XRP Surpasses Tether as Third-Largest Cryptocurrency

The XRP token has surpassed Tether, becoming the third-largest cryptocurrency after Bitcoin and Ethereum, with a market cap of $166.49 billion, compared to Tether’s $142.43 billion.

XRP has experienced a surge of over 30% following a post from President Donald Trump on Truth Social where he claimed that he directed the inclusion of the XRP token in a proposed Crypto Strategic Reserve.

The president’s message appears to have boosted investor confidence, leading to increased buying activity.

Source: Cryptorank

Trump’s Crypto Strategic Reserve Plans

In his efforts to position the U.S. as the crypto capital, Trump previously suggested creating a national crypto reserve. In a recent post on Truth Social, he commented:

> “A U.S. Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden Administration. My Executive Order on Digital Assets directed the Presidential Working Group to establish a Crypto Strategic Reserve that includes XRP, SOL, and ADA.”
> — President Donald Trump

Following his announcement, XRP rose 32%, ADA increased 62%, and SOL jumped nearly 25%. Additionally, Bitcoin climbed 10%, trading above $91,000, moving past the $80,000 mark to the $84,000 range. Ethereum also saw a 13% increase, crossing the $2,400 threshold.

Analysts believe that Trump’s actions will maintain a bullish momentum in the market and could lead to increased institutional and government adoption of cryptocurrencies. The uptick in digital asset prices began last Friday after Trump announced a crypto summit set for March 7.

Future Price Predictions for XRP

The Price DAA Divergence metric indicates a buy signal for XRP, as the asset’s price rises alongside increasing investor participation. The number of active addresses has grown, indicating new traders are entering the market, which reflects the growing confidence in XRP. The Chaikin Money Flow (CMF) indicator also shows continued buying momentum, suggesting potential price hikes in the upcoming weeks.

XRP is currently trading at $2.85, close to breaking the $2.95 resistance level, with potential upward movement toward $3.00. Analysts predict that if XRP overcomes these resistance levels, it could climb as high as $3.40, attracting even more investors and escalating buying pressure.

However, if investors start cashing out early and momentum slows, XRP may struggle to break through the $2.95 resistance and could dip back down to $2.70, potentially pausing its bullish rally until further developments arise.