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BREAKING: Trump Greenlights Crypto Strategic Reserve — Includes XRP, SOL, and ADA

Another pleasant day in the world of cryptocurrencies as US president Trump made a major announcement boosting crypto prices back to bullish zone. The news of a Crypto Strategic Reserve’ which will include Ripple (XRP), Solana (SOL), and Cardano (ADA) has taken the market by a sweet surprise.

Trump: “I Will Make Sure the U.S. is the Crypto Capital of the World”

Today, President Trump directed the Presedential Working Group on Digital Assets to ‘move forward’ on a Crypto Strategic Reserve’ which will include Ripple (XRP), Solana (SOL), and Cardano (ADA).

Trump took to Truth Social to announce his decision. The Executive Order is yet to be published.

The Presidential Working Group on Digital Assets was established by an executive order on January 25th, 2025, five days after Trump swore in.

Per the Jan 25 Executive Order, the working group is tasked with ‘developing a Federal regulatory framework governing digital assets, including stablecoins, and evaluating the creation of a strategic national digital assets stockpile.’

Source: Donald J. Trump/Truth Social
Source: Donald J. Trump/Truth Social

Truth Social, a micro-blogging site, is owned by Trump Media and Technology Group, Trump has a majority share in this company.

This working group is chaired by the White House AI & Crypto Czar David Sacks. The group also includes the Secretary of the Treasury, Scott Bessent, and the acting Chairman of the Securities and Exchange Commission, Mark T. Uyeda. Uyeda will serve till the Senate clears Paul Atkins’ for the role.

Additionally, ‘the heads of other relevant departments and agencies’ are also part of the working group.

How did the Crypto Market React?

Unsurprisingly, XRP, SOL, and ADA took off sharply after Trump posted on Truth Social. XRP jumped around 20%, crossing the $2.7 mark; SOL was sitting at the $160.9 mark, a sharp 20% spike, when writing this report. ADA too was up around 20%, just shy of the $1 mark at $0.99.

Solana was not behind with over 20% gains in a few hours.

Cardano was the star of the show gaining over 55% in the last few hours. XRP, SOL, and ADA have quite a history in this young industry. Ripple, the entity behind XRP, has been working with governments to adopt a blockchain based global money transfer system, based on the XRP chain. The USP of this blockchain is cost-efficiency, speed, and decentralized record keeping.

Note that, Ripple’s infamous court battle with the SEC is expected to end soon. Undoubtedly, XRP’s inclusion in the Crypto Strategic Reserve super bullish for the industry and the crypto.

During the Biden administration, Ripple scored a landmark victory in the SEC vs Ripple case, when a a District Court judge ruled that XRP was not a security.

Meanwhile, Solana, a diverse and rich ecosystem of cryptocurrencies is also sure to benefit from this move.

ADA, the native token of the Caradano blockchain. Started by Charles Hoskinson, a legacy blockchain developer, this blockchain is a niche ecosystem in the otherwise wild and price-focused market. Notably, Hoskinson was part of the Ethereum core development team.

BTC and ETH ‘at the heart’ of the Reserve

Bitcoin and Ethereum reacted positively to the news, with BTC climbing 3% to the $90,000 mak. Ethereum, meanwhile, was also up 3.6%, hitting the $2329 mark.

Shortly after announcing the Executive Order, Trump posted that BTC and ETH would be central to the reserve. ‘I also love Bitcoin and Ethereum!’

Accusing Biden of making corrupt attacks on the ‘critical industry,’ the president suggested more focused actions for this industry. He reiterated the promise of making the U.S. the crypto capital of the world.

The mechanics of a crypto strategic reserve are not clear yet, however, it will likely be clearly described in the executive order. The order will be published in a few days.

Amid an ongoing bearish phase, this news comes as a booster, pumping XRP, SOL, and ADA to come out of the prolonged lull.

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XRP Price Surges to $2.15, But Can ETF Hype Prevent a Drop to $1.24?

XRP Price is back above $2 after a rollercoaster week, rebounding to $2.19 as traders hold their ground.

Speculation over a potential altcoin ETF has fueled fresh buying interest, but analysts aren’t convinced the rally will last.

