XRP Price Soars 34% Following Trump’s Crypto Announcement
XRP is making waves in the crypto world after surging 34% overnight (AEDT) following Donald Trump’s executive order to establish a US Crypto Strategic Reserve. The reserve will include XRP, Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Cardano (ADA).
Also Read: Trump’s Crypto Move Sparks Controversy, Market Surge
Trump posted on Truth Social, stating his goal to make the US the Crypto Capital of the World after what he called “years of corrupt attacks” by the Biden administration. His statement immediately caused it’s price to spike, making it one of the top-performing cryptocurrencies in the last 24 hours.
Figure 1: This price surge in the last 24 hours [CoinGecko]
XRP to AUD: Price Surge and Market Movement
This is currently trading at A$4.53, reflecting a 23.8% gain in the last 24 hours. Over the past week, prices fluctuated significantly, with a high of A$4.53 on Monday and a low of A$3.46 on Saturday.
XRP Price History (Past 7 Days):
- March 3, 2025 (Monday): A$4.53 (+23.8%)
- March 2, 2025 (Sunday): A$3.53 (+2.0%)
- March 1, 2025 (Saturday): A$3.46 (-1.9%)
- February 28, 2025 (Friday): A$3.53 (+1.7%)
- February 27, 2025 (Thursday): A$3.47 (-5.1%)
- February 26, 2025 (Wednesday): A$3.66 (+1.9%)
- February 25, 2025 (Tuesday): A$3.59 (-11.4%)
This price movement highlights volatile nature, driven by both market sentiment and external news events.
XRP to AUD Conversion Rates:
- 1 XRP = A$4.53
- 10 XRP = A$45.30
- 100 XRP = A$452.96
- 1000 XRP = A$4529.60
The 24-hour its trading volume has hit A$25.7 billion, signaling a major increase in investor interest.
This News: Trump’s Crypto Reserve Sparks Debate
Despite rally, Trump’s crypto strategy has sparked controversy. Investor Jason Calacanis, who co-hosts a podcast with Trump’s crypto advisor David Sacks, criticized the move, calling it a disaster waiting to happen.
Calacanis warned, “It’s a terrible idea to spend taxpayer money buying the crypto bags of the people who donated many millions to him.”
Other critics argue that government intervention in crypto markets contradicts the industry’s decentralized nature. If Trump’s crypto reserve fails, XRP and other digital assets could face a severe market correction.
It’s Future: Will Coinbase Relist XRP?
The latest news has fueled speculation about a potential Coinbase relisting.it was previously delisted due to its legal battle with the SEC, but Trump’s pro-crypto stance could change regulatory policies in the US crypto market.
Many crypto investors believe that if Trump follows through on his crypto-friendly policies, exchanges like Coinbase may reintroduce it trading. This could further boost it’s price and adoption.
It’s Short-Term Outlook: Can It Hold the Gains?
While has surged, market analysts warn that volatility remains high. If Trump’s crypto reserve plan faces legal or political challenges, price could retreat.
For now, It remains at the center of crypto news, with traders watching closely to see if this rally will continue or if a market correction is on the horizon.
