Ripple (XRP) is undoubtedly one of the most promising cryptocurrency tokens to exist in space. Lately, the token has been gaining credible attention due to the recent crypto reserve development and the fact that the token is now a part of the US national cryptocurrency reserve alongside Cardano and Solana. In addition to this, the upcoming crypto summit, which is set to be held on March 7, is also expected to usher in major changes, which may propel Bitcoin and tokens like XRP to gain further momentum. Will March be a new turning point for XRP in the near future? Let’s find out.
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Ripple: What’s New?
Ripple (XRP) is currently one of the most trending cryptocurrencies to have existed in the space. The token is now a part of the US strategic crypto reserve, a development officially unveiled by the President Donald Trump. Post the announcement, XRP noted a spectacular price surge of 30%, which credibly boosted momentum. The token soared meteorically to sit at the $2.80 price level before falling down 18% to sit at $2.29.
President Trump has announced a Crypto Strategic Reserve consisting of Bitcoin and other top cryptocurrencies. This is consistent with his week-one E.O. 14178. President Trump is keeping his promise to make the U.S. the “Crypto Capital of the World.” More to come at the Summit.
— David Sacks (@davidsacks47) March 2, 2025
March is set to bring in significant crypto changes that may set the tone for the market to follow in the long haul. For instance, the White House is already gearing up to launch a crypto summit on March 7, which is set to play a pivotal role in streamlining the role of cryptocurrency in the US administration. For instance, investors are hoping for some groundbreaking announcements related to the domain, which include introducing nuanced crypto legislation and policies that regulate the domain in a precise manner.
Such bullish developments may help in stabilizing and regulating the crypto prices, specifically Bitcoin, which in turn may help XRP soar to new highs.
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The Token’s Price Analysis for Mid-March
According to CoinCodex, XRP is already eyeing a high price target of $3 in the long haul.
For mid-March, the token may ultimately sit at a new price spot of $2.43 by March 20, 2025.
By the end of the month, the token may stabilize around the $2.59 price level.
“According to our current XRP price prediction. The price of XRP may rise by 7.50% and reach $ 2.59 by April 3, 2025. Per our technical indicators, the current sentiment is neutral while the Fear & Greed Index is showing 33 (fear). XRP recorded 14/30 (47%) green days with 7.23% 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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