Ripple is currently one of the most trending cryptocurrency tokens to exist. The token is now a part of a widespread national narrative, where its role has now become significant. Donald Trump, the US president, has announced the launch of a cryptocurrency reserve, which is set to feature coins like XRP, ADA, and SOL. With Bitcoin and Ethereum in the mix as well, the reserve is set to streamline the future of finance for the world to witness. At the same time, Trump is hosting his first Cryptocurrency Summit on March 7, ushering in more bullish momentum. Will this development help XRP scale new highs? Let’s find out.
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Ripple: What’s New?
Ripple (XRP) is now a part of a bigger narrative, a strategic financial phenomenon that may help the token to claim new highs consistently. Trump has announced the launch of a strategic crypto reserve, with XRP playing a pivotal part in the aforementioned development. Soon after the announcement, XRP surged 30% before stabilizing to sit at a new price of $2.44.
XRP at the moment is embroiled in a plethora of new developments. For instance, investors are keenly awaiting the approval of pending XRP ETFs that are set to help the token score a new high. In the midst of it, XRPs pending cases with the US SEC are also awaiting their final conclusion, post which XRP is free to scale new horizons.
That being said, such bullish developments are set to help XRP curate a new novel path that may set the tone for the token to carry forward in the near future.
Trump is also gearing up to host his first Cryptocurrency Summit on March 7. This summit may also unravel new announcements. Amid all this, new regulatory approaches and industry clarification elements are a few things that investors are keenly expecting some news on. This summit has the potential to correct the markets, ushering in major price highs for many coins, if it manages to deliver positive crypto news.
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The Token’s Price on Cryptocurrency Summit Day (March 7)
As per CoinCodex, XRP may surge to sit at $2.48 by March 7, 2025. However, this price may shift considering the positive crypto announcements that may take place once the summit officially begins.
By the end of March, XRP may surge to sit at a new high of $2.70.
“According to our current XRP price prediction, the price of XRP may rise by 9.00% and reach $ 2.70 by April 4, 2025. Per our technical indicators, the current sentiment is neutral while the Fear & Greed Index is showing 15 (extreme fear). XRP recorded 15/30 (50%) green days with 6.95% price volatility over the last 30 days. Based on the XRP forecast, it’s now a good time to buy XRP.”
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