{"id":380074,"date":"2025-03-08T07:06:07","date_gmt":"2025-03-08T01:36:07","guid":{"rendered":"https:\/\/dripp.zone\/news\/jp-morgan-director-faults-ripples-200b-valuation-target-crypto-news\/"},"modified":"2025-03-08T07:10:28","modified_gmt":"2025-03-08T01:40:28","slug":"jp-morgan-director-faults-ripples-200b-valuation-target-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/jp-morgan-director-faults-ripples-200b-valuation-target-crypto-news\/","title":{"rendered":"JP Morgan Director Faults Ripple&#8217;s $200B Valuation Target &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p>Ripple (XRP) price momentum has stalled below the $3 threshold after a volatile trading this week driven by conflicting market catalysts. While Trump\u2019s proposal to include XRP in a U.S. strategic crypto reserve initially ignited a price rally, macroeconomic headwinds and skepticism from key financial institutions have cut gains in half<\/p>\n<h2>XRP Bulls Struggle to Hold Gains Amid Conflicting Catalysts<\/h2>\n<p>XRP price grazed the $3 mark on Monday as rallying 40% after Trump included XRP in the Crypto strategic reserver assets last weekend. However, traders digested multiple market-moving developments this week, those gains have been halved.<\/p>\n<p>Trump\u2019s push to establish a cryptocurrency strategic reserve, with XRP included alongside Bitcoin and Ethereum, Solana, and Cardano generated strong initial momentum at the start of the week. Further optimism came from the easing of tariffs imposed on Mexico and Canada, boosting broader market sentiment.<\/p>\n<figure id=\"attachment_242933\" aria-describedby=\"caption-attachment-242933\" style=\"width: 2786px\" class=\"wp-caption aligncenter\"><noscript><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-242933\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screen-Shot-2025-03-08-at-2.11.58-AM.png\" alt=\"XRP Price Action\" width=\"2786\" height=\"1502\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screen-Shot-2025-03-08-at-2.11.58-AM.png 2786w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screen-Shot-2025-03-08-at-2.11.58-AM-300x162.png 300w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screen-Shot-2025-03-08-at-2.11.58-AM-1224x660.png 1224w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screen-Shot-2025-03-08-at-2.11.58-AM-768x414.png 768w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screen-Shot-2025-03-08-at-2.11.58-AM-1536x828.png 1536w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screen-Shot-2025-03-08-at-2.11.58-AM-2048x1104.png 2048w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screen-Shot-2025-03-08-at-2.11.58-AM-150x81.png 150w\" sizes=\"auto, (max-width: 2786px) 100vw, 2786px\"\/><\/noscript><figcaption id=\"caption-attachment-242933\" class=\"wp-caption-text\">XRP Price Action<\/figcaption><\/figure>\n<p>However, XRP bulls faced resistance as macroeconomic uncertainties dampened risk appetite. The latest U.S. Non-Farm Payroll (<a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/coingape.com\/markets\/ethereum-price-forecast-bulls-traders-cluster-at-2100-as-us-nfp-data-introduces-fresh-risks\/\" target=\"_blank\" rel=\"noopener\">NFP<\/a>) report revealed rising unemployment, fueling concerns about persistent inflation and a potentially more hawkish Federal Reserve. As a result, profit-taking emerged near the $3 mark, halting the upside breakout and forcing consolidation around $2.40.<\/p>\n<p>The rejection at $3 suggests traders remain wary of overextending bullish positions amid policy uncertainty. Liquidity remains a key factor, with leveraged long positions likely facing liquidations if XRP fails to hold critical support levels.<\/p>\n<h2>JPMorgan Director Casts Doubt on Strategic Crypto Reserve Approval for Ripple<\/h2>\n<p>At press time on March 8, <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/coingape.com\/price\/xrp\/\" target=\"_blank\" rel=\"noopener\">Ripple price<\/a> was trading at $2.40, with a market capitalization of approximately $140 billion. Bull traders anticipate that a break above $3 could push XRP\u2019s market cap toward $200 billion, especially if U.S. Treasury actions align with Trump\u2019s strategic reserve proposal.<\/p>\n<figure id=\"attachment_242932\" aria-describedby=\"caption-attachment-242932\" style=\"width: 828px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-242932\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"Ripple (XRP) Market Data, | Source: Coingecko\" width=\"828\" height=\"1026\" data-lazy-srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screen-Shot-2025-03-08-at-2.12.16-AM.png 828w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screen-Shot-2025-03-08-at-2.12.16-AM-242x300.png 242w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screen-Shot-2025-03-08-at-2.12.16-AM-768x952.png 768w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screen-Shot-2025-03-08-at-2.12.16-AM-150x186.png 150w\" data-lazy-sizes=\"(max-width: 828px) 100vw, 828px\" data-lazy-src=\"https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screen-Shot-2025-03-08-at-2.12.16-AM.