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COINTURK NEWS > Ripple (XRP) > Trump’s Strategic Crypto Reserve Sparks XRP Surge
Ripple (XRP)

Trump’s Strategic Crypto Reserve Sparks XRP Surge

In Brief

  • XRP surged 35% after Trump's Strategic Crypto Reserve announcement.

  • Trump's reserve will include major cryptocurrencies like Bitcoin and Ethereum.

  • Analysts predict XRP could reach between $5 to $6 in the coming months.

İlayda Peker
İlayda Peker 1 year ago
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Ripple $1‘s XRP has surged by 35% in the past 24 hours, creating significant activity among traders. This price increase is directly linked to U.S. President Donald Trump’s announcement of a Strategic Crypto Reserve. Trump declared that the reserve will include major cryptocurrencies like Bitcoin (BTC) $77,560, Ethereum (ETH) $2,318, Solana $86 (SOL), Cardano $0.249913 (ADA), and XRP, generating considerable excitement among XRP stakeholders. Analysts predict that XRP could reach the $5 mark in the short term.

Contents
Trump’s New Strategic Crypto Reserve AnnouncementPrice Targets for XRP According to Analysts

Trump’s New Strategic Crypto Reserve Announcement

On Sunday, Trump stated on the Truth Social platform that the U.S. must lead in the cryptocurrency sector. He announced the creation of a Strategic Crypto Reserve, including XRP, SOL, and ADA among its assets. Trump emphasized the need to end the corrupt attacks on the crypto market by the Biden administration, indicating that necessary steps would be taken to establish the Strategic Crypto Reserve.

He also highlighted Bitcoin and Ethereum, saying, “BTC and ETH will be at the core of the reserve. I love Bitcoin and Ethereum.” Trump’s statements have triggered enthusiasm among crypto investors and created a positive atmosphere in the market.

Price Targets for XRP According to Analysts

Following Trump’s announcement, XRP experienced a significant breakout. Technical analysis suggests that XRP’s price currently has a critical support level between $2.41 and $2.48. As long as the price remains above these levels, it is expected to move towards new upward targets.

XRP Price Analysis, Commentary

According to analysts, the nearest resistance point is at the $3 level. If XRP surpasses this threshold, it could reach $3.40 in the short term. In the medium to long term, some experts believe the price could climb as high as $5 to $6.

As optimism from Trump’s comments continues to permeate the cryptocurrency market, investors are closely monitoring for new signs of XRP’s upward trajectory. There is an expectation that the market’s activity will persist, with XRP testing various significant levels.

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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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İlayda Peker 3 March, 2025 - 11:35 am 3 March, 2025 - 11:35 am
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