Ripple (XRP) price soared to $2.70 on Thursday, surging 19% in 24 hours as investors responded to U.S. trade tariff updates and rising anticipation ahead of the White House Crypto Summit on March 7. With XRP bulls maintaining dominance in derivatives markets, leveraged long positions now total $150 million, signaling continued upside potential.
Ripple (XRP) Outperforms Bitcoin and Ethereum Ahead of White House Crypto Summit
XRP faced stiff resistance at the $3 level after Trump’s announced the strategic crypto reserve on March.
However, renewed volatility from shifting U.S. trade policies has strengthened bullish sentiment leading into the summit. If momentum persists, XRP could challenge long-term resistance above $3.
Ripple (XRP) Price Action
The latest market data indicates a strong influx of buyers, propelling XRP beyond $2.70 as investors execute last-minute trades ahead of today’s high-profile summit.
Ripple CEO Confirms Attendance at White House Crypto Summit
Ripple CEO Brad Garlinghouse confirmed his participation in the White House Crypto Summit, reinforcing the company’s growing engagement with the Trump administration’s digital asset policies.
” I’ve had some new confirmations for Friday’s White House Crypto Summit. As of this morning, invites were still rolling out. .”
FOX report Eleanor Terret Confirmed Ripple CEO Brad Garlinghouse attendance at White House Crypto Summit, in a March 6 post on X.
The summit, led by Trump’s AI and Crypto Czar David Sacks, will feature major industry figures, including Coinbase CEO Brian Armstrong and MicroStrategy’s Michael Saylor. Discussions will center on regulatory frameworks and a proposed U.S. crypto reserve.
Ripple price, already up 19% on Thursday has outperformed Bitcoin’s 4% dip. The affirms investor optimism surrounding the summit’s potential impact on Ripple’s institutional adoption. Analysts suggest a breakout beyond $3 could materialize if policy discussions favor digital asset integration into financial markets.
What is the White House Crypto Summit, and How Could It Be Bullish for XRP?
The White House Crypto Summit is a pivotal event where key industry leaders and policymakers discuss the future of cryptocurrency regulations in the U.S. Topics include the establishment of a national crypto reserve and clearer guidelines for institutional adoption.
For XRP, the summit’s significance lies in its potential to reshape market sentiment. If Ripple gains regulatory clarity or is formally integrated into the proposed reserve, XRP could experience sustained bullish momentum, with traders eyeing a move toward $5.
XRP Liquidation Map | March 6
Going by trends observed in Coinglass‘ latest derivatives market data, majority of XRP short-term traders are anticipated a positive outcome from the summit. As seen in the chart above, XRP long leverage has crossed the $150 million mark at press time on March 6, towering above the active short contracts which currently stands at $115 million. With long leverage outpacing short by more than 20%, the short-term momentum remains largely bullish.
However, if negative readings from Non-Farm Payrolls report overshadow headlines from the White House Crypto summit, XRP price risks rapid corrections if the over-leveraged bulls are liquidated.
XRP Price Eyes $5 as Bulls Retain Control Ahead of White House Crypto Summit
XRP price is holding strong above $2.60, gaining 19% in just two days as technical indicators flash bullish signals. The Parabolic SAR dots remain positioned below price action, confirming the prevailing uptrend, while the MACD histogram shows expanding green bars, signaling strengthening bullish momentum. The MACD line has crossed above the signal line, reinforcing the possibility of a sustained rally.
A decisive close above the $2.70 resistance zone could set the stage for a retest of the psychological $3 level, where prior rejection occurred following Trump’s crypto reserve announcement. If bulls maintain control, breaking past $3 could expose XRP to an extended breakout toward the $5 mark in the coming weeks.
XRP price analysis | XRPUSD
However, failure to hold above the $2.60 level may invite bearish pressure, potentially leading to a retest of the $2.10 support level, where buyers previously stepped in to propel the recent surge.
The increasing leverage in long positions, now at $150 million, suggests that market sentiment is skewed toward the upside, but it also introduces liquidation risks if volatility spikes. As the White House Crypto Summit unfolds, XRP’s reaction to regulatory developments could dictate the next major move, with bullish momentum favoring a continued uptrend.
BeInCrypto sat down with members of the LBank team to analyze the possible resurgence of the meme coin market as a leading crypto narrative and what their fusion with artificial intelligence (AI) can have on their reach.