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-242932\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screen-Shot-2025-03-08-at-2.12.16-AM.png\" alt=\"Ripple (XRP) Market Data, | Source: Coingecko\" width=\"828\" height=\"1026\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screen-Shot-2025-03-08-at-2.12.16-AM.png 828w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screen-Shot-2025-03-08-at-2.12.16-AM-242x300.png 242w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screen-Shot-2025-03-08-at-2.12.16-AM-768x952.png 768w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screen-Shot-2025-03-08-at-2.12.16-AM-150x186.png 150w\" sizes=\"auto, (max-width: 828px) 100vw, 828px\"\/><\/noscript><figcaption id=\"caption-attachment-242932\" class=\"wp-caption-text\">Ripple (XRP) Market Data, | Source: CoingeckoRipple (XRP) Market Data, | Source: Coingecko<\/figcaption><\/figure>\n<p>However, JPMorgan\u2019s latest report has thrown cold water on Ripple\u2019s ambitious valuation target, highlighting significant hurdles in gaining congressional approval for a U.S. strategic crypto reserve. According to Nikolaos Panigirtzoglou, managing director of global market strategy at JPMorgan, the probability of such a reserve materializing remains below 50%.<\/p>\n<blockquote>\n<p>\u201cWe don\u2019t believe an approval of a U.S. strategic crypto reserve is the most likely scenario (assuming congressional approval would be needed). So the chance is less than 50% in our mind. And if a U.S. strategic crypto reserve is eventually approved, it would be difficult to include smaller tokens outside Bitcoin and Ethereum, as the inclusion of such tokens would raise more concerns about risk and volatility\u201d<\/p>\n<p>\u2013 Nikolaos Panigirtzoglou, Maanaging director of global market strategy at <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/coingape.com\/jpmorgan-breaks-silence-on-solana-and-xrp-etf-possibilities\/\" target=\"_blank\" rel=\"noopener\">JPMorgan<\/a><\/p>\n<\/blockquote>\n<p>The report further noted that similar state-level Bitcoin reserve proposals have recently failed in Montana, North Dakota, South Dakota, and Wyoming due to concerns over volatility and regulatory hurdles.<\/p>\n<p>Skepticsm around approval of Trump\u2019s crypto strategic reserve plan added to the bearish sentiment keeping XRP price below the $2.50 mark on the daily candle. As traders await further clarity, XRP\u2019s technical structure suggests a pivotal battle ahead.<\/p>\n<h2>XRP Price Forecast: Bulls Eye $3, But Rejection Looms Amid Profit-Taking<\/h2>\n<p>XRP price is showing early signs of bullish exhaustion after failing to hold above $2.60, suggesting a potential retest of lower support levels. The 12-hour chart highlights a clear rejection near $2.99, coinciding with the upper Donchian Channel boundary, signaling strong resistance. Despite the recent breakout, the inability to sustain momentum above this zone raises the likelihood of profit-taking, particularly with the latest 5.84% decline.<\/p>\n<figure id=\"attachment_242934\" aria-describedby=\"caption-attachment-242934\" style=\"width: 2782px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-242934\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"XRP Price Forecast\" width=\"2782\" height=\"1508\" data-lazy-srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screen-Shot-2025-03-08-at-2.11.30-AM.png 2782w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screen-Shot-2025-03-08-at-2.11.30-AM-300x163.png 300w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screen-Shot-2025-03-08-at-2.11.30-AM-1224x663.png 1224w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screen-Shot-2025-03-08-at-2.11.30-AM-768x416.png 768w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screen-Shot-2025-03-08-at-2.11.30-AM-1536x833.png 1536w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screen-Shot-2025-03-08-at-2.11.30-AM-2048x1110.png 2048w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screen-Shot-2025-03-08-at-2.11.30-AM-150x81.png 150w\" data-lazy-sizes=\"(max-width: 2782px) 100vw, 2782px\" data-lazy-src=\"https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screen-Shot-2025-03-08-at-2.11.30-AM.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-242934\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screen-Shot-2025-03-08-at-2.11.30-AM.png\" alt=\"XRP Price Forecast\" width=\"2782\" height=\"1508\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screen-Shot-2025-03-08-at-2.11.30-AM.png 2782w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screen-Shot-2025-03-08-at-2.11.30-AM-300x163.png 300w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screen-Shot-2025-03-08-at-2.11.30-AM-1224x663.png 1224w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screen-Shot-2025-03-08-at-2.11.30-AM-768x416.png 768w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screen-Shot-2025-03-08-at-2.11.30-AM-1536x833.png 1536w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screen-Shot-2025-03-08-at-2.11.30-AM-2048x1110.png 2048w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screen-Shot-2025-03-08-at-2.11.30-AM-150x81.png 150w\" sizes=\"auto, (max-width: 2782px) 100vw, 2782px\"\/><\/noscript><figcaption id=\"caption-attachment-242934\" class=\"wp-caption-text\">XRP Price Forecast<\/figcaption><\/figure>\n<p>The MACD histogram, while still in positive territory, has begun fading, hinting at waning bullish momentum. The MACD line remains above the signal line, supporting a bullish case, but the narrowing gap suggests that if selling pressure persists, bears could regain control. Key support is forming near $2.47, aligned with the midline of the Donchian Channel. A decisive break below this level would expose $2.39, a critical pivot where bulls must step in to prevent a slide toward $1.95.