XRP Price Must Reach This Level For US Reserve Consideration, Lawyer Reveals

Rupam Roy
February 8, 2025 Updated February 10, 2025
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XRP Price Must Hit This Level To Qualify For US Reserve, Lawyer Says

Highlights

  • Top lawyer reveals how much XRP price should surge for its inclusion in the US Strategic Reserve asset list.
  • Experts predicts a potential XRP price rally to $5 if it breaches crucial supports ahead.
  • XRP may slip to $1.5 if the bearish sentiment dominates.
  • Ripple's native crypto recorded a surge of around 4% today, reflecting renewed market interest.

XRP price has recorded some recovery and stayed in the green today amid a flurry of positive developments in the market. Notably, the ongoing discussions over the crypto being added to the US national reserve asset list have intensified with recent reports of Ripple CEO joining Trump’s Crypto Council board. Amid this, a top lawyer reveals how much should Ripple’s native crypto surge to qualify for the US Strategic Reserve asset.

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Lawyer Reveals XRP Price Level To Fit For US Reserve

The idea of adding XRP to the US Strategic Reserve has stirred debates, particularly as several US states push forward with Bitcoin reserve initiatives. However, not all proposals align with public expectations.

A notable example is Utah’s Blockchain and Digital Innovation Amendments bill, which many believed would establish a Bitcoin Strategic Reserve. A skeptical user dismissed the speculation, stating that the bill does not mention Bitcoin at all. Block Digital co-founder Santiago Velez reinforced this view, criticizing misleading narratives surrounding the legislation.

Despite this, Ripple’s native crypto remains a topic of interest in reserve discussions. Pro-XRP lawyer Fred Rispoli weighed in, stating that under the current framework, only Bitcoin qualifies. However, he suggested that XRP could meet the requirements if its price reaches $5. This revelation has intensified market debates, as the current XRP price remains far below this threshold.

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Can XRP Hit $5?

XRP price was down around 3% today and exchanged hands at $2.39, while its trading volume rose 36% to $5.38 billion. Notably, the token has touched a 24-hour high and low of $2.49 and $2.32, respectively. Notably, the current RSI level of 37 indicates a strong momentum ahead for the crypto.

XRP Price Chart
XRP Price Chart

Amid this, a top market expert shared a bullish forecast for Ripple’s native crypto. In a recent X post, prominent market expert Rose Premium Signals said that the recent dip is a perfect opportunity for accumulation which might trigger a potential rally ahead. Besides, the expert has set a target of $4.95 for XRP price, with $3.4 and $4.21 being the crucial levels ahead.

XRP price analysis
Source: Rose Premium Signals, X

Simultaneously, speculations over Ripple CEO Brad Garlinghouse joining Donald Trump’s crypto advisory board have further fueled discussions. Although many have speculated if the Ripple CEO has to resign from his role at the blockchain firm, others see this as a likely opportunity for Ripple to strengthen its market dominance.

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Crucial Levels To Watch For XRP Price Ahead

Renowned analysts have highlighted crucial levels for XRP price which has gained notable traction. For instance, expert EGRAG CRYPTO recently said that XRP needs to close the $2.67 to maintain a run towards the north ahead. Besides, he also noted a close above the $2.81 level, a “Crucial Resistance”, would trigger a massive rally ahead.

Ripple price analysis
Source: EGRAG CRYPTO, X

Echoing similar sentiment, another crypto analyst Dark Defender said that XRP must hold the $2.33 level to continue its upward run. He has highlighted $2.7 and $2.99 as the next targets for Ripple’s native crypto. However, he has highlighted the $2.33 and $1.99 levels as crucial supports.

Ripple analysis
Source: Dark Defender, X

What If Bearish Sentiment Dominates?

The XRP price is at a critical juncture and in a consolidation phase, with bears threatening to take control. According to popular market expert CasiTrades, key support levels to watch are $2.16, $1.88, and $1.53.

The expert emphasized the importance of a slow drop, rather than strong selling, which could drive the price even lower. The $1.88 level is particularly crucial, aligning with the 0.5 retracements and 2.618 extensions for the subwave 3 down.

Traders can expect some strength at this level, but an exhausted finish is still necessary. CasiTrades recommends spot buying each level, with a short-term bounce possible at $2.16. A stop-loss just below support can help manage risk.

Ripple prediction
Source: CasiTrades, X

The final wave down should form 5 waves or an ending diagonal, with the invalidation of another low coming with prices breaking back into consolidation around $2.90. Having said that, it appears that XRP price could fall to as low as $1.5 level if the bears dominate the market sentiment. Despite that, market watchers are closely anticipating a strong rally ahead, with the crypto potentially hitting the $5 mark to fit the US Strategic Reserve asset.

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Rupam is a seasoned professional with three years of experience in the financial market, where he has developed a reputation as a meticulous research analyst and insightful journalist. He thrives on exploring the dynamic nuances of the financial landscape. Currently serving as a sub-editor at Coingape, Rupam's expertise extends beyond conventional boundaries. His role involves breaking stories, analyzing AI-related developments, providing real-time updates on the crypto market, and presenting insightful economic news. Rupam's career is characterized by a deep passion for unraveling the complexities of finance and delivering impactful stories that resonate with a diverse audience.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.