#Xrp🔥🔥 #XRPUSDT🚨

XRP, the native cryptocurrency of Ripple Labs, has recently experienced significant market movements influenced by both political developments and internal corporate decisions.

Presidential Announcement and Market Impact

On March 3, 2025, President Donald Trump announced the creation of a U.S. strategic cryptocurrency reserve, which would include XRP, along with Bitcoin, Ethereum, Solana, and Cardano. This announcement led to an immediate surge in XRP's price, rising from $2.23 to $2.99. However, gains were tempered due to concerns over impending U.S. tariffs on Canada and Mexico, leading to a cautious market sentiment.

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Trading Activity and ETF Speculations

Following Trump's announcement, there was a notable increase in XRP trading volumes, with hourly inflows reaching up to 193 million XRP, primarily driven by large investors. This surge has fueled optimism regarding the potential approval of an XRP exchange-traded fund (ETF), with projections suggesting an inflow of up to $8 billion if approved.

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Ripple's Strategic Positioning

Ripple Labs' Chief Technology Officer, David Schwartz, addressed criticisms regarding the company's XRP sales, asserting that Ripple is justified in acting in its own interest, especially when selling XRP holdings. He emphasized that Ripple should prioritize its interests and those of its shareholders.

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Current Market Overview

As of March 5, 2025, XRP is trading at approximately $2.48, reflecting a slight increase of 0.02479% from the previous close. The day's trading range has seen a high of $2.55 and a low of $2.32.

XRP (XRP)

$2.48

+$0.06

(+2.48%)$XRP

Overall, XRP's market dynamics are currently influenced by a combination of political developments, regulatory considerations, and Ripple's corporate strategies, making it a focal point for both investors and industry observers.