Ripple XRP Price Drops Below $2.50 – Trump Crypto Summit Starts
Ripple coin has reversed lower today, losing around 5% as the XRP price falls below $2.50 ahead of Donald Trump’s crypto summit which can have a major impact on the cryptocurrency market.
XRP Struggles After Failing at $3 Resistance
XRP saw a strong rebound earlier this month after spending nearly a month trading below $2 until the end of February. The turnaround was fueled by Donald Trump’s announcement that Ripple (XRP) and other major cryptocurrencies would be included in the proposed U.S. national cryptocurrency reserve, a topic to be discussed at today’s White House Crypto Summit.
Following the announcement, XRP surged 50% last Sunday, bouncing off the $2 support level. However, the rally stalled near $3, and buyers failed to break through the key resistance level. This led to a sharp reversal down to $2.2150, where strong support helped XRP recover back to $2.50.
XRP Faces Renewed Selling Pressure as White House Crypto Summit Begins
Despite its recent recovery, XRP has turned lower again today as the White House Crypto Summit gets underway. Investors remain cautious, waiting for concrete policy signals that could shape the future of digital assets in the U.S.
The Trump administration has consistently signaled support for cryptocurrencies, with Trump recently emphasizing that Bitcoin holds a unique position in the digital asset space. Many crypto investors now expect stronger regulatory clarity and potential policy action following this summit.
For XRP specifically, much will depend on whether other digital assets like Solana (SOL) and Cardano (ADA) are also included in the final structure of the crypto reserve alongside BITCOIN . A bullish outcome from the summit could help XRP reclaim the $3 level, while a failure to secure a strong role in the plan might push the price back toward $2.20 or lower.
Donald Trump’s Comments Just Out
The U.S. Departments of Treasury and Commerce have announced plans to explore strategies for increasing the government’s Bitcoin holdings, signaling a potential shift in policy toward digital assets.
Meanwhile, Operation Choke Point 2.0, the Biden administration’s effort to restrict cryptocurrency access to traditional banking services, appears to be coming to an end. This initiative, which aimed to limit the ability of crypto firms to operate within the regulated financial system, had sparked significant backlash from industry leaders and lawmakers.
With regulatory pressure easing, the future of Bitcoin and other digital assets in the U.S. could see a major shift, as government agencies now look for ways to integrate cryptocurrencies into national financial strategies rather than suppress them.
Market Outlook
As the summit unfolds, traders and investors will closely monitor any policy announcements that could influence the market’s direction. If the White House provides strong support for broader cryptocurrency adoption, XRP could regain bullish momentum. However, continued uncertainty or exclusion from key policies could lead to further downside pressure.
Ripple XRP Live Chart
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