TLDR

• XRP price surged over 30%, trading above $2.75 with strong bullish indicators
• US President Donald Trump mentioned potentially adding XRP to a US Crypto Reserve alongside Bitcoin and Ethereum
• XRP Futures Open Interest rose about 40% to $4.33 billion, reaching highest level since early February
• Analyst “Dark Defender” predicts XRP could reach $77.7 by 2027
• XRP whales purchased 270 million coins over a recent weekend, showing strong investor confidence

XRP has experienced a dramatic price surge, climbing more than 30% and catching the attention of investors and market analysts alike. The cryptocurrency, which is the native asset of Ripple’s payment network, has shown remarkable momentum in recent trading sessions, pushing past key resistance levels and generating optimism about its future price trajectory.

The recent price action shows XRP breaking above the $2.50 resistance level, reaching as high as $3.00 before consolidating. Technical analysis indicates that XRP is now trading well above the $2.75 mark and the 100-hourly Simple Moving Average, suggesting strong bullish momentum.

Chart patterns reveal a supportive trend line forming with a base at $2.40 on the hourly timeframe. This technical structure provides a foundation for potential further upward movement. The cryptocurrency’s trading volume has also seen a dramatic increase, with daily trading volume soaring to $19.09 billion.

One of the main catalysts behind this rally appears to be recent comments from US President Donald Trump. According to reports, Trump mentioned on his Truth Social platform that the United States is considering adding XRP, along with ADA and SOL, to a potential US Crypto Reserve that would also include Bitcoin and Ethereum.

This news has sparked renewed interest in XRP, especially amid ongoing discussions between Bitcoin and Ripple communities about cryptocurrency reserves. The possibility of XRP being included in a national reserve has boosted investor confidence and contributed to the price surge.

Markey Analysis

Market data shows that XRP Futures Open Interest rose approximately 40% to $4.33 billion, reaching its highest level since early February. This increase indicates growing trader confidence and expectations of continued price movement.

Several market analysts have shared bullish outlooks for XRP. Notably, an analyst known as “Dark Defender” has made a bold prediction, setting a target of $77.7 for XRP by 2027. The analyst identified key support levels at $2.60 and $2.77, with resistance points at $5.85, $8.03, and $18.22.

Another market expert, CasiTrades, suggests that if XRP maintains support at $2.92, it could continue rallying to new highs. Similarly, analyst Rose Premium Signals has identified $3, $4.2, and $5 as the next target levels for XRP in the near term.

The cryptocurrency’s price movement has been accompanied by large-scale accumulation from whale investors. Market expert Ali Martinez highlighted that major investors purchased approximately 270 million XRP coins over a recent weekend, demonstrating strong buying pressure from large holders.

On the technical side, XRP’s hourly MACD indicator shows signs of slowing momentum in the bullish zone, while the Relative Strength Index (RSI) remains above the 50 level, suggesting continued bullish sentiment despite some potential consolidation.

I shared an update on XRP’s short-midterm target of $77.7 on X, setting $5.85 and $18.22 as short-term possibilities. You might recall that historical pattern scenario.

As we discussed many times with the third wave, $XRP can extend towards $18; after the fourth wave correction,… pic.twitter.com/49ih6wZXAs

— Dark Defender (@DefendDark) March 2, 2025

If XRP fails to break through the $3.00 resistance zone, it might experience a temporary pullback. Initial support levels to watch include $2.75 and $2.62. A break below $2.62 could push the price toward the $2.50 support level or potentially as low as the trend line support near $2.40.

Conversely, if XRP continues its upward momentum and breaks above the $3.00 resistance, the next targets would be $3.20, followed by $3.35 and potentially $3.45 in the near term. The $3.50 level represents a major milestone that could prove challenging for bulls to overcome.

The current rally comes against a backdrop of market optimism regarding Ripple’s ongoing legal battles. However, some experts have questioned the direct correlation between Ripple’s SEC case and XRP’s price performance going forward.

XRP’s price dropped as low as $2.23 and reached as high as $2.97 within the past 24 hours, showing the volatile nature of the current market conditions. This volatility presents both opportunities and risks for traders looking to capitalize on the price movement.

For investors considering entry points, the key support levels of $2.60 and $2.77 identified by analysts could provide strategic opportunities. Similarly, resistance levels at $3.00 and beyond will be crucial to watch for potential breakout confirmations.

The technological fundamentals of Ripple’s payment network continue to attract interest from financial institutions looking for efficient cross-border payment solutions. This underlying utility could provide long-term support for XRP’s price, beyond the current market momentum.

As with all cryptocurrency investments, market participants should consider the inherent volatility and risk factors. While analyst predictions offer interesting perspectives, the actual price movement will depend on broader market conditions, regulatory developments, and ongoing adoption of the underlying technology.

The coming weeks will be crucial for XRP as traders watch to see if it can maintain the current momentum and break through key resistance levels to establish new price territories above the $3.00 mark.

XRP’s recent 30% price surge has been fueled by technical strength, whale accumulation, and speculation about its inclusion in a potential US Crypto Reserve.