5th March 2025 – (New York) On 4th March 2025, a notable market shift occurred following a tweet from the account @w_thejazz, linked to WallStreetBulls, which announced a ‘lock in’ for XRP. The message, accompanied by rocket emojis, triggered a rapid price increase of 5.2%, propelling XRP from $0.85 to $0.894 within just 15 minutes. Trading volumes on major exchanges, including Binance and Coinbase, surged by 300%, rising from an average of 100 million XRP to 400 million XRP during this period.
The tweet’s impact extended beyond XRP alone, with trading pairs such as XRP/BTC and XRP/ETH witnessing increases of 4.8% and 5.1%, respectively. On-chain metrics reflected heightened market activity, with active addresses rising by 25% to 125,000, indicating a surge in interest.
By 11am UTC, the XRP/USD pair reached a daily high of $0.92, marking an 8.2% increase from its pre-tweet level. The subsequent trading volume remained robust, averaging 350 million XRP per hour for the following three hours, suggesting sustained interest rather than a fleeting spike. The XRP/BTC and XRP/ETH pairs continued to climb, achieving increases of 6.5% and 7.2% by midday.
Technical indicators supported this bullish trend, with the Relative Strength Index (RSI) rising from 60 to 72 shortly after the tweet, signalling potential overbought conditions yet strong momentum. The Moving Average Convergence Divergence (MACD) also displayed a bullish crossover, indicating continued upward momentum. Volatility increased, with the Bollinger Bands widening and the upper band reaching $0.94.
While no direct AI news was linked to this event, AI-driven trading algorithms likely contributed to the rapid price fluctuations, as high-frequency trading systems reacted to the sentiment shift. AI-related tokens such as SingularityNET and Fetch.AI experienced minor gains, suggesting a mild positive correlation with the broader market.
However, the momentum was short-lived. Following an announcement from Donald Trump regarding new tariffs, XRP saw a significant decline, erasing nearly all its recent gains. The token had surged 40% over the weekend amid speculation about its inclusion in a U.S. strategic crypto reserve, but the subsequent sell-off raised doubts about the sustainability of this rally.
Industry figures like Tyler Winklevoss expressed scepticism about XRP’s suitability for a strategic reserve, further dampening sentiment. XRP is currently down 9.8% in the past 24 hours, with trading volumes decreasing by 41.8%. Other major cryptocurrencies, including Bitcoin, Ethereum, and Solana, also faced sharp declines.
As XRP retraces its steps, the $3 resistance level remains critical for a sustained uptrend. Current trends suggest potential for further downside, with strong support anticipated in the $1.80 to $2.00 range. If selling pressure continues, XRP could see a decline of approximately 24%.