Crypto analysts and trader warn that a major breakdown could be on the horizon, with XRP possibly sinking to $1.24 if key support levels fail.

XRP Recovers as Traders Defend $2 Support

XRP price dropped to $1.95 in early trading before bouncing back to $2.19 as the U.S. session opened.

This recovery coincided with CME Group’s announcement of Solana futures, adding fuel to speculation that altcoin ETFs could be next in line for regulatory approval.

XRP Open Interest vs. Price | Coinglass

Derivatives data supports the bullish sentiment. Despite XRP’s 24.4% price drop over the past five days, open interest declined by just 19.3%, from $3.73 billion to $3.01 billion.

This suggests that traders are holding onto long positions, betting on a price rebound.

The Fibonacci retracement levels on the daily chart highlight critical support and resistance zones.

XRP is currently hovering near the 0.786 retracement level at $1.94, a historically strong support area.

Below that, the 1.618 extension at $0.98 looms as a worst-case scenario if bearish momentum intensifies.

XRP/USD 1-day price chart. Source: TradingView

However, failure to hold above $2 could set off a deeper decline, with $1.94 standing as the last line of defense before bears take full control.

Analyst Flags Trouble—XRP Price Breakdown to $1.24?

Trader Josh Olszewicz is sounding the alarm on a bearish Head and Shoulders (H&S) pattern forming on the daily chart.

This pattern, if confirmed, typically signals the end of an uptrend and the start of a deeper correction.

The key level to watch is the neckline at $2. If XRP loses this support, the next stop could be $1.94.

And if the selling pressure intensifies, Fibonacci extensions point to a possible drop all the way to $1.24.

XRP H&S and bearish kumo breakout watch | Source: CarpeNoctom/X

Olszewicz also highlighted a bearish kumo breakout under the Ichimoku Cloud, a sign that momentum is weakening.

“1D XRP: H&S + bearish kumo breakout watch,” he posted on X, hinting that the downside risk shouldn’t be ignored.

While traders focus on short-term moves, a controversial valuation model has surfaced, claiming XRP could eventually hit $18,000 per coin.

The report, published by Valhill Capital, argues that if Ripple dominates global financial transactions, XRP’s value could skyrocket.

If ETF speculation continues driving demand, XRP price could push higher. But if the $2 level breaks, the bearish signals will come into play, and prices could slide further.

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Will XRP Price Crash To $1.75 Or Rebound Above $2?

XRP price went down during the early trading hours in the US due to low investors interest.

The token’s value slightly declined by 3.45% and was trading at $2.14. It lost almost 58.60%% in total trading volume reaching $8.81 Billion during the same period.

Meanwhile, there were signs that the selling pressure would rise as indicated by the Relative Strength Index signal that was approaching the oversold territory.

Source: TradingView

Furthermore, large investors, known as whales, have offloaded over 370 million XRP, adding to the ongoing price decline.

According to CoinGlass data the XRP Futures Open Interest indicator declined by 2%, which strengthens the negative market outlook.

The low investor confidence makes XRP potentially struggle to defend its present support zones.

Despite the bearish market outlook, some analysts still think that the situation can be reversed.

However, if Ripple price remains above the $2 support level, this could attract more attention from the buyers and likely lead to some recovery.

If the selling pressure persists, there might be more losses.

Analyst Predict a Drop to $1.97, with Some Eyeing $1.75

The analysis from CasiTrades indicated that XRP might face additional correction which could reach as low as the $1.97 support.

Several traders observed a Head and Shoulders pattern that indicated XRP prices could move down to $1.75.

Such patterns show bearish momentum extending into the future which boosts the risk of future price declines.

Source: CasiTrades/TradingView

Nevertheless, CasiTrades explained that higher time frames remain in the bullish territory, and the correction may already be in its final stage.

If Bitcoin reclaims the 0.382 level of Fibonacci and starts making a relief bounce, it will amplify with XRP.

However, a breakdown of above $2.0 may lead to further selling and lower the price.

Additionally, investors are watching for confirmation signals before making trading decisions.

