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As market fears eased after U.S. President Donald Trump pledged insurance support for energy vessels passing through the Strait of Hormuz, XRP (Ripple) has surged to just below $1.50, staging a strong rebound.
According to investment media outlet FXEmpire on March 5 (local time), XRP rose more than 5.5% over the past 24 hours, supported by Bitcoin (BTC) reclaiming the $72,000 resistance level and boosting overall sentiment across the cryptocurrency market. The key driver behind the rally, which briefly pushed XRP close to $1.50, was the Trump administration’s bold decision to guarantee the safety of the Strait of Hormuz—responsible for roughly one-fifth of global oil flows—despite ongoing tensions with Iran.
As concerns over surging oil prices and inflation stemming from potential energy supply disruptions subsided, risk assets broadly began to recover. Adding fuel to XRP’s rise was news that Ripple’s payment infrastructure has surpassed $100 billion in cumulative transaction volume. Ripple highlighted stablecoins as a core settlement instrument for banks and fintech partners, strongly signaling that its network has moved beyond pilot phases into full-scale commercial deployment.
Steady institutional inflows and positive investor activity have also been observed. According to SoSoValue data, XRP spot exchange-traded funds (ETFs) recorded approximately $4.19 million in daily net inflows, bringing total net assets to $1.08 billion. While not an explosive surge, the consistent buying pressure is helping establish a price floor. Additionally, XRP outflows from centralized exchanges in February reached 7.03 billion tokens—the highest level since November 2025—indicating that investors are transferring tokens to private wallets and entering long-term holding mode.
Although fundamentals are strengthening, analysts caution that it is premature to declare a full-fledged bull market from a technical perspective. On the daily chart, XRP remains trapped within a bearish pennant pattern formed after February’s sharp sell-off and continues to face upper resistance below the 50-day exponential moving average (EMA) at $1.57 and the 200-day EMA at $2.03.
For XRP to firmly claim the $1.50 level and reverse the trend, it must break above the pennant’s upper boundary with strong trading volume. Should it fail to do so and instead experience a structural breakdown below the lower boundary, downside risks remain, with a potential drop toward the technical target of $0.86. Investors are therefore advised to exercise caution.
Disclaimer: This article is for investment reference only, and no responsibility is taken for any investment losses based on it. The content should be interpreted solely for informational purposes.