He has further noted  that the industry is finally moving past Bill Hinman and the Biden administration’s SEC’s “very broken thinking.”

XRP Price Outlook – Can The Bulls Sustain The Momentum?

The XRP price has broken out of a descending parallel channel, indicating intense buying pressure. The bulls have entirely taken the reins, painting the market as bullish. However, the XRP price has retraced from recent highs of $2.97 but still holds above key support zones. Strong trading volume suggests active interest despite short-term price swings. The daily chart for XRP/USD shows that the price currently trades at $2.77, with a 24% increase on the day.  If the bulls sustain the price above the 50-day moving average at $2.72; there is potential for further upside. In that case, there is strong potential for XRP to push toward the $2.84 resistance level. A breakout above this level could trigger further upside potential to $3.00 in the short term.

Graph 1 provided by Emmaculate on TradingView on March 3, 2025

In the meantime, the next move will depend on whether XRP can sustain momentum above the 50-MA(2.72). A strong push toward the $2.84 resistance zone would confirm bullish control. A breach above this level could open the door for higher price targets toward the resistance levels of $3.14, $3.35, and $3.70. On the flip side, if $2.72 fails to hold as support, then traders should be cautious of a potential retest of $2.18, which could signal a deeper pullback. The current uptrend remains intact, but traders should watch for increased volume and momentum confirmation to determine the next major price direction.