The cryptocurrency market erupted after Donald Trump announced the formation of a U.S. Strategic Crypto Reserve, placing key assets like XRP, Cardano , and Solana in the spotlight. Posting on Truth Social, Trump declared his ambition to make the U.S. the “Crypto Capital of the World”, sending shockwaves through the digital asset space.
The announcement marks the first time a U.S. president has officially recognized a strategic crypto reserve, shifting the conversation from speculation to policy. Trump also hinted at including more “valuable cryptocurrencies” in the future, further fueling investor enthusiasm.
As expected, prices for the selected tokens surged immediately after the revelation:
ADA’s price exploded past $1.00, fueled by Trump’s announcement and increasing demand. It is now testing the $1.14 resistance level, and if momentum sustains, the next target is $1.32. However, if ADA faces rejection, support at $0.84 will be crucial to prevent a selloff.
Solana gained 18%, reclaiming $163.53 resistance after bouncing from $127.39. A push past $179.38 could send SOL toward the psychological $201.23 level, while a dip below $151.39 might invite bearish pressure.
XRP’s 31% surge brought it near $2.85, with bullish sentiment running high. A breakout above $2.89 could send it toward $3.40, while $2.47 serves as critical support.
Trump’s Strategic Crypto Reserve announcement has undeniably shifted market sentiment, turning XRP, Cardano, and Solana into high-priority assets. With prices surging and institutional investors taking notice, the crypto market may be entering a new era of adoption and regulation.
This post was last modified on Mar 03, 2025, 13:27 GMT 13:27