XRP Price Surges 35% on News of Crypto Strategic Reserve Including Ripple, $5 Target In Sight
XRP experienced a massive rally, winning 35% in just 24 hours, after the announcement by US President Donald Trump of a new cryptographic strategic reserve. Trump revealed that the reserve would include XRP, as well as other major cryptocurrencies such as BTC, ETH, Sol and ADA, as part of its vision to make the United States the world leader in cryptographic industry.
The overvoltage of the XRP price can be awarded to this unexpected catalyst. According to the technical analysis, the price structure of XRP has shown an upward trend. After a brief decline, XRP seems to be preparing at higher prices, with key support levels between $ 2.41 and $ 2.48.
If the price is higher than these levels, the next main resistance is $ 3. A break above this level could prepare the ground for a thrust to $ 3.40 and perhaps even higher, some analysts predicting the price potential to reach $ 5 to $ in long term.
What did Trump announce?
Truth Trump wrote: “An American crypto reserve will raise this critical industry after years of corrupt attacks by the Biden administration, which is why my decree on digital assets ordered the presidential working group to move forward on a cryptographic strategic reserve which includes XRP, Sol and Ada. I will make sure that the United States is the cryptographic world capital. We make great America again, “he wrote on Truth Social.”
“And, of course, BTC and ETH, as other precious cryptocurrencies, will be at the heart of the reserve. I also love Bitcoin and Ethereum, “he added.
With a bullish feeling surrounding the cryptography market and the excitation of Trump’s announcement, XRP could continue to increase while the market reacts to this major development. Investors are now looking for the next escape point, because the cryptocurrency sector sees a renewal of optimism.
