Trump Adds XRP to US Crypto Reserve, Price Soars 17%
The Most Important Points at a Glance
Donald Trump’s decision to include XRP in the U.S. strategic crypto reserve is sparking discussions. While Bitcoin was expected as “digital gold,” XRP is facing criticism. Surprisingly, Cardano founder Charles Hoskinson is defending the decision and praising the technology behind XRP. The announcement led to a significant price increase of 17.02%, accompanied by increased whale accumulation.
Trump Bets on XRP – A Controversial Choice
Donald Trump has announced a strategic crypto reserve for the U.S. In addition to Bitcoin, XRP was also included in this reserve. While Bitcoin is considered an established store of value, the choice of XRP is met with skepticism. Critics like Peter Schiff question the decision and doubt the necessity of an XRP reserve.
Charles Hoskinson Defends XRP
Unexpectedly, Cardano founder Charles Hoskinson spoke out in support of XRP. Despite previous conflicts with the XRP community, he praised the technology and resilience of the token. In his opinion, XRP is a global standard solution with a strong community that has proven itself over the years.
Past Tensions Between Hoskinson and the XRP Community
Hoskinson’s support for XRP is surprising, as he had clashed with the community multiple times in the past. In 2022, he called for XRP to be regulated as a commodity, which was met with resistance. In 2023, the conflict escalated when he referred to the XRP community as “toxic and petty.” It wasn’t until 2024 that he hinted at a reconciliation, which has now culminated in his recent support for XRP.
Market Reaction: XRP Price Rises Significantly
Following the announcement of the crypto reserve, the XRP price increased by 17.02%, reaching $2.65. Analysts are also observing increased accumulation by large investors (“whales”), indicating growing institutional interest. The combination of Trump’s decision and Hoskinson’s support could strengthen XRP in the long run.
Our Assessment
The inclusion of XRP in the U.S. crypto reserve could solidify its market position. Hoskinson’s sudden change of heart shows that XRP is gaining recognition beyond its own community. The price reaction and rising institutional investor interest suggest that XRP is continuing to grow in significance. However, it remains to be seen how the regulatory and political landscape will develop.
You should read that too:
| Symbol | XRP |
| Coin type | Alt Coin |
| Transaction Speed | High |
| Pros |
|
| Cons |
|
| Further practical applications | |
| Price | $2.28 |
| 24h % | -18.56 % |
| 7d % | -1.16 % |
| 30d % | -21.40 % |
| 60d % | -6.63 % |
| 1y % | 262.00 % |
| Official Links | Website |
| Socials | X |
Advertising transparency