XRPUSD – Daily Chart
The price of XRP found support at the $2 level and has surged higher to the $3 mark.
US President Donald Trump named XRP, Solana (SOL) and Cardano (ADA) as three assets to be included in the planned US strategic crypto reserve on Sunday, adding details on how it may look.
After crypto enthusiasts were surprised with no mention of the two largest coins, he clarified that “BTC and ETH, as other valuable Cryptocurrencies, will be at the heart of the Reserve”. The latest executive order said the digital assets working group would “evaluate the potential creation and maintenance of a national digital asset stockpile”. Trump said on Sunday that the group should “move forward” with establishing the reserve.
The working group will talk on Friday with crypto industry and government representatives. Some US states have moved forward with bills to implement their own reserves but have been unsuccessful in votes.
A previous bill proposed in the US would have authorized the Treasury to acquire one million bitcoins over five years, roughly 5% of the total Bitcoin supply.
However, XRP may be one of the winners from this bill after markets only expected BTC and ETH to form a reserve.
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