In a significant move that sent shockwaves through the cryptocurrency market, XRP saw its price skyrocket by 38% following U.S. President Donald Trump’s decision to include the digital asset in the nation’s strategic crypto reserve. This addition positions XRP alongside other major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Cardano (ADA), with expectations that XRP will play a pivotal role in the reserve’s future.
According to data from CoinMarketCap, XRP’s price surged from $2.24 to $2.96 shortly after Trump’s announcement, marking a notable 38% increase within 24 hours. As of now, the cryptocurrency is trading at $2.86, with trading volume soaring to $13.67 billion, reflecting a massive 300% increase over its usual daily volume.
A Landmark Decision for XRP
President Trump’s decision to include XRP in the crypto reserve represents a key milestone for the digital asset, further solidifying its position among the leading cryptocurrencies in the market. XRP has been gaining significant attention over the past months, following its victory against the U.S. Securities and Exchange Commission (SEC), the launch of its RLUSD stablecoin, and its breakout above major resistance levels.
The addition of XRP to the strategic crypto reserve is expected to bolster its prominence and could lead to further price surges in the coming months, as the asset continues to establish itself as a critical player in the cryptocurrency landscape.
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