XRP Price Surges 35% on News of Crypto Strategic Reserve Including Ripple, $5 Target In Sight
XRP experienced massive rally, gaining 35% in just 24 hours after U.S. President Donald Trump announced a new strategic cryptocurrency reserve. Trump revealed that the reserve will include XRP, as well as other major cryptocurrencies such as BTC, ETH, SOL and ADA, as part of his vision to make the United States a global leader in the cryptocurrency industry.
The increase in XRP prices can be attributed to this unexpected catalyst. According to technical analysis, the price structure of XRP shows a bullish trend. After a brief callback, XRP appears to be preparing for a higher price, with key support levels ranging from $2.41 to $2.48.
If the price is above these levels, the next major resistance is $3. Breakthroughs above this level can be set Pushing to the $3.40 stage It may even be higher, and some analysts may reach the possibility of $5 to $6 in the long run.
What did Trump announce?
Trump’s social statement on truth: “After years of corruption attacks on the Biden administration, the U.S. crypto reserves will enhance this key industry, which is why my executive order on digital assets directs the Presidential Task Force industry to advance the Presidential Task Force and continues to advance the strategic reserves of crypto including XRP, SOL, SOL and ADA. I will make sure the United States is the crypto capital of the world. We wrote in Society of Truth.”
“And, obviously, BTC and ETH as other valuable cryptocurrencies will be at the heart of the reserve. I also like Bitcoin and Ethereum,” he added.
With bullish sentiment on the cryptocurrency market and excitement from Trump’s announcement, XRP may continue to rise as the market reacts to this significant development. Investors are now looking for the next breakthrough point as the cryptocurrency sector sees new optimism.
