The cryptocurrency market has experienced a significant rally following President Trump’s announcement of a U.S. Crypto Strategic Reserve, with XRP price leading the charge alongside other major digital assets. Since Friday, the total crypto market cap has surged nearly 20%, fueled by investor excitement and renewed confidence.
Trump’s Crypto Strategic Reserve Boosts XRP Price
On Sunday, President Trump revealed via social media that he had signed an order establishing a Crypto Strategic Reserve, which initially included XRP, Solana (SOL), and Cardano (ADA). Shortly after, he expanded the list to include Bitcoin (BTC) and Ethereum (ETH), further amplifying the market rally. Following this announcement, the first three cryptocurrencies mentioned experienced a remarkable surge, with XRP price skyrocketing by 24.5% in just one day.
The news sent shockwaves across the crypto market, resulting in major price movements:
- Bitcoin (BTC) jumped 7.5%
- Ethereum (ETH) rose 10.2%
- Solana (SOL) surged 18.8%
- Cardano (ADA) skyrocketed 61.7%
- XRP price spiked 24.5%
Notably, the top-performing assets in the last 24 hours, among cryptocurrencies with a market cap exceeding $1 billion, were Cardano, XRP, the Official Trump memecoin, and Solana. Meanwhile, Binance Coin (BNB) saw the smallest gains among the top 10 cryptocurrencies (excluding stablecoins), but still increased by 2.55%.
XRP Price Gains Momentum Ahead of White House Crypto Summit
Trump’s announcement reversed the sharp correction that followed his election surge, sparking renewed bullish sentiment. Over the weekend, major cryptocurrencies saw impressive gains:
- Ethereum (ETH) climbed 20% to $2,482
- XRP price jumped 38%
- Solana (SOL) rose 20%
- Cardano (ADA) soared 78%
This upward momentum may continue as anticipation builds ahead of Trump’s first White House Crypto Summit, scheduled for March 7. The event is expected to bring together key industry leaders to discuss crypto regulation and stablecoin oversight, shaping the future of digital assets in the U.S.
Future Outlook: Can XRP Price Maintain Its Rally?
David Sacks, a prominent investor and crypto advocate, stated in an X post that Trump’s executive order aligns with his previous E.O. 14178, signed during his first week in office. This move solidifies Trump’s commitment to establishing the U.S. as the “Crypto Capital of the World.” More details are expected to be revealed during the upcoming summit, which could further impact XRP price and the broader crypto market.
As traders and investors monitor these developments, XRP price remains in focus as one of the strongest gainers in this latest market rally. If bullish sentiment persists, XRP could continue its upward trajectory, potentially testing higher resistance levels in the coming weeks.
