XRP News Today: XRP Rallies 24.88% After Trump's Crypto Reserve Announcement

XRP has shown resilience, maintaining its strength following a tumultuous week. This upturn comes after a significant rally last month, which was triggered by Donald Trump’s announcement of a U.S. strategic crypto reserve that included XRP, Solana, and Cardano. However, as clarifications emerged that the government would not actively acquire additional assets, the market experienced a retreat, pushing XRP down over 24.88%.

Despite this pullback, analysts remain optimistic about XRP’s long-term prospects. On Saturday, a popular crypto analyst, Dark Defender, identified a “Coffee Cup” pattern forming on XRP’s monthly price chart, describing it as a significant bullish signal. This pattern, combined with Elliott Wave analysis, suggests a potential dramatic price rally. The coffee cup pattern in markets is a U-shaped formation on a price chart. It indicates a potential bullish trend reversal after a downtrend, typically taking weeks to months to develop fully. Dark Defender noted that the cup’s surface tease and depth weren’t screaming yet, but they are now.

Dark Defender outlined three key price targets based on this setup: a surge to $5.85–$18.22 in Wave 3, a climb to $36 in Wave 5, and a long-term projection of $44.22 (a 1,965% surge) based on the cup’s depth. Adding to the bullish outlook, analyst Ali Martinez emphasized XRP’s critical technical positioning. He pointed out that if XRP avoids closing below the head-and-shoulders neckline and instead breaks above the right shoulder, it could invalidate the bearish setup, potentially triggering a breakout toward $5.

Beyond technical analysis, experts anticipate trillions of dollars could flow into XRP, driven by evolving market dynamics and political shifts. Fintech and Web3 expert Jake Claver highlighted the significance of XRP holdings, noting that owning 10,000 XRP places an investor in the top 10% globally. He suggested institutional interest in XRP is growing behind the scenes. “The big banks aren’t telling you this because they’re loading up their own bags,” Claver stated. “When XRP becomes the backbone of global finance, you’ll wish you listened.”

Trump’s recent announcement of the U.S. ‘Crypto Strategic Reserve’ has further elevated XRP’s profile. A popular XRP community member, Yassin Mobarak, even speculated on the possibility of the U.S. accepting XRP for the $125 million fee judgment in Ripple’s securities lawsuit with the SEC, which could lead to unprecedented governmental alignment with XRP holders. “That means for the first time in history, the U.S. government will own XRP and therefore will be incentivized to let its value grow over-time. That will mean the shackles that prevented XRP from being used in the U.S. will finally be removed and XRP will finally be allowed to assume the utility it was created for. That in turn will mean positive price movements for $XRP,” Mobarak wrote.