March 6, 2025 – The Latest on XRP
XRP is making headlines today as speculation grows over the U.S. Securities and Exchange Commission’s (SEC) next move in its ongoing legal battle with Ripple. This comes alongside reports that the White House is considering XRP as part of a U.S. Crypto Strategic Reserve Asset, a development that could significantly impact the cryptocurrency’s future.
SEC Appeal: Will It Be Dropped?
The SEC is expected to discuss its appeal against Ripple in a closed meeting today, March 6. This follows previous legal victories for Ripple, where the court ruled that programmatic sales of XRP do not constitute securities offerings. If the SEC decides to withdraw its appeal, it could clear regulatory uncertainty and trigger a major rally for XRP. On the flip side, if the appeal proceeds, XRP could experience increased volatility (FXEmpire).
XRP in the U.S. Crypto Reserve?
Adding to the excitement, the White House's upcoming Crypto Summit on March 8 is expected to provide more details on the U.S. Crypto Strategic Reserve Asset, which could include allocations for XRP, Bitcoin, Ethereum, and other major cryptocurrencies. If XRP receives a significant allocation, it could attract institutional investors and boost its price further (FXEmpire).
XRP Price Trends and Market Reaction
XRP experienced a price spike earlier this week, briefly hitting $3.00 before retracing to $2.21. Currently, XRP is trading around $2.45, up 2.83% in the past 24 hours. Analysts suggest that if the SEC drops its appeal and the strategic reserve plan moves forward, XRP could break its previous all-time high of $3.55 and potentially aim for $5.00. However, continued legal uncertainty could push prices below $1.50 (FXEmpire, CoinEdition).