XRP price hiked 34% on the news of Trump announcing to include it in the US strategic reserve and plans to host a crypto summit. Trump’s announcement has increased not just Americans, but everyone round the world’s trust in the coin.
In the last 7 days, XRP traders have been on a rollercoaster ride. On March 2, the XRP price spiked from $2.2 to $2.9 in a very short time. However, this over 34% price hike was short-lived, as by March 4 it was back again to $2.2. But as we move closer to the summit deadline of March 7, XRP is also moving up day by day. As of now, the price is $2.5 with a market cap of $145 billion and a 24-hour trading volume of $5.6 billion.
According to cryptocurrency expert Ali Martinez, the number of people actively using XRP has exploded by 620% in just the past week. That’s a jump from 74,589 active users to a whopping 462,650!
The latest buzz started with a report from Glassnode, a company that tracks data on digital currencies. They found that the number of active XRP “wallets”—think of these as online bank accounts for holding XRP—skyrocketed over the past week.
Interestingly, this week’s boom follows a quieter period. Between December and late February, the number of active XRP users had actually dropped by 50%, from 202,250 to 101,169. So, this recent explosion in activity is a dramatic turnaround—and it’s got people talking.
What’s Next for XRP?
For someone new to this, the key takeaway is that XRP is getting a lot of attention right now. More people using XRP could mean it’s becoming more popular and trusted. The price going up might tempt some to invest, hoping it climbs higher. Though, as the recent dip shows, it’s a risky bet, always weigh your investment beforehand.
The U.S. government’s move to include XRP in its plans also suggests that digital currencies might play a bigger role in the future, even for everyday things like sending money overseas.
Whether XRP keeps climbing or takes another dip depends on many things: what happens with the U.S. crypto reserve, how many people keep using it, and even broader trends in the digital money world. For now, it’s a hot topic not just for crypto enthusiasts, but for anyone curious about where money and technology are headed.
Also Read: Exclusive Guest List of Crypto Summit 2025 at The White House
