$XRP

As of March 6, 2025, XRP is trading at approximately $2.52, reflecting a 0.00398% increase from the previous close.

Recent Developments:

Inclusion in Proposed U.S. Crypto Reserve: President Donald Trump announced plans for a U.S. strategic crypto reserve, proposing the inclusion of cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA). This announcement initially boosted XRP's price by over 30%, but gains were tempered due to broader market conditions and upcoming U.S. tariffs on Canada and Mexico.

Market Volatility: Following the announcement, XRP experienced significant price fluctuations. While it surged over 30% initially, the rally was short-lived amid profit-taking and a general risk-off mood in broader equity markets.

Upcoming White House Crypto Summit: The White House is set to host a Crypto Summit on March 7, 2025, led by David Sacks, the administration's AI and crypto czar. The summit aims to discuss the establishment of the strategic crypto reserve and address regulatory frameworks for digital assets.

Network Activity:

XRP Ledger Growth: The XRP Ledger has seen substantial growth in account activations and trustline establishments, indicating increased adoption and network activity.

Analyst Perspectives:

Price Projections: Analysts have presented various scenarios for XRP's future price, with projections ranging from $7 to $53, depending on market capitalization growth and adoption rates.

In summary, XRP's recent performance has been influenced by macroeconomic announcements and market dynamics. The upcoming White House Crypto Summit may provide further insights into regulatory developments affecting XRP and the broader cryptocurrency market.