XRP (XRP)
$2.09
-$0.11(-5.00%)Today
As of March 11, 2025, XRP is trading at approximately $2.09, reflecting a 5% decrease from the previous day. The cryptocurrency has experienced notable volatility recently, briefly dipping below $2 before rebounding.
This price movement follows President Donald Trump’s announcement of a U.S. strategic cryptocurrency reserve, which includes XRP. The announcement initially boosted XRP’s price; however, subsequent clarifications that the government would acquire digital assets only through forfeiture led to a market sell-off.
Despite recent fluctuations, XRP has achieved a substantial gain of 328% since November 5, contrasting with a 3% decline in the S&P 500 and an 18% increase in Bitcoin over the same period.
Investors remain cautious due to ongoing regulatory challenges faced by Ripple, the company behind XRP, and broader economic concerns affecting the cryptocurrency market.