"Trump's Crypto Reserve: XRP Bulls Unfazed by Bitcoin Maximalist Backlash"

The U.S. government has taken a significant step towards recognizing digital assets, with President Donald Trump signing an executive order that includes provisions for establishing a "strategic crypto reserve." However, this move has sparked intense debate within the cryptocurrency community, with Ripple's XRP facing particular scrutiny from Bitcoin maximalists.

Bitcoin proponents argue that the language in the executive order should have explicitly specified a "Strategic Bitcoin Reserve," excluding all other digital assets. Critics have targeted Ripple, alleging that the company influenced the executive order's wording. Industry figures such as Riot Platforms' Head of Research, Pierre Rochard, and Messari founder Ryan Selkis, have weighed in on the controversy, with some accusing Ripple of prioritizing corporate interests over national benefit.

Despite the controversy, XRP has maintained its bullish momentum. The XRP/USD pair traded at $3.1353 at press time, posting a modest 0.90% increase. The MA cross between the 50-day and 200-day moving averages maintained a strong bullish structure, with price action consolidating well above both indicators. Trading volume stood at 23.66M XRP, indicating sustained market interest amid the political controversy.

The XRP Weighted Sentiment chart revealed fascinating market psychology during this period. Notable spikes in sentiment occurred between the 13th to the 29th of November 2024, followed by a significant normalization phase. The recent political developments have caused only minor sentiment fluctuations, with the metric showing resilience around the neutral zone despite intense social media debates. This sentiment stability contrasts sharply with the vocal criticism from Bitcoin maximalists, suggesting that broader market participants may be taking a more measured view of the situation.

The combination of stable price action above key moving averages and measured sentiment response indicates that the market has largely absorbed the political controversy without significant disruption to XRP's technical structure. This resilience might suggest that institutional and long-term investors are maintaining their positions despite the ongoing debate about crypto reserve composition.