Cryptocurrency markets reacted sharply after former President Donald Trump announced his administration’s plan to include XRP, Solana, and Cardano in the proposed US strategic reserve for digital assets.
The revelation, posted on Trump’s Truth Social account, sent XRP soaring by 31%, reaching a new high of $2.83.
Trump’s statement, which included the promise to make the US the “Crypto Capital of the World,” injected fresh momentum into a struggling market that had seen significant selling pressure in recent weeks.
What This Means for XRP and the Crypto Market
Trump’s pro-crypto stance has been a stark contrast to regulatory crackdowns under previous administrations. The proposal to create a national stockpile of digital assets, including XRP, signals potential mainstream adoption and government backing.
Here’s how the market reacted:
- XRP: Up 31% to $2.83
- Solana (SOL): Surged 19% to $169.71
- Cardano (ADA): Soared 50% to just over $1 per token
- Bitcoin (BTC): Rose 5.5% to more than $88,900
The announcement also brought renewed attention to Ripple, the payments technology company behind XRP, as investors speculated on regulatory clarity and potential institutional adoption.
Regulatory Shift: End of the “Crypto Wild West”?
One of the most significant aspects of Trump’s crypto policy is his administration’s decision to halt aggressive enforcement actions against digital asset firms. This marks a departure from the previous SEC-led regulatory battles that had targeted major players like Coinbase and Binance.
Key developments include:
- The SEC dropping its lawsuit against Coinbase
- Crypto exchanges like Gemini and OpenSea seeing investigations dismissed
- A renewed focus on fostering blockchain innovation in the US
Investor Sentiment: Bullish or Cautious?
While many in the crypto space are celebrating Trump’s endorsement, some analysts remain cautious. Questions remain about how a US digital reserve would function, how XRP’s inclusion could impact Ripple’s ongoing legal battles, and whether bipartisan support for crypto regulation will materialize.
Still, for XRP holders, the news has provided a strong bullish signal. If Trump’s administration follows through on its digital asset strategy, XRP and other listed tokens could see further institutional interest and price appreciation.
Trump’s announcement has injected fresh energy into the crypto market, with XRP emerging as one of the biggest winners. As regulatory landscapes shift and political influences shape digital asset policies, all eyes will be on how these plans unfold in the coming months.
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