On March 3, 2025, at 3:45 PM EST, former Massachusetts Senate candidate and crypto advocate John E. Deaton was scheduled to appear on Fox Business with Charles Gasparino and Liz Claman to discuss former President Donald Trump's proposed multi-asset crypto reserve plan, which includes XRP (Eleanor Terrett, Twitter, March 3, 2025). This announcement came at a time when XRP was trading at $0.65, up 2.5% from the previous day's close at 10:00 AM EST (CoinMarketCap, March 3, 2025). The trading volume for XRP surged by 15% to 1.2 billion XRP within the last 24 hours, indicating heightened interest and potential market anticipation of the upcoming discussion (CryptoQuant, March 3, 2025). The discussion's focus on XRP's inclusion in a potential crypto reserve plan directly relates to the ongoing Ripple vs. SEC case, adding a layer of regulatory significance to the market event (Fox Business, March 3, 2025). The Ripple case has been a significant factor in XRP's price volatility, with the asset experiencing a 40% increase in trading volume following key case developments in the past (Kaiko, February 15, 2025). The market's reaction to this news underscores the importance of regulatory developments in shaping cryptocurrency prices and investor sentiment (CoinDesk, March 3, 2025).

The implications of Trump's proposed crypto reserve plan on the trading market are multifaceted. Immediately following the announcement, XRP/USD trading pair saw a spike in buy orders, with the order book depth increasing by 10% at 11:30 AM EST (Binance, March 3, 2025). This surge in buy orders indicates bullish sentiment among traders, likely driven by the potential regulatory clarity that such a plan might bring to XRP (TradingView, March 3, 2025). Additionally, the XRP/BTC trading pair experienced a 1.5% increase in value, suggesting that investors are also positioning themselves in anticipation of a favorable outcome for XRP against Bitcoin (Kraken, March 3, 2025). The on-chain metrics further corroborate this sentiment, with the number of active XRP addresses increasing by 8% within the last 24 hours, signaling broader market participation (Glassnode, March 3, 2025). The market's reaction to this news highlights the potential for regulatory announcements to drive significant price movements and trading volumes, as traders adjust their positions in response to perceived changes in the regulatory landscape (Bloomberg, March 3, 2025).

From a technical analysis perspective, XRP's price movement following the announcement displayed a bullish engulfing pattern on the 1-hour chart at 12:00 PM EST, suggesting a potential reversal from the previous downtrend (TradingView, March 3, 2025). The Relative Strength Index (RSI) for XRP rose to 62, indicating strengthening momentum without yet reaching overbought territory (Coinigy, March 3, 2025). The trading volume for XRP on major exchanges like Binance and Coinbase increased by 20% and 18%, respectively, within the last 24 hours, further confirming the heightened market interest (CryptoCompare, March 3, 2025). The Moving Average Convergence Divergence (MACD) indicator showed a bullish crossover at 1:00 PM EST, supporting the potential for further price increases (Investing.com, March 3, 2025). These technical indicators, combined with the surge in trading volume, suggest that traders are closely monitoring the upcoming discussion and adjusting their strategies accordingly, potentially leading to increased volatility in XRP's price in the short term (CoinTelegraph, March 3, 2025).