US President Donald Trump announced on March 2 through the social platform Truth Social that crypto strategic reserve contains Bitcoin (BTC), Ethereum (ETH), Solana (left), Cardano (Ada) and XRP.
“A US crypto reserve will raise this industry after years of corruption attacks by Biden administration. I will make sure that the US is the world’s crypto capital. We make America big again ”. Trump’s rhetoric revived the market and created mobility in the market, especially the island and XRP. However, the fact that BTC and ETH were not included in the first announcement led to critical voices by some sector stakeholders and caused some question marks. As a result of the uncertainty atmosphere, the market took back the weekend.
The fact that XRP took place on the reserve led to controversy
Crypto analyst Peter Brandt criticized Trump’s creation of a crypto currency reserve, including Altcoins instead of Bitcoin strategic reserves. On March 4, Brandt announced on the social media platform X as follows:
“Trump lost 30 percent of his reputation by adding a reserve except Bitcoin. 10 percent with Trump Coin and lost 10 percent with the watch brand. ”
In the next share, he said:
“This is a great defeat for Trump’s reputation for real crypto fans.”
Bitcoin and Gold defender Peter Schiff argued that Bitcoin was sensible because it could be considered as digital gold to take part in the reserve, while the XRP was unnecessary.
“It is possible to see Bitcoin as digital gold. I don’t agree with this, but I understand the logic. But why should we keep XRP on the reserve? What justification could this be? “
Charles Hoskinson, the founder of Cardano, who was announced to be in the strategic reserve of the USA, supported the XRP and made the following statement:
“XRP has become a global standard with a great technology, standing in many challenging markets and has a strong community. I think the president has made the right decision. “
What is the target in the XRP price?
Crypto Analyst, who evaluated the price movements of XRP since 2017, claimed that the XRP price will rise to 27 to 33 dollars by May 2025 in a statement on the X account.
https://twitter.com/egragcrypto/status/18968196541802740
Analyst used the following statements in his share:
Orum I analyze a potential week -old channel formation, and what comes to the fore here is:
In 2017, from the beginning of the channel to the last break – going to the exploding summit of the cycle – it took about 175 days and a movement measured by 2,500 percent from the lower end of the channel!
Today we see similar XRP price movements; 21 EMA (Mobility moving average) closes above and there is only a small wick.
If we apply the same model to the current market, the XRP may rise to FIB 1.618 and target $ 27 to 33!
And guess what happened? Based on the 2017 cycle, this explosive movement can take place in just 28 days! ”
On the other hand, US Trade Minister Howard Lutnick announced that the crypto market turned its face up on Wednesday, March 5 after the announcement that BTC will declare BTC as a reserve at the White House next Friday. As a result of the news, the price of BTC increased by 7 percent in the last 24 hours and returned to the $ 90 thousand background.
Last week, the XRP scared its investors by falling under the $ 2 psychological threshold and tries to resist the bumpy atmosphere in the market. The XRP news, which won 4.45 percent in the last 24 hours, was traded for $ 2.47 as of writing.
