XRP surged 38% when Trump listed it in the U.S. Crypto Reserve, boosting its value and investor morale.
XRP registered a whopping 38% surge in price on Sunday to as much as $2.96 after U.S. President Donald Trump announced that the virtual currency will be included in the newly established Crypto Strategic Reserve. Some of the top cryptocurrencies included in the reserve are Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Cardano (ADA). This has significantly bolstered XRP’s market position and generated gargantuan bullish sentiment.
According to our statistics from CoinMarketCap, XRP’s price rose from $2.24 to $2.96 while the 24-hour trading volume surged over 300% to $13.67 billion. The currency currently trades at $2.86, XRP’s new addition to the strategic reserve is a milestone towards becoming a top crypto asset.
XRP’s solid stance has been reinforced through current events such as its victory over the SEC, issuance of the RLUSD stablecoin, and breakout above strong resistance. With all these, XRP will likely carry on with its positive trend, and it highly likely will experience more increases in the year ahead. Analysts forecast this inclusion into the Crypto Strategic Reserve to enhance its credibility, and yet more investor attention will follow.
Also Read: Trump Unveils U.S. Crypto Reserve, Leaves Out Bitcoin