XRP Price Forecast for March 5 - Crypto Summit White House Impact

Having soared after Trump announced plans to include XRP as a strategic reserve asset, the price of XRP has now dropped to $3.25.

However, it seems that the current decline in XRP will not last long, because in the near future, there will be a moment that has the potential to shake the crypto market, namely the Crypto Summit at the White House.

Now, let's see how the XRP price forecast is tomorrow on March 5, 2024.

XRP Price Update Today

XRP has faced a sharp downturn in the past 24 hours, with its price dropping 15.79% to $2.35. 

This decline has erased a significant portion of its market capitalization, which now stands at $136.38 billion, reflecting a similar 15.79% loss. 

The sharp price drop comes alongside a 23.52% decrease in trading volume, now at $14.64 billion, suggesting a slowdown in market activity.

Throughout the day, XRP price fluctuated between a high of $2.79 and a low of $2.20, indicating strong selling pressure. 

The Volume-to-Market Cap ratio of 10.71% highlights an active but cooling market, where traders seem to be pulling back. This bearish movement signals a potential correction phase or external market influences that have triggered a sell-off.

The declining trading volume could indicate uncertainty among investors, leading to cautious trading behavior. With XRP’s total supply nearing its 100 billion maximum, and 57.94 billion XRP currently in circulation, liquidity remains high, but price stability is uncertain in the short term.

Overall, XRP’s current trajectory suggests further testing of lower support levels if buying momentum does not return. 

The broader crypto market sentiment, macroeconomic factors, and possible regulatory developments may play a role in shaping XRP’s next move.

XRP Price Forecast March 5, 2025

After experiencing a sharp 15.79% decline in the past 24 hours, XRP is at a critical point. The price fell to $2.35, with a daily low of $2.20, reflecting strong bearish pressure. 

The 23.52% drop in trading volume suggests a slowdown in market activity, which could influence price movements on March 5, 2025.

Short-Term Forecast (Next 24 Hours)

1. Bearish Continuation Scenario

If selling pressure remains high and volume continues to decline, XRP may test support levels near $2.20 or even $2.10.

A further breakdown could push XRP toward $2.00, a psychological support level.

2. Recovery & Rebound Scenario

If buyers step in to capitalize on lower prices, XRP could rebound toward $2.45-$2.50.

A strong recovery might push XRP back to the $2.60 resistance level, but this would require increased buying momentum.

3. Neutral/Consolidation Scenario

If market sentiment stabilizes, XRP may consolidate between $2.25 and $2.40 before making its next move.

Traders may wait for key macroeconomic events or industry news before taking further positions.

Read Also: How to Buy XRP (XRP)

Key Indicators to Watch

Trading Volume: If volume picks up, it could signal a price reversal.

Bitcoin & Market Correlation: If BTC and the broader crypto market recover, XRP may follow.

Regulatory or Institutional Developments: Any positive news from Ripple’s legal battles or new partnerships could boost sentiment.

Price Prediction Range for March 5, 2025

Bearish Case: $2.10 - $2.20

Neutral Case: $2.25 - $2.40

Bullish Case: $2.45 - $2.60

Crypto Summit White House: Impact on XRP Price

The White House Crypto Summit on March 7, 2025, hosted by President Donald Trump, is a pivotal event that could significantly influence XRP’s market price and the broader cryptocurrency industry. 

The summit, led by David Sacks, the White House’s AI and Crypto Czar, aims to discuss crypto regulations, stablecoins, and the integration of digital assets into the U.S. financial system.

Potential Impact on XRP Price

1. Regulatory Clarity & XRP’s Legal Standing

The U.S. government’s approach to crypto regulations, particularly Ripple’s ongoing legal battle with the SEC, could receive attention.

If the summit hints at a more favorable regulatory environment for cryptocurrencies like XRP, it could trigger a bullish run.

A decision to officially recognize XRP as a compliant digital asset or its inclusion in U.S. financial infrastructure could drive significant institutional adoption and price appreciation.

2. US Crypto Strategic Reserve Inclusion

Trump’s U.S. Crypto Strategic Reserve plan mentions major digital assets, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Cardano (ADA), and possibly XRP.

