Story Highlights
- Trump announces U.S. crypto reserve featuring XRP, SOL, and ADA.
- XRP surges 32% after Trump’s crypto reserve announcement.
- Legal expert suggests Ripple-SEC settlement talks are ongoing.
President Donald Trump has announced a U.S. Crypto Strategic Reserve, which includes XRP, Solana (SOL), and Cardano (ADA). The crypto market experienced a major impact when this announcement was released. XRP experienced a tremendous 32% price increase that carried it to $2.999 before it stabilized at $2.70. Can XRP reach the $100 price level in the near future?
Trump Picks XRP, SOL, and ADA for U.S. Crypto Reserve
Trump expressed his intention to advance the position of the crypto industry during his recent statement. The president indicated that establishing the U.S. Crypto Reserve will boost the essential industry that has experienced many fraudulent assaults.
In his announcement, Trump declared his intention to establish America as the global leader of cryptocurrency. The XRP token stands to reach $100, according to supporters who believe President Trump will validate their prediction. The price rise after this announcement led many speculators to form predictions. The ability of XRP to maintain its rising value remains uncertain to certain market observers.
Not everyone is convinced. The cryptocurrency community wonders about the basis for selecting XRP, SOL, and ADA for the Crypto Capital of the World program. User speculation arose about potential insider trading affecting the situation. Several individuals believe specific people obtained advanced knowledge ahead of time, enabling themselves to make money while ordinary citizens were unaware.
Founder Charles Hoskinson of Cardano accepted the decision with support. The XRP network operates as a worldwide standard that has maintained its operation for ten years, according to the statement provided by him. In his decision, the president demonstrated proper judgment.
Legal Expert Hints at Ripple-SEC Settlement Talks
Crypto legal expert James Murphy (MetaLawMan) asserts that undisclosed factors play pivotal roles in the current situation. Ripple and the SEC are actively negotiating because instead of waiting for a ruling, the company may have settled. The situation indicates that substantial negotiations between parties are progressing towards either settlement or agreement format.
The attention focus remains exclusively on XRP. The assumption remains that presidential support along with regulatory guidelines will lead to a $100 price point. The legal aspects together with market conditions will exert significant influence on the possible upper limit of XRP’s price. The markets remain focused on XRP price because investors believe Presidential support from Trump will push the cryptocurrency near $100.
