Trump's Crypto Bet: XRP Surges 32% as U.S. Reserve Announced

President Donald Trump has recently announced the establishment of a U.S. Crypto Strategic Reserve, which includes XRP, Solana (SOL), and Cardano (ADA). This announcement has had a significant impact on the crypto market, with XRP experiencing a remarkable 32% price increase, reaching $2.999 before stabilizing at $2.70. The question on everyone's mind is whether XRP can reach the $100 price level in the near future.

In his statement, Trump expressed his intention to advance the position of the crypto industry and establish America as the global leader of cryptocurrency. The XRP token stands to benefit from this announcement, with supporters believing that President Trump's validation will push its price towards $100. However, the ability of XRP to maintain its rising value remains uncertain, as some market observers are skeptical about its potential.

The cryptocurrency community has been discussing the basis for selecting XRP, SOL, and ADA for the Crypto Capital of the World program. Some users have speculated about potential insider trading, with certain individuals obtaining advanced knowledge and making money while ordinary citizens were unaware. However, the founder of Cardano, Charles Hoskinson, has accepted the decision with support, stating that the XRP network operates as a worldwide standard that has maintained its operation for ten years.

Crypto legal expert James Murphy (MetaLawMan) has hinted at ongoing settlement talks between Ripple and the SEC. He believes that undisclosed factors play pivotal roles in the current situation, and the company may have settled instead of waiting for a ruling. The markets remain focused on XRP's price, with investors believing that Presidential support from Trump will push the cryptocurrency near $100. The legal aspects and market conditions will exert significant influence on the possible upper limit of XRP's price.