Why Is XRP Price Going Up Today? Trump Influences Crypto Again, XRP Rises 8%

The
cryptocurrency market is buzzing once again, and XRP, the native token of the
XRP Ledger, is stealing the spotlight. As of today, March 12, 2025, XRP’s price
is climbing, leaving investors and traders asking: Why is XRP price going up
today?

Several key
developments from yesterday and today—both in the crypto space and broader
economic landscape—are fueling this surge. From regulatory shifts to
macroeconomic factors and legislative proposals, here’s a detailed, up-to-date
look at the most important reasons behind XRP’s upward momentum.

As of
today, Wednesday, March 12, 2025, XRP’s price is testing the $2.24 level,
rebounding sharply from the local support zone near the psychological level of
$2. This marks the continuation of an almost 8% bounce from Tuesday when, after
testing its lowest levels since February and dropping to $1.89, the
cryptocurrency staged a noticeable recovery.

The support
level that has been forming over the past three months has once again been
defended, along with the 200 EMA, which separates the long-term bull trend from
the bear trend. Over the last 24 hours, XRP has been one of the top gainers,
rising 2.6%, according to CoinMarketCap data. Alongside XRP, Bitcoin is up
1.6%, and BNB has gained 1.9%, while Ethereum
Ethereum

Ethereum is an open source, blockchain-based distributed computing platform and operating system featuring smart contract functionality. Created in 2014, Ethereum now stands as the second largest cryptocurrency by market cap at the time of writing.As a decentralized cryptocurrency network and software platform, Ethereum represents the most prominent altcoin. Ethereum also enables the creation Distributed Applications, or dapps. Understanding EthereumEthereum boasts its own programming language,

What is the XRP price today? Source: CoinMarketCap

Why is
XRP’s price rising? Let’s take a closer look!

Why Is XRP Rising? 5 Main
Reasons1. U.S.-Canada Trade War
Eases, Lifting Risk Assets

Macroeconomic
factors are playing a huge a role in XRP’s rise. Yesterday, March 11, 2025, the
U.S.-Canada trade war made headlines as President Donald Trump doubled metals
tariffs before abruptly backing off. Initially, the tariff hike raised fears of
a global trade conflict, dragging down risk assets like cryptocurrencies.
However, Trump’s decision to pause the tariffs—announced late on March 11—eased
tensions, boosting demand for riskier investments.

This shift
was a relief for crypto markets, which had seen a market-wide correction
earlier in the week due to tariff-related uncertainty. With Canada agreeing to
bolster border security and Mexico deploying troops to curb illegal activities,
the de-escalation has restored confidence. XRP, alongside Bitcoin (BTC) and
Ethereum (ETH), rebounded as investors returned to the market, contributing to
today’s price uptick.

President Trump launched an unprovoked trade and tariff war with America’s closest friend and ally. Until the threat of tariffs is gone for good, we won’t back down. pic.twitter.com/eH85Dv0iJO

— Doug Ford (@fordnation) March 11, 20252. Lummis’ Revamped
BITCOIN Act Sparks Crypto Reserve Speculation

Another
major catalyst emerged yesterday when Senator Cynthia Lummis reintroduced her
Boosting Innovation, Technology, and Competitiveness through Optimized
Investment Nationwide (BITCOIN) Act of 2025. The revamped legislation proposes
that the U.S. government acquire and hold over 1 million BTC—approximately 5%
of Bitcoin
Bitcoin

While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that
Read this Term’s total supply—through lawful means like forfeitures and gifts,
rather than direct purchases. While the bill focuses on Bitcoin, it has broader
implications for the crypto ecosystem, including XRP.

The BITCOIN
Act signals a pro-crypto stance from U.S. lawmakers, reigniting speculation
about a multi-currency strategic reserve. President Trump’s earlier
announcement on March 2, 2025, named XRP alongside BTC, ETH, Solana (SOL), and
Cardano (ADA) as potential reserve assets. Although his January executive order
prioritized Bitcoin, the possibility of XRP’s inclusion remains alive,
especially with Lummis’ influence.

NEW: 🇺🇲 Senator Lummis to reintroduce the BITCOIN Act!

