The XRP price stabilized above $2.40 on Friday, marking a weekly gain of 23%. This surge followed confirmation that Ripple CEO Brad Garlinghouse will attend a high-profile White House summit, reigniting market optimism. Around the same time, over $100 million worth of XRP was withdrawn from Binance since former President Donald Trump announced a proposed cryptocurrency strategic reserve over the weekend. These developments signal growing institutional interest and potential regulatory momentum for digital assets.
XRP Price Holds Strong Above $2.40 Amid White House Summit Hype
Despite broader market volatility affecting mid-cap cryptocurrencies like Sui (SUI) and Chainlink (LINK), XRP has demonstrated resilience. The altcoin maintained its position above the critical $2.40 support level, reinforcing its bullish trajectory.
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This strength comes as investors position themselves ahead of a pivotal White House meeting where Trump is expected to convene with top crypto executives and industry stakeholders. The agenda reportedly includes discussions on regulatory frameworks and the allocation of a potential digital asset strategic reserve.
At the time of writing, XRP was trading above $2.47, having reclaimed key technical levels after earlier dips. The confirmation of Ripple CEO Brad Garlinghouse’s attendance has further amplified market sentiment. Garlinghouse has long been an advocate for clear U.S. crypto regulations, and his presence at the summit suggests Ripple may play a central role in shaping future policy.
Market analysts interpret this as a potential catalyst for favorable regulatory clarity or even government-backed adoption initiatives—both of which could significantly boost XRP’s valuation in the medium to long term.
Exchange Outflows Signal Strategic Accumulation Ahead of Policy Shifts
Beyond price movements, on-chain data reveals a telling trend: XRP holders are moving substantial amounts of the asset off centralized exchanges, particularly Binance.
According to CryptoQuant’s exchange reserve metrics, Binance held approximately 2.9 billion XRP on March 2. By Friday, that figure had dropped to 2.85 billion—a net outflow of 50 million XRP, valued at roughly $130 million at current prices.
This withdrawal pattern is widely regarded as a bullish indicator. When users transfer tokens from exchanges to private wallets or cold storage, it typically reflects long-term holding intentions rather than short-term trading activity.
Such behavior aligns with growing speculation that institutional players and savvy investors are quietly accumulating XRP in anticipation of upcoming regulatory developments—possibly including U.S. Treasury purchases or formal recognition of XRP as a non-security under revised guidelines.
Lower exchange liquidity also reduces sell-side pressure, making it easier for positive news—like outcomes from the White House summit—to trigger sharp upward price movements. If outflows continue, any breakout above $2.60 could gain significant momentum.
Technical Outlook: MACD Flashing Green, But $2.40 Support Is Critical
While XRP remains volatile, technical indicators suggest bullish momentum is building.
Over a two-day period, XRP surged by 19.33%, supported by strong accumulation visible in the Accumulation/Distribution (A/D) indicator, which now stands at 74.22 billion. This reflects sustained capital inflow into the asset, reinforcing confidence in its ability to sustain recent gains.
The MACD (Moving Average Convergence Divergence) indicator has turned decisively positive. The MACD line sits at 0.0238, crossing above the signal line at -0.0347. Additionally, the histogram has shifted to green—confirming strengthening upward momentum.
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Historically, such MACD crossovers precede extended rallies, especially when accompanied by rising volume and reduced exchange supply. Should buying pressure persist, XRP could target the psychologically significant $3.00 level in the coming weeks.
However, risks remain. A failure to maintain the MACD bullish crossover could lead to bearish divergence—a warning sign of weakening momentum and potential reversal.
Moreover, after a recent 5.84% pullback, short-term traders are watching for profit-taking behavior at higher levels. Increased leverage in the market may amplify volatility in either direction.
Key Levels to Watch:
- Support: $2.40 – A decisive break below this level could open the door to deeper corrections, potentially targeting $2.20.
- Resistance: $2.60 – A sustained move above this zone would reaffirm bullish control and likely trigger follow-through buying.
- Upside Target: $3.00 – Achievable if regulatory tailwinds materialize post-summit.
FAQ: Your Top Questions About XRP’s Surge Answered
Q: Why is Ripple CEO Brad Garlinghouse attending the White House summit?
A: Garlinghouse is recognized as a leading voice in blockchain regulation advocacy. His participation signals growing recognition of Ripple’s role in shaping U.S. crypto policy, especially regarding cross-border payments and regulatory clarity for digital assets.
Q: What does the $130 million XRP outflow from Binance mean for the price?
A: Large-scale withdrawals suggest investors are taking custody of their tokens, reducing circulating supply on exchanges. This often leads to tighter markets and increases the likelihood of sharp price increases when demand rises.
Q: Could XRP reach $3.00 soon?
A: While not guaranteed, a confluence of factors—including positive summit outcomes, continued accumulation, and strong technicals—makes a move toward $3.00 plausible in the medium term.
Q: Is XRP still legally secure after the SEC case?
A: Following key rulings in Ripple’s favor, many analysts believe XRP is on stronger legal footing in the U.S., especially for secondary market sales. However, ongoing appeals mean full clarity may take more time.
Q: How might a crypto strategic reserve impact XRP?
A: If the U.S. establishes a strategic reserve and includes major altcoins like XRP, it would represent unprecedented institutional validation—potentially driving massive demand and reclassifying digital assets in financial policy.
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Final Thoughts: XRP Poised for Breakout Amid Policy and On-Chain Catalysts
XRP’s recent performance reflects more than just speculative trading—it underscores a maturing narrative driven by real-world adoption, regulatory engagement, and strategic accumulation.
With Ripple leadership directly involved in national policy discussions, exchange reserves declining, and technical indicators turning favorable, XRP appears well-positioned for a potential breakout.
While short-term corrections are always possible in volatile markets, the alignment of fundamental, on-chain, and macro-level catalysts paints an optimistic picture for XRP holders.
As the crypto landscape evolves and governments begin exploring digital asset reserves, assets like XRP—with established use cases in global payments—could emerge as key beneficiaries.
For traders and investors alike, staying informed and prepared for rapid developments—especially following high-impact events like the White House summit—is crucial.
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