Why Is XRP Dropping? Trump’s executive order on Thursday didn’t just affirm Bitcoin; it made it official—a US strategic asset with a title and a purpose in the form of the Strategic Bitcoin Reserve.
For Bitcoin maximalists, it’s a defining moment. For the rest of crypto—left watching from the bleachers as altcoins like XRP were ignored—it’s a bitter pill. The fallout saw markets whip into a frenzy, amplifying the fault lines already dividing digital assets.
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Why Is XRP Dropping? The Strategic Bitcoin Reserve Framework
Rather than buy into the market, the Strategic Bitcoin Reserve runs entirely on seized Bitcoin from criminal actions. No fresh acquisitions, no taxpayer dollars—Trump’s order makes clear that future expansion hinges on “budget-neutral strategies.” The reserve appears more like a vault than a trading desk, committed to holding its assets instead of liquidating them.
Trump pitched the move as a defining step in America’s digital dominance. “We’re cementing our place as global leaders in the crypto space,” he declared, “while building economic strength here in the US”
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XRP’s Market Performance and Technical Outlook
Notably absent from this historic policy are alternative cryptocurrencies, including Ethereum, Solana, and Ripple’s XRP. While Bitcoin reigns supreme in this initiative, the exclusion of these altcoins disappointed many crypto advocates. XRP, in particular, saw its community rallying to defend its legitimacy as a leading digital asset.
Conversely, options data points to a rising demand for long-term call positions, hinting that the market isn’t counting XRP out. If anything, it suggests the groundwork for a strong move ahead is already in motion.
XRP’s market is on edge, coiled tight in a symmetrical triangle pattern as traders watch for a decisive move. 99Bitcoin’s analysts point to strong signals—a golden cross between the 20-day and 200-day moving averages and narrowing Bollinger Bands—hinting at bullish momentum brewing just under the surface.
The technical setup paints a clear picture:
- Support sits firm at $145 billion, with any slip threatening a drop to $140 billion.
- Resistance at $150 billion is the key gate to a rise toward $155 billion.
- RSI around 60 signals steady bullish energy.
- Volume remains flat, suggesting traders are holding their breath for confirmation of a breakout.
With predictions aiming high, 99Bitcoins analysts see XRP hitting $3.50 by April 2025—a 33% boost—with midyear targets climbing to $9.67 if institutional support and regulatory clarity kick in.
Regulatory Uncertainty Looms
Eyes are now on the White House Crypto Summit, where industry leaders and analysts anticipate potential clarity on token classifications, enforcement strategies, and tax policies. Ripple’s CEO Brad Garlinghouse is among the attendees, sparking optimism about the future of XRP. The summit is seen as a critical moment for shaping the regulatory framework for digital assets in the U.S.
Bitget Research’s Chief Analyst Ryan Lee highlighted the summit’s significance, saying, “Announcements on token classifications and incentives could change the game for institutional investors and market dynamics in the long term.”
BREAKING:
TRUMP WILL GIVE A LIVE SPEECH ON #BITCOIN AND CRYPTO FROM THE WHITE HOUSE TODAY
FASTEN YOUR SEATBELTS
pic.twitter.com/SD6nDa1hoL
— Crypto Rover (@rovercrc) March 7, 2025
While Trump’s White House Crypto Summit sends Bitcoin into new territory, it also highlights the shifting recognition of blockchain as a central player in global finance.
XRP, meanwhile, is weathering the storm, flexing its muscle in cross-border payments as it reclaims its ranking among the top three cryptocurrencies. With momentum building, the token eyes a potential breakout year by summer 2025.
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Key Takeaways
- Why Is XRP Dropping? Trump’s executive order on Thursday didn’t just affirm Bitcoin; it made it official.
- Rather than buy into the market, the Strategic Bitcoin Reserve runs entirely on seized Bitcoin from criminal actions.
- With momentum building, the token eyes a potential breakout year by summer 2025.
The post Why Is XRP Dropping? XRP SEC Meeting Today Signals Breakout appeared first on 99Bitcoins.
