Trump's Crypto Reserve Boosts ADA, XRP; DTX Surges to $15.5M
1min read XRP and ADA prices rebounded significantly following Donald Trump's announcement of a new US crypto strategic reserve, which included Cardano (ADA), Ripple (XRP), and Solana (SOL). Investors rushed to buy these cryptocurrencies, pushing ADA and XRP prices higher.
Meanwhile, the hybrid token DTX Exchange has been making headlines with its presale reaching $15.50 million. The recent upgrade of DTX's listing price to $0.36 has increased demand, with some experts predicting a 100x surge that could challenge giants like Cardano and Ripple.
Ripple (XRP) investors experienced a 450% rally in November, but the price pulled back from $2.9 to $2 before resuming the uptrend. However, bears gained control, and XRP entered a downtrend. Last Friday, the XRP price dropped to the $2 support, where a hammer candlestick indicated increased bullish sentiment. Trump's revelation of XRP's inclusion in the crypto reserve sparked a massive buying frenzy, taking the XRP price through a resistance trendline and gaining 34% in a single day.
Today, the XRP price has retraced to the trendline and currently trades at $2.65. In the last 24 hours, trading volume has increased by 570%, showing the intensity of this bullish move. If this bullish sentiment persists, Ripple's XRP price may break out from the immediate resistance at $3 and the next one at $3.4 to reach a new all-time high.
Cardano (ADA) has been the biggest mover since the Trump announcement, with its price rising from $0.64 to a high of $1.19, a surge of over 70%. ADA has broken out from an 88-day-long channel pattern and resembles a bull and flag formation in the weekly timeframe. If Cardano closes a weekly candle above the $1.20 resistance level with strong buyer volume, it is likely to surge above the multi-year resistance of $1.50 by the end of March.
DTX Exchange (DTX) has captured the attention of over 780,500 community members and has amassed $15.50 million 