<\/p>\n<p>Conversely, if XRP price holds above $2.47 and volume picks up, a renewed push toward $2.99 is likely, with $3.20 as the next bullish target. Leverage traders appear active, making sharp wicks and liquidity hunts a key risk in both directions.<\/p>\n<section class=\"accordion-content mt-4\" id=\"faq\">\n<h2 class=\"mb-4 h3 fw7\">Frequently Asked Questions (FAQs)<\/h2>\n<div class=\"accordion-item\">\n<div class=\"faq-item-content\" style=\"\">\n<p>\n                            \tXRP must reclaim $2.99 with strong volume to sustain a breakout. Failure to hold support at $2.47 could lead to a deeper pullback.  <\/p>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"accordion-item\">\n<div class=\"faq-item-content\" style=\"\">\n<p>\n                            \t of XRP in the proposed strategic crypto reserve initially fueled a rally, but skepticism from institutions has tempered gains.  <\/p>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"accordion-item\">\n<div class=\"faq-item-content\" style=\"\">\n<p>\n                            \tResistance stands at $2.99 and $3.20, while support is at $2.47 and $2.39. A drop below could expose $1.95.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/section>\n<p>                                <!-- \n\n<div class=\"desktopPostEnd d-on\"><\/div>\n\n --><\/p>\n<div class=\"m-on mobiless\">\n<div id=\"social-section-new\">\n<p>\u2713 Share:<\/p>\n<p>                                  <a rel=\"nofollow\" target=\"_blank\" class=\"social-text_new wp_new\" href=\"https:\/\/api.whatsapp.com\/send?text=https:\/\/coingape.com\/markets\/xrp-price-forecast-jp-morgan-director-faults-ripples-200b-valuation-target\/\" target=\"_blank\" style=\"display: block\">  <i class=\"fa fa-whatsapp\"\/><\/a><\/p>\n<div>\n                                <a rel=\"nofollow\" target=\"_blank\" class=\"social-text_new tw_new_logo\" href=\"https:\/\/twitter.com\/intent\/tweet?text=https:\/\/coingape.com\/markets\/xrp-price-forecast-jp-morgan-director-faults-ripples-200b-valuation-target\/\" target=\"_blank\"><br \/>\n  <img loading=\"lazy\" decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" class=\"mb-1\" alt=\"coingape\" width=\"30\" height=\"30\" data-lazy-src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\" class=\"mb-1\" alt=\"coingape\" width=\"30\" height=\"30\"\/><\/noscript><br \/>\n<\/a>\n                                <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"authorBoxnew newauthordesign\">\n<div class=\"author_Ndata d-flex align-items-center mb-2\">\n<div class=\"author_Image\">\n                                           <img loading=\"lazy\" alt=\"\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" data-lazy-srcset=\"https:\/\/secure.gravatar.com\/avatar\/ec36c745ac13558e2dd911177d9a7d40?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\" data-lazy-src=\"https:\/\/secure.gravatar.com\/avatar\/ec36c745ac13558e2dd911177d9a7d40?s=200&#038;d=mm&#038;r=g\"\/><noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/ec36c745ac13558e2dd911177d9a7d40?s=200&#038;d=mm&#038;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/ec36c745ac13558e2dd911177d9a7d40?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\"\/><\/noscript>                                  <\/div>\n<p>ibrahim  <\/p>\n<\/p><\/div>\n<p>Crypto analyst covering derivatives markets, macro trends, technical analysis, and DeFi. His works feature in-depth market insights, price forecasts, and institutional-grade research on digital assets.                     <\/p>\n<\/p><\/div>\n<p>Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ripple (XRP) price momentum has stalled below the $3 threshold after a volatile trading this week driven by conflicting market catalysts. While Trump\u2019s proposal to include XRP in a U.S. strategic crypto reserve initially ignited a price rally, macroeconomic headwinds and skepticism from key financial institutions have cut gains in half XRP Bulls Struggle to [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":380077,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[188,183,185,186,187,184,189,150,182,190],"class_list":["post-380074","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-blockchain-tech","tag-blockchain-technology","tag-crypto-technology","tag-cryptocurrency-technology","tag-metaverse-technology","tag-nft-technology","tag-soul-bound-token","tag-tech","tag-technology","tag-token-technology"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/380074","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=380074"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/380074\/revisions"}],"predecessor-version":[{"id":380079,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/380074\/revisions\/380079"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/380077"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=380074"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=380074"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=380074"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}