Key provisions:
– 1M BTC purchased over 5 years
– 20 year HODL (minimum) pic.twitter.com/29oogAJWot

— Fiat Archive (@fiatarchive) March 11, 20253. Institutional Adoption
and ETF Hype Gain Traction

Institutional
interest in XRP is surging, adding further momentum to its price rise.
Yesterday, 500 banks now offer XRP custody services—a development that enhances
its integration into global financial systems. While this figure awaits
verification, it underscores XRP’s growing appeal for cross-border payments, a
use case Ripple has long championed.

Additionally,
the race for a spot XRP exchange-traded fund (ETF) is heating up. As of March
11, XRP ETF filings reportedly reached 11, with firms like Bitwise and
WisdomTree vying for SEC approval.

4. Regulatory Clarity
Boosts XRP Sentiment

One of the
most significant drivers of XRP’s price increase today is the growing optimism
surrounding regulatory clarity for Ripple, the company behind XRP. The launch
of the U.S. Securities and Exchange Commission’s (SEC) Crypto Task Force under
Acting Chair Mark Uyeda. This task force has already taken steps to ease
enforcement actions, dismissing cases against major players like Coinbase and
Kraken. For XRP, this could signal a turning point in its long-standing legal
battle with the SEC, which began in 2020 over the alleged unregistered sale of
securities.

5. Market Dynamics and
Technical Strength

Beyond
external factors, XRP’s price movement reflects strong market dynamics. After a
volatile start to March—triggered by tariff fears and a $300 billion crypto
market wipeout—XRP has shown resilience. Technical indicators suggest bullish
momentum, with the token reclaiming key support levels above $2.00.

XRP Technical Analysis:
Key Support Defended

Based on my
technical analysis, XRP has once again defended the psychological support at
$2, just as it did twice in March, once in February, and as many as three times
in December 2024.

The last
time XRP interacted with this level, a bullish pin bar formed on the chart
(which I discussed in this article), triggering a 50% upward move. Will history
repeat itself? It’s hard to say, but so far, every touch of the lower boundary
of the consolidation pattern that has been forming since December has led to a
more or less significant buying reaction.

XRP/USDT price technical analysis. Source: Tradingview.com

At this
point, I do not anticipate a drop below this level (though I identify
additional support zones at $1.78 and $1.27). Instead, I am looking upward at
three key resistance levels:

$2.29
– Local lows from February$2.84 – December highs, retested as
resistance in February$3.40 – 2025 highs, tested in early
January when Bitcoin reached its all-time highWhy Is XRP Going Up? A
Perfect Storm of Catalysts

So, why is
XRP rising? Today’s price increase is the result of a perfect storm: regulatory
optimism, a stabilizing macroeconomic backdrop, pro-crypto legislation, and
growing institutional adoption. The U.S.-Canada trade war scare subsiding,
Lummis’ BITCOIN Act proposal, and Ripple’s potential legal victory are
converging to create a bullish narrative for XRP.

Looking
ahead, XRP’s trajectory hinges on several variables. A favorable SEC outcome
could propel it past its all-time high of $3.55, while sustained trade tensions
or a hawkish Federal Reserve might cap gains. For now, though, XRP is riding a
wave of momentum, making it one of the standout performers in the crypto market
on March 12, 2025.

XRP News, FAQWhy Is the XRP Price
Increasing?

As of March
12, 2025, one big reason is the growing hope around regulatory clarity for
Ripple, the company tied to XRP. On top of that, macroeconomic shifts—like the
U.S.-Canada trade war cooling off after tariff threats—have lifted risk assets,
including XRP. Add in institutional interest, like banks offering XRP custody
and talks of XRP ETFs, and you’ve got a recipe for a price surge. Basically,
positive news and market excitement are pushing XRP higher.

What Is Happening to XRP
Today?

Yesterday’s
news about Senator Cynthia Lummis’ BITCOIN Act—which suggests the U.S. might
stockpile cryptocurrencies—has sparked chatter about XRP being part of a future
reserve, even if Bitcoin is the main focus. Meanwhile, the U.S.-Canada trade
tension eased after President Trump backed off doubling metals tariffs, giving
crypto markets a breather and a boost.

Can XRP Reach $100 in
2025?

No,
according to most analyses. While we cannot rule out such a price in the long
term, reaching it within the next few months seems impossible. XRP’s price
would need to increase by 4,200%, and its market capitalization would have to
exceed $5 trillion—double the current market capitalization of the entire
crypto market.