If XRP rebounds from its support levels, it could challenge resistance at $2.4 and $2.7.

On the other hand, a drop below $1.97 might trigger a sharper sell-off toward the $1.75 mark.

Egrag Predicts XRP Could Hit $9,500 in the Future

Well-known XRP analyst Egrag made a bold prediction about the asset’s long-term potential.

He suggested that in the future, holding 20,000 XRP could be worth $190 Million.

This would mean a price increase of 437,688%, bringing XRP’s value to $9,500 per coin.

Egrag compared XRP’s growth potential to Bitcoin’s rise, citing MicroStrategy’s recent $1.99 Billion Bitcoin purchase.

He argued that early XRP investors with patience could see significant returns.

However, critics dismissed his prediction as overly optimistic, pointing out that XRP has yet to reach a new all-time high.

Analysts on Telegaon have projected that even by 2050, XRP might not surpass $300.

While some traders find Egrag’s prediction unrealistic, others believe that XRP’s price could experience massive growth in the coming years.

His analysis fuels ongoing debates about XRP’s long-term trajectory.

Furthermore, Crypto analyst Levi noted that XRP price has reached its bottom and is almost touching the neckline of the W breakout pattern.

This may turn bullish now. He alleges that if this happens, the XRP price would skyrocket.

He also made a long-term price forecast of over $30,000, which is good when compared to today’s price.

Source: X

XRP price needs to hold key support levels and attract strong buying interest to reverse its recent losses.

If it moves above the $2.4 resistance, bullish momentum could build up, potentially pushing prices higher.

However, if resistance remains firm, XRP might struggle to recover in the short term.

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XRP Price Plummets to $2.24—Will It Collapse to $1.50 or Rebound?

XRP price is at a real turning point right now. It’s hovering around $2.24 after taking a nasty 9% hit in just the last day.

The whole crypto market’s been kind of a mess lately, and XRP’s feeling the heat.

People are all over the place on this—some think it’s gearing up for a comeback, while others are bracing for a nosedive down to $1.50.

It’s like XRP’s standing at a crossroads, and the next few days could tell us whether it’s about to rally or totally tank.

XRP’s BTC Pairing Enters Uncharted Territory

Over the past month, it’s up 31% compared to BTC, which is no small feat. Sure, it’s down 15% in the last week, but that’s still a solid run.

This guy on X, EGRAG CRYPTO, was pointing out how XRP’s been stuck in this weird consolidation zone—trading between 0.00003 BTC and 0.000023 BTC for a while now.

He says it’s not like the old days when XRP would just spike and then crash back down.

This time, it feels like it’s digging in, maybe setting up for something bigger.

Source: Egrag Crypto

Unlike previous market cycles where XRP surged past key resistance levels only to retrace, this time, it appears to be forming a solid base.

Currently trading at 0.00002580 BTC, XRP’s ability to sustain this range may be crucial in determining whether a breakout or breakdown is imminent.

EGRAG emphasized that a foundation-building phase at these levels could set the stage for a more sustainable rally.

However, if XRP closes below 0.000023 BTC, it could trigger a bearish shift in sentiment.

Source: Ali Martinez, X

Another analyst, Ali Martinez, threw a curveball too. He’s saying XRP just broke out of this ascending channel pattern it’d been climbing in, and that’s usually bad news.

He’s guessing it might sink as low as $1.65, which doesn’t exactly inspire confidence.

XRP Price Faces Key Support at $2—Breakout or Breakdown?

XRP price action suggests a make-or-break moment, with $2 emerging as a psychological support level.

Analysts warn of a potential drop to $1.50 if the token fails to maintain this threshold.

XRP open interest. Source: CoinGlass

XRP price recently broke below a multi-month symmetrical triangle, a pattern associated with strong trend movements.

This breakdown, coupled with falling open interest (OI), suggests increased selling pressure.

Data from CoinGlass reveals that XRP’s OI has plunged 20%, dropping from $3.63 billion to $2.93 billion.

Historically, such declines have preceded major price drops.

XRP liquidations across all exchanges. Source: CoinGlass

Additionally, funding rates have flipped negative, signaling bearish dominance in the derivatives market.

