Trump's Crypto Reserve: XRP, ADA, SOL Surge
1min read In a significant development, U.S. President Donald Trump has reportedly directed the Presidential Working Group to advance plans for a Crypto Strategic Reserve. This initiative, which aligns with the administration's broader strategy to position the U.S. at the forefront of digital asset innovation, includes U.S.-based cryptocurrencies such as XRP, Solana (SOL), and Cardano (ADA).
The concept of a national cryptocurrency reserve has gained traction in recent months, particularly following President Trump's re-election. The proposed reserve aims to bolster the nation's financial infrastructure by integrating select digital assets. Notably, the administration has shown interest in U.S.-founded cryptocurrencies, including XRP, sol, and others, underscoring a commitment to supporting domestic blockchain innovations.
Market reactions have been notable following reports of the administration's interest. XRP's price experienced a significant uptick, trading at $2.64 after a 23.28% jump in just a few minutes. ADA has experienced an even bigger jump, currently trading at $0.8988, after rising by 41.70%. The news also decisively pushed Solana above the $150 resistance level for the first time since February 24, and it is now trading at $163.48, up 16.58% from yesterday.
XRP has been a focal point in discussions surrounding the Crypto Strategic Reserve. Ripple CEO Brad Garlinghouse called for the inclusion of a broader range of assets to ensure the strength of the reserve. The directive to establish a Crypto Strategic Reserve marks a significant step in integrating digital assets into national financial strategies. XRP, ADA, and SOL stand to gain prominence through increased adoption, and this move could further cement the U.S.'s dominance in the crypto space as Trump promised.
