This week, cryptocurrency markets were influenced by news of several assets being included in the US Strategic Reserve, impacting their prices.
Current Status of Ethereum
Ethereum ended the week down by 3%. Buyers tried to maintain the price above $2,400 following the news of its inclusion in the reserve but were eventually unsuccessful. Currently, Ethereum is attempting to return to the $2,400 resistance level. If this level is broken, an uptrend is expected.
Ripple Price Analysis
Ripple saw a 13% gain on the news of its inclusion in the US reserve, briefly touching $3. However, for the uptrend to continue, buyers need to break the resistance at this level. Currently, XRP is consolidating between $2 and $3.
Cardano Dynamics
Cardano soared 80% following Trump's tweets about the reserve, reaching $1 before pulling back. The week closed with a 41% increase. To sustain an upward trend, ADA needs to surpass $1.32.
The news of inclusion in the US Strategic Reserve has had a significant impact on crypto markets, causing considerable price fluctuations. The coming days will reveal whether the assets can hold onto the gained ground.
