$XRP As of March 7, 2025, XRP is trading at approximately $2.51, reflecting a slight decrease of 0.79% from the previous close. The day's trading range has seen a high of $2.64 and a low of $2.41.
Recently, XRP experienced significant price movements, surging to $2.70—a 19% increase within 24 hours—amid investor anticipation of the upcoming White House Crypto Summit scheduled for March 7. This surge was accompanied by leveraged long positions totaling $150 million, indicating strong bullish sentiment among traders.
The announcement by President Donald Trump to establish a U.S. "Crypto Strategic Reserve," which includes XRP among other digital assets, has been a pivotal factor influencing these market dynamics. This initiative aims to position the United States as a leader in the cryptocurrency sector, further bolstering investor confidence in assets like XRP.
Despite recent profit-taking activities amounting to $2 billion, XRP has maintained its price levels, suggesting resilient market support and sustained investor interest.
In summary, XRP's market performance reflects a combination of strategic governmental initiatives and robust trading activities, contributing to its current valuation and market stability.