President Trump's announcement on March 2, 2025, via Truth Social about XRP joining the U.S. Crypto Reserves led to a 30% surge in XRP's price to $2.60, boosting its market cap.
The surge in XRP's price coincided with Ripple unlocking 400 million XRP tokens on March 3, 2025, valued at $1.1 billion.
Amidst the buzz, technical analysis suggests that XRP faces resistance at the $3 level, with potential targets at $3.40 based on historical data.
The $150 billion market cap milestone for XRP indicates its strong position, while 700 million XRP remains locked out of circulation, highlighting Ripple's careful supply management.