LBank also discussed the impact of the four-month-old Markets in Crypto-Assets (MiCA) regulation on its operations across Europe. They described a fundamental change in investor confidence in light of greater regulatory clarity and simplified accessibility.
Have Meme Coin Highs Given Way to Devastating Lows?
In recent years, the meme coin market has largely been characterized by overwhelming highs and devastating lows. The first few months of 2025 have further confirmed the volatile nature of these tokens, to the point that a vocal part of the crypto community believes that their recent lows have marked the end of the meme coin lifecycle.
These claims are not unfounded, especially now that the US President has become a meme coin player. When Trump launched his meme coin in mid-January, TRUMP reached a market capitalization of nearly $8.8 billion, a number never before seen by a meme coin launch.
When insider traders capitalized on the surge to sell off their holdings and retain millions of dollars in gains, retail investors bore the brunt of the massive sell-off, suffering hundreds of thousands of dollars in losses.
“The decline in meme coin market cap since January can be attributed to a combination of market dynamics and sentiment shifts. A key driver was the rapid rise and subsequent crash of the TRUMP token, which drew significant market capital due to its viral appeal but collapsed sharply, eroding investor confidence and triggering a broader risk-off sentiment,” Eric He, Community Angel Officer and Risk Control Adviser at LBank told BeInCrypto.
After similar experiences with the MELANIA token and the LIBRA launch, some of these retail investors realized that meme coins —as unregulated and unpredictable as they are— may not be the best investments.
Is the Meme Coin Frenzy Coming to a Halt?
Given the devastating effects that these episodes have had on the meme coin market, trading has reduced significantly. The crypto community seems to have become saturated with news of pump-and-dump schemes and rug pulls, likely contributing to a halt in the meme coin frenzy.
The total meme coin market capitalization has been free-falling since January’s peak following the presidential token launches. Now, its levels resemble those of September 2024. The greater economic downturn that traditional and crypto markets experienced over the past several weeks has only worsened prospects.
Yet, despite this downward pressure, the market still experiences a high level of activity. It has a $14.5 billion trading volume and a $57 billion market capitalization.
Total meme coin market capitalization. Source: CoinGecko.
According to the LBank team, the meme coin industry is due for a revival.
LBank’s Belief in the Revival of the Meme Coin Market
Though the decline in meme coin performance has been significant, the LBank team expressed that these circumstances are far from unexpected. Meme coins are inherently tied to community support and social momentum.
The sustained trading volumes and large market capitalization serve as tangible indicators that, even in a downturn, the market is seeing active community engagement and liquidity. Investors still see value in the tokens’ cultural and speculative appeal.
“We see it as a healthy market correction rather than a fundamental shift. Meme coins have always been volatile, but the fact that trading volumes remain high shows continued interest. What’s happening now is not the end of the trend—it’s just a recalibration before the next wave,” Mario Iemma, Head of Spanish Markets at LBank, told BeInCrypto.
In fact, Iemma believes that meme coins will not be dying out anytime soon.
AI agents represented the first significant shift in the evolution of the cryptocurrency industry. These autonomous systems proved that they could make decisions and perform tasks independently. This technology enhances intelligence, adaptability, and fairness in financial mechanisms.
Now, developers have unlocked artificial intelligence’s potential on tokens. Systems like Grok have already made news by using AI to automatically and independently design and launch tokens.
However, with a nascent technology like AI, the LBank team emphasized the need for responsible and thorough deployment for the long-lasting success of AI-generated tokens. This success hinges on two particular factors: accessibility and security.
Security and Accessibility Challenges for AI-Generated Tokens
The concept of security is frequently associated with any emerging technology. Artificial intelligence is no exception, especially in a particularly unregulated industry like crypto.
According to He, AI-generated token projects’ degree of security and transparency will determine their success.
Iemma agreed, adding that if AI-generative tokens become widely accessible, this development will also require additional layers of oversight.
“That same accessibility demands better filters, vetting, and AI-based security audits—areas where exchanges like LBank are already investing resources,” he said.
While reflecting on the security risks associated with artificial intelligence and the breaches in consumer trust that meme coins have had on the crypto community, the LBank team also emphasized the need for greater regulation in the industry.
The development of cryptocurrency regulations varies significantly across the globe. Notably, the European Union implemented comprehensive rules almost five months ago, while key markets such as the United States are still establishing adequate frameworks.
