XRP News: Trump’s Crypto Strategic Reserve Influences XRP Price Volatility

Recent developments in the cryptocurrency world have placed XRP in the spotlight, particularly due to an executive order signed by former US President Donald Trump. Here’s a summary of how this move has impacted XRP’s price and what investors should know.

XRP Price Analysis: Will Trump’s Crypto Reserve Keep XRP Above $3?

US President Donald Trump signed an executive order to create a Crypto Strategic Reserve, advocating for the inclusion of XRP, Solana, and Cardano, along with Bitcoin, in the reserve. XRP’s seven-day growth of 8.6% suggests that the market has benefited from Trump’s action. However, in the last 24 hours, the XRP price has declined by over 5.2%, indicating that the market has partly lost the initial excitement.

Investing in XRP Amid Lawsuit Speculation is a Gamble, Say Top Crypto Experts

The long-running legal fight between Ripple and the U.S. SEC might be nearing its end, with a closed-door SEC meeting held on March 6 fueling speculation that the lawsuit could be dismissed soon. Some experts believe a decision could come soon. Amid the excitement, software engineer Vincent Van Code has warned investors against rushing to buy XRP in hopes of quick profits, cautioning that betting on price swings based on rumors could be risky.

Ripple Cofounder’s $150M XRP Heist Linked to LastPass Hack

A $150 million theft targeting Ripple co-founder Chris Larsen has been traced back to a security lapse involving the password manager LastPass. According to a forfeiture complaint filed by U.S. law enforcement on March 6 and flagged by blockchain sleuth ZachXBT, Larsen’s private keys, used to access his token holdings, were stored in LastPass. LastPass suffered a major breach in 2022, where hackers stole source code, technical data, and later encrypted customer password vaults and unencrypted metadata for an estimated 25 million users. The complaint details how the hackers exploited this access to infiltrate a cloud storage system and steal Larsen’s private keys.

XRP Price Prediction: Is $6 Within Reach?

XRP has long been a dominant force in the cryptocurrency market. Investors are hoping for it to achieve a significant breakout. Current market trends and recent events suggest that XRP might reach $6. However, some traders are focusing on BeerBear (BB), wondering if it has the potential to outperform even XRP. Despite XRP’s past price rises, doubts remain about its ability to hit new highs, especially compared to new high-volatility tokens.