TLDR
- XRP price surged by approximately 30%, trading above $2.75 after forming support near $2.00
- President Trump suggested the US is considering adding XRP, ADA, and SOL to a US Crypto Reserve alongside Bitcoin and Ethereum
- Analyst “Dark Defender” predicts XRP could reach $77.7 by 2027, with key resistance levels at $5.85, $8.03, and $18.22
- XRP Futures Open Interest increased by about 40% to $4.33 billion, indicating renewed trader confidence
- Whale investors reportedly purchased 270 million XRP coins over a recent weekend
XRP price has experienced a sharp increase of approximately 30% in recent trading, pushing above the $2.75 mark and sparking renewed interest from traders and investors.
The surge follows comments from US President Donald Trump about potentially including XRP in a US Crypto Reserve.
The price movement began after XRP found support near the $2.00 level. Bulls stepped in and initiated a fresh increase that took the price above the $2.20 mark. This upward momentum continued.
XRP broke through several resistance levels, including $2.50 and $2.65. The price even tested the $3.00 level, forming a high at this key psychological barrier before starting to consolidate gains.
Technical indicators show XRP trading above the 100-hourly Simple Moving Average. A connecting bullish trend line has formed with support at $2.40 on the hourly chart of the XRP/USD pair according to data from Kraken.
The next resistance levels for XRP appear to be near $2.90 and the major hurdle at $3.00. If the price breaks above $3.00, it could target additional resistance at $3.20, followed by $3.35 and potentially $3.45 in the near term.
Support levels exist at $2.75 and $2.62. Should XRP fail to maintain these levels, it might decline toward $2.50 or even the trend line support near $2.40.
One of the main catalysts for the current price surge appears to be comments from US President Donald Trump. He reportedly stated on his Truth Social platform that the United States is considering adding XRP, ADA, and SOL to a US Crypto Reserve alongside Bitcoin and Ethereum.
This statement has fueled ongoing discussions between Bitcoin and Ripple communities about which cryptocurrencies might be included in any potential US reserves. The speculation has contributed to the buying pressure on XRP.
Trading volume has responded to the price movement. XRP’s one-day trading volume skyrocketed to $19.09 billion as the token traded between a 24-hour range of $2.23 to $2.97.
Futures markets have shown increased activity as well. XRP Futures Open Interest rose about 40% to $4.33 billion, reaching its highest level since early February and suggesting traders are regaining confidence in the asset.
Market experts have offered various price predictions for XRP. Analyst “Dark Defender” made a bold prediction, setting a short-to-mid-term target of $77.7 for XRP, suggesting this level could be reached by 2027.
I shared an update on XRP's short-midterm target of $77.7 on X, setting $5.85 and $18.22 as short-term possibilities. You might recall that historical pattern scenario.
As we discussed many times with the third wave, $XRP can extend towards $18; after the fourth wave correction,… pic.twitter.com/49ih6wZXAs
— Dark Defender (@DefendDark) March 2, 2025
The same analyst identified key support levels at $2.60 and $2.77. Resistance levels were noted at $5.85, $8.03, and $18.22, with a projection that XRP could extend toward $18 “with the third wave” of price movement.
Other market experts have expressed similar bullish sentiments. Analyst CasiTrades suggested that if XRP holds the $2.92 support level, it’s likely to continue rallying to new highs.
Another expert, Rose Premium Signals, identified potential targets for XRP at $3, $4.2, and $5. According to this analyst, if XRP breaks past the initial two targets, it could reach $5 in the near term.
Large investors appear to be accumulating XRP. Market expert Ali Martinez highlighted buying pressure from XRP whales, noting that these large investors purchased 270 million coins over a recent weekend.
The market sentiment around XRP has also been influenced by speculation about the ongoing Ripple vs SEC case. Some traders believe a favorable outcome could further boost XRP prices, though some experts have questioned the direct impact of the case on price movements.
XRP is currently maintaining most of its recent gains as traders watch for its next move. The token continues to trade near the $2.75 mark with increased volume and market interest.
