XRP Jumps 16% In 7 Days: What Is Going On?

XRP XRP/USD continues its strong rally, driven by anticipation of the upcoming White House crypto summit and the confirmed attendance of Ripple CEO Brad Garlinghouse.

Cryptocurrency	Price	Market Cap	24-Hour Trend	7-Day Trend
XRP XRP/USD	$2.59	$150.4 billion	+5.2%	+17.8%
Bitcoin BTC/USD	$89,758.18	$1.77 trillion	+0.4%	+4.7%
Ethereum ETH/USD	$2,251.41	$271.6 billion	+2.7%	-3.3%

Trader Notes: Trader CrediBULL Crypto is watching whether XRP drops below $2 for a potential re-entry.

He pointed out key market signals of a strong market structure – open interest has fully reset, spot premium is rising, and funding is turning negative. According to the trader, any dips being buying opportunities.

$XRP still down about 15% from where I took profit on perp longs but starting to doubt that I may get another chance to re-load below $2.

OI has completely reset back to levels it was at before our 5x impulse off the lows, spot premium is steadily increasing here at the highs,… https://t.co/Pa2pKSbYHq pic.twitter.com/t8qCCRPaoy
— CrediBULL Crypto (@CredibleCrypto) March 6, 2025

Trader cryptoinsightuk highlighted an interesting divergence: XRP's funding remains negative despite price rising, meaning many traders are still shorting while Bitcoin's funding is positive, showing more long positions.

This suggests XRP's rally is more organically driven than Bitcoin's and a short squeeze could be coming.

Javon Marks compared XRP's November 2024 breakout to its 2017 rally, noting the current setup is twice as large. He says "This run can be far from complete" and prices are in the middle of a climb not imagined.

Statistics: Crypto chart analyst Ai Martinez noted that whales purchased more than 90 million XRP over the past 72 hours.

Crypto Rover noted that a whale purchased $77.5 million worth of XRP just one day before the White House summit—raising speculation about insider knowledge.

Community News: Ripple announced that it is rapidly increasing crypto adoption in Europe with the launch of Ripple Payments in Portugal with Unicâmbio. This will modernize cross-border payments, offering secure, transparent and real-time transactions.

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