The XRP rate has risen by more than 35% today, from $ 2.22 to $ 2.90, and the crypto world is upside down.
The reason? Donald Trump has announced on Truth Social that the US will build a ‘Strategic Crypto Reserve’, in which Bitcoin, Ethereum, XRP, Solana and Cardano will play a central role.
Why is the XRP course shooting up so fast?
This announcement has a huge impact on the cryptomarket, and XRP benefits from it to the full. If the US government indeed builds a strategic reserve with XRP, this means that it will be a recognized and possibly even state -supported Activum. This provides:
- Institutional adoption: Large financial institutions and companies will want to use XRP earlier.
- Less uncertainty: Investors see XRP as an ‘approved’ crypto, which gives extra confidence.
- Increasing question: It is expected that governments and companies will buy large quantities of XRP, which can push the course further up.
Ripple versus sec: Has the fight now fought?
Another important consequence of this announcement is that it seems almost impossible that the SEC can still win its lawsuit against Ripple. The legal battle between Ripple and the American supervisor SEC is about whether XRP is an effect (security), but if the US XRP president is openly included in a national crypto reserve, it becomes very unlikely that the SEC still has a strong legal argument.
With this step it seems that the US government is behind Ripple, making it almost impossible for the SEC to take serious measures against the company. This would mean a historical victory for Ripple, and it can definitively position XRP as one of the most important digital assets within the American financial system.
What does this mean for the future?
This gigantic rise in XRP shows how great the impact of political decisions on the cryptomarkt is. If this plan is actually implemented, XRP would not only get a key role in the US, but also gain in importance worldwide.
The coming days will be crucial to see how the market reacts further and whether more details about the plan will come out. One thing is certain: XRP has been put in the spotlight again today, and the crypto world looks excitedly at the next steps of Trump and Ripple.
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Source: https://newsbit.nl/ripple-xrp-koers-explodeert-45-na-bizarre-aankondiging-trump/
