The cryptocurrency market is experiencing a historic surge as Solana (SOL), Cardano (ADA), and Ripple – the XRP price soared following a game-changing announcement from former U.S. President Donald Trump. In a bold move, Trump revealed that his administration is planning a U.S. Crypto Strategic Reserve, initially comprising XRP, SOL, and ADA, before later adding Bitcoin (BTC) and Ethereum (ETH) to the mix.
This unexpected endorsement of altcoins has sent shockwaves through the crypto community, fueling massive price rallies and reshaping market sentiment. Let’s break down how Trump’s crypto revelation has ignited one of the most significant market movements in recent history.
Trump’s Crypto Bombshell: SOL, ADA & XRP Price Surge Lead the Charge
In a TruthSocial post, Trump stated that his Presidential Working Group is formulating plans for a “Crypto Strategic Reserve“, initially prioritizing XRP, SOL, and ADA. The mention of these specific assets before Bitcoin and Ethereum led to an explosive market reaction, with investors rushing to accumulate these altcoins.
According to CoinMarketCap, the crypto market surged by 9.5% in response to the announcement, pushing its total valuation to $3.06 trillion. The biggest beneficiaries? XRP, SOL, and ADA, which saw double-digit percentage gains within minutes.
Massive Gains for XRP, SOL & ADA
Here’s a breakdown of the SOL, ADA & XRP price surges witnessed in the wake of Trump’s announcement:
- Cardano (ADA) Breaks $1 Barrier
- ADA price skyrocketed 70%, peaking at $1.11 before settling around $1.06.
- This marks its highest level in months, making it the best-performing major altcoin of the day.
- Ripple (XRP) Shoots Up 35%
- XRP price surged to $2.96, posting its largest single-day gain in over a year.
- This rally comes amid speculation that Ripple’s regulatory clarity could further boost adoption.
- Solana (SOL) Surges 26%
- SOL’s price jumped to $177.88, continuing its bullish trend and positioning itself as one of the strongest Layer-1 blockchains in the market.
Despite the market closing for the weekend in the U.S., traders anticipate further upside potential when traditional financial markets reopen on Monday.
Why Is This Crypto News So Significant?
The U.S. government’s involvement in cryptocurrency has long been a hot topic. While previous administrations have maintained a skeptical stance, Trump’s bold embrace of digital assets signals a potential shift in policy.
Here’s why his Crypto Strategic Reserve plan is shaking up the market:
- Legitimization of Crypto – A formal U.S. crypto reserve could give digital assets a recognized role in the financial system, increasing institutional adoption.
- Regulatory Clarity – The move could accelerate regulatory discussions, benefiting projects like XRP, which has long battled regulatory hurdles.
- Institutional Investment Surge – With the U.S. government showing interest, big-money investors may follow suit, leading to higher liquidity and demand.
- Impact on Bitcoin & Ethereum – While BTC and ETH were added later, the focus on XRP, SOL, and ADA suggests that alternative blockchains are gaining prominence in the eyes of policymakers.
What’s Next for XRP, SOL & ADA?
While these SOL, ADA & XRP price surges with others are impressive, the crypto market remains highly volatile. Investors will be watching closely for further developments, particularly:
- Official policy details from Trump’s team regarding the Crypto Strategic Reserve.
- Institutional reactions and potential regulatory responses from agencies like the SEC.
- Market stability as traders digest the implications of this major shift.
The next few days and weeks will be crucial in determining whether this rally has long-term staying power or if it’s merely a reactionary surge.
Final Words
The crypto market is buzzing with excitement as XRP price surges alongside SOL and ADA, fueled by Trump’s groundbreaking Crypto Strategic Reserve announcement.
With XRP price now pushing towards multi-year highs, investors are speculating on whether this rally has more room to run or if a correction is imminent. As the dust settles, all eyes will be on further policy details, market reactions, and the broader impact on crypto adoption.
One thing is certain—Trump’s endorsement has reignited interest in altcoins, and the next few days could be pivotal for the future of XRP, SOL, and ADA in the ever-evolving crypto landscape.
