U.S. President Donald Trump has unveiled a plan for a national crypto reserve that includes the token XRP. This move is seen as significant within the cryptocurrency sector.
Announcement of Crypto Reserve
In early March, shortly before his inauguration, Trump announced the creation of a strategic crypto reserve. In his announcement, he highlighted digital assets such as XRP, SOL, and ADA as part of the new strategy. The initiative is aimed at supporting digital assets after years of hostility under the previous administration.
Importance of XRP Inclusion
The inclusion of XRP in the crypto reserve is interpreted as an important policy signal for financial institutions regarding custody, settlement, and liquidity planning. Crypto influencer John Squire noted the significance of XRP being the first element mentioned in the context of reserve creation, saying, 'Trump mentioned a crypto reserve, and XRP was the very first name he said.'
XRP's Prospects
Speculation regarding XRP's future has intensified following Trump's announcement. Experts suggest that the token could significantly increase in value over the next few years, with some predicting a price of nearly $30 by 2030. Squire cautioned investors considering exiting their XRP positions, claiming that doing so could prove to be a mistake.
The acknowledgment of XRP as part of a national crypto reserve by President Trump underscores the asset's importance at the level of public policy, which may lead to significant growth in its popularity and price in the future.