More than $57.6 million in long positions have been liquidated in the last 14 hours, further adding downward pressure on XRP.

Will XRP Rebound to $4 or Sink to $1.50?

Despite the recent slump, some analysts maintain a bullish outlook. EGRAG believes that a close above $2.60 could revive bullish momentum, potentially pushing XRP toward $4.

Meanwhile, breaking below $2.00 would expose the token to further downside risks, with a $ worst-case scenario targeting $1.50.

Source: EGRAG CRYPTO, X

“Our key focus now is holding $2.30—dropping below it could mean a freefall,” EGRAG warned.

The recent crypto downturn coincided with U.S. President Donald Trump’s remarks on tariffs, which caused widespread market uncertainty.

XRP reacted negatively, dropping 22% in two days as investors rushed to offload riskier assets.

Adding to the bearish sentiment, whales have offloaded over 81 million XRP to exchanges, increasing selling pressure.

However, analysts note that XRP’s Relative Strength Index (RSI) is nearing oversold levels, which could trigger a relief rally.

EGRAG’s still holding out hope—if XRP can claw its way back above $2.30, it might turn things around.

A close above $2.60 could really get the bulls excited, maybe even pushing it toward $4.37 if Bitcoin hangs around $95,125.

But if it can’t hold $2.00, we’re talking a 30% drop to $1.50, and nobody wants that.

With February wrapping up soon, XRP’s got to figure out if it’s got the guts to push through this mess or if it’s just gonna roll over.

I’ll be keeping an eye on those resistance levels—$2.60’s the big one to watch.

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Mike Novogratz Explains Why XRP, ADA Still Dominate Crypto Market

Cryptocurrency investor Mike Novogratz has provided insights into why XRP and Cardano (ADA) continue to hold strong positions in the market.

He emphasized that these digital assets gained early traction, allowing them to build solid communities that sustain their relevance.

Despite the rise of new tokens, both XRP and ADA maintain their dominance, with liquidation data highlighting their market activity.

XRP Maintains Market Relevance Amid Liquidation Spikes

XRP has remained a key player in the crypto market, supported by its strong community and compelling market narrative.

The currency maintained stable growth throughout November until early February when it surpassed the $3.00 level, but then started to decline.

The current mid-February market value of XRP stands above $1.50 despite showing price variations.

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The XRP total liquidations Chart reveals significant liquidation spikes in recent months, particularly in early December and early February.

During these two timeframes, the total amount of long leveraged trades reached $74.67 million.

The price fluctuations in late November and early December were associated with increased short liquidations on the market.

Source: Coinglass

Novogratz acknowledged the influence of community-driven engagement in keeping XRP relevant despite market volatility.

The persistent interest of traders during price volatile periods appears through constant high-level liquidations.

Cardano Faces High Liquidation Despite Market Stability

Cardano (ADA) has experienced notable liquidation activity in recent months, reflecting both long and short positions.

The price started its upward swing during November and then reached a maximum point in January before the start of downward adjustments.

As of February, ADA’s price remains above $0.60, showing resilience in the crypto market.

The recent liquidation figures demonstrate equally distributed long and short positions from November through January, during which three significant spikes occurred.

During the middle of December, the largest long position liquidation reached $22.54 million, but the major short position liquidations took place in November.

The major price swings in the market demonstrate that leverage trading strongly affects market movements due to liquidation events.

Source: Coinglass

Despite recent liquidations, ADA retains a solid market position, supported by its early adoption and dedicated community.

The medium-term viability of Cardano remained uncertain to Novogratz who praised its established base of supporters.

Early Adoption Remains a Key Factor for Market Leaders

Novogratz highlighted that both XRP and ADA benefited from launching at a time when fewer options were available.

Novogratz explained that launching an effective cryptocurrency has become tougher today because of the excessive number of new projects entering the space.

The challenge to build a strong community has grown harder which makes previously established tokens demonstrate better resistance.

According to Novogratz, new tokens need to provide real utility to establish lasting success.

As a result, XRP and ADA continue to dominate the market due to their early positioning and strong user bases.