If XRP is officially included in this initiative, it would boost investor confidence, leading to increased accumulation and price surges.

The reserve’s formation could signal a long-term bullish outlook for XRP, as government-backed digital assets tend to gain market trust.

Expected Price Scenarios for XRP

Bullish Case (Positive Crypto Regulations & XRP Inclusion in Reserve)

XRP could surge past $2.80-$3.00, breaking recent resistance levels.

A strong institutional push could drive XRP toward $3.50-$4.00 in the coming weeks.

Neutral Case (Regulatory Uncertainty but No Major Setbacks)

XRP may trade within the $2.40-$2.60 range as the market waits for further developments.

Bearish Case (Regulatory Crackdowns or Unfavorable Announcements)

If the summit results in uncertainty or stricter crypto regulations, XRP could dip to $2.10-$2.20 in the short term.

Read Also: Price of XRP Increase if it Officially becomes a US Crypto Reserve Asset

The White House Crypto Summit is a crucial event that could define XRP’s trajectory. If positive regulatory clarity emerges and XRP gains official U.S. recognition, its price could rally significantly. 

However, traders should remain cautious of market volatility and speculative movements around the event.

Final Note

XRP has recently faced significant market volatility, with a sharp 15.79% drop in price, bringing it down to $2.35. 

The 23.52% decline in trading volume indicates a cooling market, potentially signaling either further downside movement or a period of consolidation before the next major move. Short-term forecasts suggest XRP could trade between $2.10 and $2.60 on March 5, depending on market sentiment and buying pressure.

However, a major catalyst is approaching: the White House Crypto Summit on March 7, 2025. This event, hosted by President Donald Trump, will focus on crypto regulations, stablecoins, and potential U.S. government adoption of digital assets. 

One key discussion point is the U.S. Crypto Strategic Reserve, which could include XRP alongside BTC, ETH, SOL, and ADA.

If the summit delivers positive regulatory clarity and recognition of XRP’s role in financial infrastructure, it could trigger a strong bullish breakout, pushing XRP toward $3.00-$4.00. 

However, if the event lacks clear support for XRP or hints at stricter regulations, the market may react negatively, leading to further downside pressure below $2.20.

FAQ

1. Why did XRP’s price drop by 15.79% in the last 24 hours?

XRP’s sharp decline to $2.35 was likely caused by a combination of factors, including market-wide corrections, reduced trading volume (-23.52%), and potential profit-taking from previous gains. The drop aligns with broader crypto market fluctuations, where investors might be waiting for regulatory clarity or key events like the upcoming White House Crypto Summit before making new moves.

2. How could the White House Crypto Summit on March 7 impact XRP’s price?

The summit, hosted by President Trump, will discuss crypto regulations, stablecoins, and the formation of a U.S. Crypto Strategic Reserve. If XRP is included in the reserve or receives positive regulatory recognition, its price could surge toward $3.00-$4.00. However, if the event results in uncertainty or stricter regulations, XRP could experience further short-term downside.

3. What is the U.S. Crypto Strategic Reserve, and why is it important for XRP?

The U.S. Crypto Strategic Reserve is a proposed initiative under President Trump’s administration to include key cryptocurrencies like BTC, ETH, SOL, ADA, and possibly XRP as part of national financial infrastructure. If XRP is included, it could significantly boost investor confidence, institutional adoption, and long-term price growth.

4. What are the key price levels to watch for XRP in the short term?

Resistance Levels: $2.50 - $2.60 (breakout could push XRP higher)

Support Levels: $2.10 - $2.20 (if selling pressure continues)

Bullish Scenario: If positive news emerges from the summit, XRP could reach $3.00 - $4.00.

Bearish Scenario: If the market reacts negatively, XRP could drop to $2.00 or lower.

5. What should traders and investors do ahead of the March 7 summit?

Monitor XRP’s trading volume and market sentiment—a spike in volume could indicate renewed interest.

Watch for key announcements from the summit—regulatory clarity and U.S. government support for XRP could drive bullish momentum.

Be prepared for short-term volatility—speculation around the event may cause price swings.

Consider technical indicators (RSI, MACD, Bollinger Bands) to identify entry and exit points.