$XRP

🔥 XRP Price Trends: SEC Appeal and Strategic Reserve Developments 🔥

On Monday, March 3, XRP tumbled 18.87%, trimming Sunday’s 34.18% surge, closing at $2.3869. The broader market dropped by 10.11% to a total crypto market cap of $2.78 trillion.

Uncertainty about XRP’s inclusion as a US crypto Strategic Reserve Asset and the SEC’s appeal strategy in the Ripple case fueled the reversal.

Meanwhile, XRP’s price trajectory now hinges on three key factors:

US Strategic Reserve Asset: The administration’s funding allocation and lawmakers’ reactions will influence XRP demand.

SEC Appeal Strategy: A dropped appeal could push XRP beyond its $3.55 all-time high, while ongoing legal uncertainty may send prices below $1.50.

XRP-Spot ETF Developments: Approval of an XRP-spot ETF could trigger institutional inflows, potentially driving XRP toward $5.

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