March 3 News: Ripple (XRP) experienced a decline in trading today, with the price dropping approximately 2.4% to around $1.36, and a market capitalization close to $83 billion. In the past 24 hours, XRP traded between $1.34 and $1.40, with a trading volume of about $3 billion. This decline is related to the global risk asset correction and influenced by the escalation of military actions by the U.S. and Israel against Iran, leading investors to remain cautious about geopolitical tensions.
Ripple announced today that it will expand its Ripple Payments platform to support not only XRP but also the USD-pegged stablecoin RLUSD. This move marks a further strategic push by Ripple into stablecoin infrastructure. President Monica Long stated that success depends on enterprise-grade infrastructure, sufficient liquidity, and broad licensing. Over the past year, Ripple has actively expanded its stablecoin payment ecosystem by acquiring stablecoin payment company Rail and launching RLUSD.
For a long time, XRP has served as a bridge asset within Ripple’s cross-border payment system, and the addition of RLUSD provides a stable and regulated payment option for the platform. Some analysts suggest this could put pressure on XRP demand, especially as institutional users can now directly choose to trade RLUSD. From a technical perspective, XRP’s current price is below the 100-hour simple moving average and has formed a short-term bearish trendline, with resistance around $1.3880. If broken, short-term targets could be $1.40 and $1.4320; support levels are at $1.3320 and $1.3085.
Since reaching nearly $3.50 in late 2025, XRP’s price has steadily declined below $1.50. Ripple’s expansion of its payment platform and stablecoin ecosystem will influence XRP’s short-term trading sentiment, but in the long term, platform upgrades and regulatory clarity could bring more structural changes to the digital asset ecosystem.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Cardano Price Prediction: DeepSnitch AI’s March 31 Launch Sparks Bullish Sentiment Amid the Muted Market, ADA and XRP Remain Stuck
The SEC and CFTC ended their jurisdictional fighting and signed a memorandum of understanding that commits both agencies to coordinated crypto oversight.
The broader regulatory clarity arriving from both sides could lead to a steady structural shift. Yet, no matter how bullish, it will take t
CaptainAltcoin1h ago
XRP Surges Toward $1.43 After Rebounding From $1.33 Demand Zone — Is $1.50 the Next Test?
XRP recovered out of the $1.33 Fibonacci demand pocket, with price supported at the $0.618 level at $1.3329.
The chart shows that, above the price of $1.34, there are several higher lows structures, representing a sustained recovery following the earlier fall just around the price of $1.26.
CryptoNewsLand2h ago
XRP Holds $1.34 Support While Leverage Heatmap Highlights $1.30 Risk Zone
XRP is trading at $1.36 in a tight range of support at $1.34 and resistance at $1.37.
The heatmap data indicates that there is a huge amount of long positions in the range of $1.30.
Should prices fall to around $1.30, long positions with high leverage in this region might
CryptoNewsLand3h ago
