Ripple Celebrates Donald Trump's Recognition of the Digital Currency $XRP

There are moments when everything seems to collapse: plans are obstructed, legal barriers, closed doors. Then, without warning, a difficult event has changed the game. That's exactly what just happened with XRP. Donald Trump's announcement of creating a strategic reserve fund for digital assets has sent shockwaves through the cryptocurrency space. Ripple CEO Brad Garlinghouse sees it as long-awaited recognition and a strong signal for the industry. Trump puts Ripple cryptocurrency at the center of his strategic focus This news was like a bombshell last night: Trump suggested the idea of a government cryptocurrency reserve, including Bitcoin, Ethereum, Solana, Cardano, and of course Ripple's cryptocurrency, XRP. Garlinghouse reacted enthusiastically on X: "Maximalism is the enemy of industry progress. It's great to see the President of the United States acknowledge that we are living in a multi-chain world." This is really a slap in the face to the SEC, known for its very restrictive stances under the Biden administration. But what does this announcement specifically mean for the cryptocurrency market? By incorporating XRP into this reserve, Trump sends a clear message: he acknowledges the diversity of altcoins and seems to want to end the arbitrary decisions that have hindered this industry so far. Is the era of bias towards Bitcoin and Ethereum over? XRPUSD chart from TradingView The SEC has long restrained Ripple by suing the company for selling unregistered securities, which can be seen as being in a difficult situation. Immediate impact: XRP surged 30%, Cardano's ADA surged 50%, and Solana surged over 20%. As for Bitcoin, it skyrocketed to over $94,000 in a frenzy of optimism. But will this excitement be sustainable? What details are still missing about this conservation area and how will it be funded?

Is the future bright for XRP or just a passing fad? While Ripple Labs is still facing some legal troubles, this announcement comes at the right time. The company is still battling the SEC's lawsuit, despite winning a partial victory in the US court. Can this political change end these lawsuits? Garlinghouse, who will be present at the White House cryptocurrency summit, hopes everything will progress. The Trump administration laid the groundwork with a resolute approach in support of cryptocurrencies. In January, an executive order mentioned creating a "national digital asset reserve," without specifying the related tokens. Start your cryptocurrency adventure safely with Coinhouse. This link uses an affiliate program. Some maximalist Bitcoin followers are truly disappointed as BTC is not explicitly mentioned. But recent posts by Trump on Truth Social have clarified everything: XRP, Solana, and Cardano will indeed be a part of it, along with the Bitcoin and Ethereum giants. Bitcoin rose 9% in a day, surpassing $94,000; XRP surged 33%; Cardano recorded a staggering 50% growth; Solana increased by 20%. Are these impressive numbers the precursor to a new price surge? CryptoCats are thrilled: "Trump's posts on Truth Social just rocked the cryptocurrency market! #Bitcoin vượt quá 91.000 đô la, #ETH surged 12% and XRP exploded 33%!" If this upward trend continues, we may see XRP stabilize in the top 3 digital assets. But be careful of being poured cold water if the announcements have not been implemented yet.

Therefore, like Bitcoin, Ripple cryptocurrency is the subject of extravagant predictions. Some analysts, inspired by the prevailing excitement, even suggest XRP at $18,000. Reality or complete madness? The future will answer, but one thing is certain: the cryptocurrency market continues to surprise us.