XRP News: Controversy Erupts Over XRP’s Suitability as a Strategic Reserve, with Charles Hoskinson Defending the Cryptocurrency

Peter Schiff Criticses XRP as a Strategic Reserve Option

Bitcoin skeptic Peter Schiff expressed his disapproval of using XRP as a strategic reserve, stating, “I get the rationale for a Bitcoin reserve. I don’t agree with it, but I get it. But what’s the rationale for an XRP reserve? Why the hell would we need that?” His comments sparked a debate, with Cardano co-founder Charles Hoskinson defending XRP, highlighting its technology, global standard status, community strength, low fees, liquidity, and fast transactions. Others also supported XRP’s inclusion in the reserve for similar reasons.

Analyst Predicts XRP Price Could Fall to $1.5

A crypto analyst has predicted that the XRP price could undergo a further decline to $1.5 if a critical resistance level fails to hold. MadWhale, a TradingView analyst with a strong track record of identifying cryptocurrency trends, emphasized that XRP is currently in a downtrend, making lower highs and lower lows, indicating a bearish structure.

XRP Rally Fades; Price Declines from $3.00 Resistance

The XRP price has started a fresh decline from the $3.00 resistance zone. The price has fallen over 20% and is currently trading below $2.50 and the 100-hourly Simple Moving Average. There was a break below a connecting bullish trend line with support at $2.40 on the hourly chart. If the price breaks the $2.20 support zone, it might continue to move down. Prior to the decline, XRP rallied above $2.50 and $2.80 but failed to clear the $3.00 resistance.

Ripple: XRP Price Prediction For Mid March 2025

Ripple (XRP) has been gaining attention due to its inclusion in the US national cryptocurrency reserve alongside Cardano and Solana. The upcoming crypto summit on March 7 is expected to bring major changes, which may propel Bitcoin and tokens like XRP to gain further momentum. This development could mark a new turning point for XRP in the near future.