MiCA’s Effect on the European Crypto Market
Last December, with the implementation of the Markets in Crypto-Assets (MiCA) regulation, the European Union became the first jurisdiction to establish a comprehensive and unified regulatory framework for crypto-assets across all its member states, marking a significant milestone.
According to the LBank team, MiCA gives users and institutions a trustworthy framework. This development has proven critical for industry growth across the region.
“MiCA has forced firms to become more transparent and compliant, which is a good thing for long-term trust. We’ve seen exchanges accelerate their legal and operational upgrades. For users, it creates a safer, more predictable environment,” Iemma said, adding, “With clearer rules, banks and investment firms are more willing to explore crypto partnerships, custody solutions, and even tokenized assets. Regulation reduces reputational risk, and MiCA is helping bridge that gap.”
However, this experience can be largely attributed to established firms in the industry and investors with access to substantial resources. Other players, however, have struggled to gather the requirements to apply for a MiCA license.
Future Accommodation for Smaller Crypto Businesses
In discussing the impact of MiCA since its enactment last December, He highlighted how different industry players have responded to the landmark regulation. He noted that startups struggle the most to obtain an operational license.
When evaluating the cost-effectiveness of an operational license, He’s conclusions make sense.
MiCA is an expensive regulation. It mandates minimum capital requirements based on the crypto services offered. These requirements range from €50,000 for advisory and order-related services to €125,000 for exchange and trading platforms and up to €150,000 for custody services. Businesses must maintain this capital as a financial safeguard.
Beyond minimum capital requirements, companies must factor in government and legal fees, local presence costs, bank setups, and ongoing operational costs. But for prominent exchanges like LBank, the benefits outweigh the costs.
Future MiCA updates could address the high compliance costs for smaller businesses. Meanwhile, other regions developing their crypto regulations should consider this aspect to avoid creating similar barriers.
April has been a turbulent month for XRP, starting at around $2.0897 and experiencing significant fluctuations. After a sharp correction of 14.06% early in the month, XRP saw a notable 20.08% surge between April 9 and 12. The price peaked at $2.3618 on April 28 but has since dropped by 3.98% since April 29, with a further 2% decline in the last 24 hours.
This recent price drop has led to intense debate among analysts. Some predict XRP price crash to as low as $1.55, while others argue that the current dip is merely a shakeout before XRP embarks on its next major rally.
Will XRP Price Crash in May?
Crypto analyst BLOCK BULL foresees a potential drop in the XRP market, suggesting that the price may dip below $2 in the short term. His forecast comes after XRP was rejected at the top of a bull flag pattern. Since then, the market has fallen by over 8%, and BLOCK BULL predicts a further decline to as low as $1.55—an over 30% drop from the recent high.
Is XRP’s Growth Potential Over?
Despite the bearish outlook from some analysts, many experts, including BLOCK BULL, believe the recent downturn is only temporary. They highlight XRP’s solid fundamentals, citing Ripple’s strategic partnerships, regulatory progress, and growing institutional adoption as key factors driving long-term growth.
In particular, Ripple’s recent success in halting legal proceedings with the U.S. Securities and Exchange Commission (SEC) has paved the way for a permanent settlement, further bolstering XRP’s long-term outlook.
XRP Price Analysis
Despite the current dip, most experts see this as an ideal buying opportunity. BLOCK BULL points out that whales are using price drops to accumulate more XRP, positioning themselves for the next upward move. Another analyst, BitGuru, sees $2.15 as a crucial support level. If XRP holds above this level, it could potentially bounce back to $2.25 or even higher.
Brett also believes in XRP’s long-term potential, stressing that the real value will be evident for those who hold through market fluctuations.
Conclusion
The consensus is clear: While XRP may experience short-term volatility, the current dip is an opportunity for long-term investors. With strong fundamentals and an improving regulatory environment, XRP’s price could see significant gains in the coming months. Keep an eye on support levels and market trends as we head into May.
Never Miss a Beat in the Crypto World!
Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.
The post XRP Faces Price Crash Warning, But Experts Say It’s All Part of a Bigger Plan appeared first on Coinpedia Fintech News
April has been a turbulent month for XRP, starting at around $2.0897 and experiencing significant fluctuations. After a sharp correction of 14.06% early in the month, XRP saw a notable 20.08% surge between April 9 and 12. The price peaked at $2.3618 on April 28 but has since dropped by 3.98% since April 29, with …
