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Home CRYPTO

XRP Price Plummets 9% After Trump’s Bitcoin Reserve Announcement: Here is What You Need to Expect in the Short Term

Gary Ponce by Gary Ponce
March 7, 2025
in CRYPTO, FINANCE, OPINION
Reading Time: 3 mins read
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  • XRP’s Wild Surge & Drop – After Trump mentioned XRP as a possible strategic reserve asset, the price spiked to $3, but quickly crashed to $2.2 before stabilizing around $2.50.
  • Trump’s Executive Order Shakes Market – The order focused solely on Bitcoin, excluding XRP and other cryptos, triggering a 9% drop in XRP before a partial recovery.
  • High Volatility Ahead – CryptoQuant warns of rising leverage in XRP markets, suggesting wild price swingsahead, with some analysts still predicting a push beyond its $3.40 all-time high.

Remember the massive XRP pump on Sunday? It all started when U.S. President Donald Trump casually name-dropped XRP, along with a few other digital assets, as potential candidates for the U.S. Strategic Crypto Reserve. The reaction was instant—XRP exploded double digits, surging to $3 for the first time in weeks.

But just as fast as it climbed, the momentum vanished. XRP plummeted back to $2.2 in a brutal retracement. Still, it managed to regain some ground, trading around $2.65 late last night, just before Trump’s executive order came through.

And that’s when things took another sharp turn.

Trump’s Executive Order Crushes XRP’s Rally

The moment the executive order dropped, XRP bulls held their breath. But instead of confirming XRP’s inclusion in the reserve, the order focused exclusively on Bitcoin, failing to mention any other cryptocurrency.

The market’s reaction? Immediate and brutal. XRP tumbled 9%, crashing down to $2.37 before bouncing back to $2.50.

Open interest for XRP is up 5.63%, signaling a price move fueled by leverage. Elevated risk in the market.

Leverage cuts both ways—stay sharp. pic.twitter.com/OQ53hl7W5k

— CryptoQuant.com (@cryptoquant_com) March 6, 2025

Leverage is Building—Wild Swings Ahead?

As traders scrambled to make sense of the chaos, on-chain analytics firm CryptoQuant raised a red flag: XRP’s open interest had surged over 5.5% in a short timeframe.

That kind of sudden leverage buildup? It usually means one thing: bigger price swings ahead.

CryptoQuant warned that XRP’s next move could be extremely volatile, advising traders to manage risk carefully—especially with uncertainty still looming around the U.S. crypto reserve policy.

XRPUSDT 1 Hour timeframe Tradingview

Where’s XRP Headed Next?

Despite the price turbulence, analysts are still eyeing massive upside potential for XRP. Many believe it’s just a matter of time before XRP smashes past its 2018 all-time high of $3.40 (per CoinGecko).

Some are even throwing wild predictions out there, hinting at double- and even triple-digit price surges if momentum really kicks in.

For now? XRP remains unpredictable, with volatility dialed up to max. The next big catalyst could send it soaring—or trigger another painful drop. Buckle up.

Tags: $XRPBitcoinCryptoQuantDonald TrumprippleStrategic Crypto Reserve
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Gary Ponce

Gary Ponce

Drop Gorn enjoys watching anime and reading Manhwas and Light novel. Constantly honing his Forex trading and Video editing skills. When seeking moment of peace, rock music is his comfort.

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