$XRP the native cryptocurrency of the Ripple network, has recently experienced notable price movements influenced by significant political developments.

Recent Price Performance:

• Current Price: As of March 6, 2025, XRP is trading at approximately $2.52, reflecting a 1.8% increase from the previous day. 

• Recent High: Earlier this week, XRP reached a peak of $2.99 following President Donald Trump’s announcement of a U.S. “Crypto Strategic Reserve,” which includes XRP among other cryptocurrencies. 

• Year-to-Date Performance: XRP has gained 25% since the start of 2025 and has surged 335% over the past year. 

Influencing Factors:

• U.S. Crypto Strategic Reserve: President Trump’s announcement of a strategic reserve comprising cryptocurrencies like Bitcoin, Ethereum, XRP, Solana, and Cardano has positively impacted XRP’s market perception and price. 

• Trade Policies: The implementation of U.S. tariffs on Canada and Mexico has introduced market uncertainties, leading to profit-taking among traders and affecting the broader cryptocurrency market, including XRP.