The Donald Trump-led regime is specifically focusing on amping up the cryptocurrency sector. With Trump’s latest tariff spree, the king of cryptocurrencies had noted a dramatic fall, plunging below the $85K mark. Now that Trump is all set to head a new crypto summit on March 7, the overall crypto market sentiment is flashing green, showing signs of enthusiasm and zest, in a latest positive development. At the same time, the US president has launched a stratified crypto reserve with Ripple (XRP), Cardano, and Solana leading the charge. Will that help Ripple (XRP) turn its fortunes around? Let’s find out.
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Ripple Will Be A Part Of US Crypto Reserve
In a strategic new feat, US President Donald Trump has announced the launch of a crypto reserve, with Ripple (XRP), Cardano (ADA), and Solana (SOL) leading the charge. This monumental feat is greatly influencing the price of XRP, which has risen 25% in the process to hit a new price mark of $2.81. Trump took to X to share the news, adding how his new crypto reserve is a crucial step that will help “make America a leading crypto hub of the world.”
At 10:24 AM ET today, President Trump made the below post.
He announced a "Crypto Strategic Reserve" and says he will "make sure the US is the Crypto Capital of the World."
However, on $XRP, $SOL, and $ADA were mentioned in the initial announcement of the reserve. pic.twitter.com/IYyNxE1S8w— The Kobeissi Letter (@KobeissiLetter) March 2, 2025
Trump later shared an additional tweet, adding how Bitcoin (BTC) and Ethereum (ETH) will also be part of this reserve, ushering in a positive market momentum in the market.
However, at 12:11 PM ET, Trump quoted his post with the below:
— The Kobeissi Letter (@KobeissiLetter) March 2, 2025
"And, obviously, BTC and ETH, as other valuable Cryptocurrencies, will be the heart of the Reserve," he said.
This comes just days after Eric Trump posted "Buy the dips" referring to the recent drop in crypto. pic.twitter.com/bgDpUdz3BX
Reacting swiftly to the news, Bitcoin saw a notable price surge worth 8% in the process. This development helped Bitcoin to claim a high price spot of $93K at press time. This also translates to the fact that the BTC is now out of bear territory, anticipating a 16% push for it to claim a brand new high price spot.
Since then, Bitcoin has reclaimed $94,000 and is now up nearly 20% from its recent low.
— The Kobeissi Letter (@KobeissiLetter) March 2, 2025
Since Friday at 3:00 PM ET, Bitcoin prices have surged from $78,200 to $94,000+.
This means Bitcoin is now OUT of bear market territory and ~16% away from a new all time high. pic.twitter.com/saJXyIpzbs
With the overall market sentiment being bullish, XRP is expected to surge gradually, hitting major price ATH in the process. Brad Garlinghouse, CEO of Ripple, responded to this development, adding how Trump’s policies will help the digital asset domain to rise with precision in the near future.
“I’ve said this before – the crypto industry will achieve our goals (and beyond), IF WE WORK TOGETHER. Appreciate the crypto President @realDonaldTrump’s vision of a government digital asset reserve representative of the industry. Maximalism is the enemy of the industry’s progress. Glad to see POTUS recognizing we live in a multichain world. And that we’re finally moving past Bill Hinman and the Biden administration’s SEC’s very broken thinking.”
I’ve said this before – the crypto industry will achieve our goals (and beyond), IF WE WORK TOGETHER. Appreciate the crypto President @realDonaldTrump’s vision of a govt digital asset reserve representative of the industry.
— Brad Garlinghouse (@bgarlinghouse) March 2, 2025
Maximalism is the enemy of the industry’s progress.… https://t.co/GiAAI1NuRk
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Crypto Summit: Details and Price of the Token
In addition to this, Trump’s Crypto Czar David Sacks was noted tweeting how more developments will be announced at a crypto summit hosted by the White House on March 7. This has floated new speculations in the market, stating how more coins may soon be added to the new crypto reserve.
Now, Trump's crypto czar @DavidSacks has posted that there is "more to come at the crypto summit."
— The Kobeissi Letter (@KobeissiLetter) March 2, 2025
This week, on March 7th, President Trump is hosting the first ever crypto summit at the White House.
There is speculation that additional coins will be added to the reserve list. pic.twitter.com/DudsVYaMLy
When it comes to XRP, the overall bullish market sentiment is suiting the coin well. Per AI, XRP may as well sit at a new price range between $7 and $10. This may happen if the reserve announces special policies catering to XRP alone.
At the same time, moderate price hikes may include XRP hitting $5 to $5.50. In a bearish scenario.
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