Ripple (XRP) Soars 40% as Trump Establishes US Crypto Strategic Reserve

Ripple (XRP) Soars 40% as Trump Establishes US Crypto Strategic Reserve

Ripple (XRP) has made headlines once again, surging 40% on Sunday, March 2, after U.S. President Donald Trump issued an executive order to include XRP in a newly formed U.S. Crypto Strategic Reserve. This move, which also features Bitcoin (BTC), Cardano (ADA), Solana (SOL), and Ethereum (ETH), sparked a wave of buying activity as investors sought to capitalize on anticipated institutional demand.

XRP Price Skyrockets Following Trump’s Executive Order

XRP’s impressive rally comes amid a series of bullish developments, including the recent launch of a Ripple-backed stablecoin, the US Securities and Exchange Commission (SEC) dropping its years-long case against Ripple, and growing speculation surrounding a potential XRP ETF.

However, Trump’s latest decision provided a fresh catalyst, sending XRP from an opening price of $2.14 to nearly $3 within hours of his announcement on Truth Social. The news fueled a buying frenzy, as traders rushed to accumulate XRP ahead of potential U.S. Treasury acquisitions.

Among the five cryptocurrencies included in the strategic reserve, Cardano (ADA) saw the highest surge, doubling in value from $0.60 to $1.20, while XRP followed closely behind with its 40% rally.

Bitcoin Maximalists Push Back Against XRP’s Inclusion

While many in the crypto industry welcomed the U.S. government’s broader adoption of digital assets, the decision to include XRP sparked heated debates—particularly among Bitcoin proponents.

Economist and well-known Bitcoin critic Peter Schiff publicly questioned the rationale behind an XRP reserve, arguing that while a Bitcoin reserve could be likened to the U.S. gold reserves, the same logic did not apply to XRP.

“I understand the reasoning behind a Bitcoin reserve. I don’t agree with it, but I get it. We have a gold reserve. Bitcoin is digital gold, which is better than analog gold. So let’s create a Bitcoin reserve too. But why do we need an XRP reserve? What’s the point?”
– Peter Schiff, March 2, 2025

Schiff’s comments quickly triggered responses from the XRP community, often referred to as the “XRP Army,” who defended the move as a step toward mainstream adoption.

Among the supporters was Cardano’s founder, Charles Hoskinson, who praised XRP’s resilience and technological capabilities:

“Because XRP is great technology, a global standard, has survived a decade of market cycles, and has one of the strongest communities. I believe the president made the right decision.”
– Charles Hoskinson, March 2, 2025

XRP Price Outlook: Can Bulls Push Toward $5?

Following its 40% rally, XRP is now testing the critical $3 resistance level. A decisive multi-day close above this mark could pave the way for a push toward $3.50 and potentially $5 in the coming weeks.

Technical indicators suggest strong bullish momentum. The MACD line has crossed above the signal line, with the histogram flipping green—an indication of sustained buying pressure. Additionally, XRP is trading near the upper Bollinger Band ($2.99), though rejection at this level could lead to a short-term pullback.

Key levels to watch:

• Support: $2.80, followed by $2.53 and $2.07
• Resistance: $3.00, $3.50, and $5.00

If XRP bulls can maintain support above $2.80 and break past $3.00 with strong volume, the rally could extend toward $5. However, failure to hold current levels may trigger a correction, potentially sending XRP back toward $2.50.

As institutional capital flows into XRP and other altcoins in the strategic reserve, Bitcoin’s market dominance could face increased competition. Regardless, Trump’s move has further legitimized cryptocurrency as a key asset class, reinforcing its role in the global financial system.