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.
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