Trump's crypto reserve announcement: XRP and Bitcoin experience record increases on the market!

Trump's crypto reserve announcement: XRP and Bitcoin experience record increases on the market!
Trump's strategic crypto reserve: an impulse for Bitcoin and XRP
President Donald Trump has announced plans to create a strategic crypto reserve that has an important impact on the cryptocurrency market. The reserve comprises five important cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), XRP, Solana (Sol) and Cardano (ADA). This announcement led to significant price increases for these digital assets.
market reaction to the announcement
After Trump's explanation, the XRP course rose 17 % to $ 2.67, a sign of investors who are recovered in Ripple. The market capitalization of XRP reached $ 154.67 billion and the trading volume rose dramatically by 509.25 % to $ 19.94 billion within 24 hours. The open interest in XRP futures also climbed 27 % to USD 4.10 billion, which is the highest level since the beginning of February.
The global crypto market capitalization grew by 7.22 % to over $ 3 trillion within 24 hours, while the market volume increased by 185 % and $ 197 billion.
price forecasts for XRP
Analyst Dark Defender estimates that XRP could achieve a value of $ 77.70 by 2027. He identified important support levels at $ 2.60 and $ 2.77 as well as resistance points at $ 5.85, $ 8.03 and $ 18.22. Another trader, Rose Premium Signals, predicts a potential increase to $ 5, whereby overcoming the resistance could trigger a rally at 3 USD and 4.2 USD.
Bitcoin above the 92,000 USD mark
Bitcoin also benefited from the news and jumped by 6.80 % to $ 92,116. The course is currently sideways, but has an increased trading volume that has risen by 184 % and exceeds $ 69 billion. If Bitcoin exceeds the brands of $ 95,000 and 97,000, it could be on the way to the $ 100,000 mark. With a decline under $ 93,000, however, this could have a decisive impact on further price development.
On March 7, Trump will organize a crypto summit in the White House, in which leading experts and government officials will come together. This could give additional impulses for the market and further promote the discussion about the future of cryptocurrencies.
FAZIT
The announced crypto reserve from Trump not only ensures significant course jumps in XRP and Bitcoin, but also reflects increased trust in digital assets. Investors and analysts are optimistic and observe the development of these cryptocurrencies, while the global crypto industry continues to grow and changes.