Ripple (XRP) is once again gaining momentum. While the cryptocurrency market portrays an overall bearish stance as rising trade war narratives gain steam, Bitcoin took the most heat out of the lot, losing its $100K crown to sit at $99K at press time. However, in the middle of this, Donald Trump’s crypto czar David Sacks is all set to conduct a new digital asset meeting today, outlining ways through which America can ace the global digital asset domain. Will this conference turn the tables around for the crypto domain, with a special focus on XRP? Let’s find out.
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America to Lead Global Digital Asset Domain?
Donald Trump, the current president of the United States, has shown a steadfast approach when it comes to the cryptocurrency regime. The president has shown great admiration and care towards the sector and has contributed heavily to help the sector gain mainstream momentum. In this wake, Trump’s crypto czar David Sacks will be conducting a new press conference on February 4, outlining ways through which the nation can pioneer the digital asset domain.
The meeting’s agenda has sparked widespread speculation across all social networks, vying for new exciting announcements in the crypto domain. For instance, investors and enthusiasts are betting big on the White House collaborating with XRP or possibly drawing a project with Ripple. These speculations were gaining steam since Ripple’s CEO Brad Garlinghouse met with Donald Trump, sparking rumors of a possible collaboration.
In addition to this, several cryptocurrency analysts and experts came forward with new theories, adding how Sacks may outline a probable XRP use case in the meeting. Speaking about other agendas, investors are also banking on Sacks announcing a possible XRP reserve, digital asset adoption, and tax exemption on crypto as ways to bolster its presence in the domain.
🚨 MAJOR ANNOUNCEMENT INCOMING 🚨
David Sacks will hold a press conference tomorrow at 2:30 PM EST on the U.S. digital asset strategy 🇺🇸
We might hear about XRP reserves, digital asset adoption, and potential tax exemptions for crypto transactions
This could be BIG for XRP 🚀 pic.twitter.com/e75qR6X5qo
— John Squire (@TheCryptoSquire) February 3, 2025
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XRP’s Price Path in the Long Haul
Per CoinCodex, Ripple (XRP) may surge to sit at $2.64 by February 10, 2025.
“According to our XRP price prediction, XRP is forecasted to trade within a price range of $ 2.72 and $ 2.80 this week. XRP will increase by 2.64% and reach $2.80 by Feb 10, 2025, if it reaches the higher value target.”
The token may stabilize around $2.70 by the end of February 2025.
“According to our current XRP price prediction, the price of XRP is predicted to rise by 2.37% and reach $ 2.79 by March 6, 2025. Per our technical indicators, the current sentiment is neutral while the Fear & Greed Index is showing 72 (greed). XRP recorded 16/30 (53%) green days with 12.10% price volatility over the last 30 days. Based on the XRP forecast, it’s now a good time to buy XRP.”
However, if key XRP-centric announcements are made in the press conference today, the token “may” hit new unprecedented highs, hitting a new possible ATH in the process.
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