Large-cap altcoins XRP, Solana, and Cardano topped the market gainers list Sunday after President Donald Trump confirmed their inclusion in a U.S. strategic cryptocurrency reserve.

Trump announced that the Presidential Working Group is moving forward to establish a cryptocurrency reserve that includes XRP, Solana, and Cardano.

President Donald Trump on Sunday confirmed that the Presidential Working Group is moving forward to establish a cryptocurrency reserve that will include XRP, Solana, and Cardano.

Following the announcement, the three popular altcoins began surging rapidly.

Cardano's native token, ADA, showed the strongest reaction, surging 57% in the last 24 hours, while its trading volume soared by a whopping 1405% to $9 billion.

The rally sent ADA past the $1 mark after more than five weeks.

The Moving Average Convergence Divergence, which compares two exponential moving averages of price, flashed a "Buy" signal for ADA as of this writing, according to TradingView. Nearly all of the moving averages also indicated a bullish sentiment.

The Presidential Working Group is establishing a cryptocurrency reserve that will include XRP, Solana, and Cardano, President Donald Trump announced Sunday.

The Presidential Working Group is establishing a cryptocurrency reserve that will include XRP, Solana, and Cardano, President Donald Trump announced Sunday.

The three large-cap altcoins were among the best performers on Sunday morning.

The three large-cap altcoins were among the best performers on Sunday morning.

What Happened: Trump announced that the Presidential Working Group is moving forward to establish a cryptocurrency reserve that will include XRP, Solana, and Cardano. The three popular altcoins began surging instantly.

What Happened: Trump announced that the Presidential Working Group is moving forward to establish a cryptocurrency reserve that will include XRP, Solana, and Cardano. The three popular altcoins began surging instantly.

Cardano's native token, ADA, showed the strongest reaction, surging 57% in the last 24 hours, while its trading volume soared by a whopping 1405% to $9 billion.

Cardano's native token, ADA, showed the strongest reaction, surging 57% in the last 24 hours, while its trading volume soared by a whopping 1405% to $9 billion.

The rally sent ADA past the $1 mark after more than five weeks.

The rally sent ADA past the $1 mark after more than five weeks.

The Moving Average Convergence Divergence, which compares two exponential moving averages of price, flashed a "Buy" signal for ADA as of this writing, according to TradingView. Nearly all of the moving averages also indicated a bullish sentiment.

The Moving Average Convergence Divergence, which compares two exponential moving averages of price, flashed a "Buy" signal for ADA as of this writing, according to TradingView. Nearly all of the moving averages also indicated a bullish sentiment.

Solana (CRYPTO: SOL) and XRP (CRYPTO: XRP) also soared over 17% and 24% respectively.

Solana (CRYPTO: SOL) and XRP (CRYPTO: XRP) also soared over 17% and 24% respectively.

The presidents remarks come after months of rumors and speculations. In May, Trump's former economic advisor, Larry Kudlow, said that the administration was considering creating a national cryptocurrency strategy.

Now, it appears that the administration has decided to move forward with the plan.

The move is sure to be controversial. Some economists have argued that a U.S. cryptocurrency strategy is necessary to maintain the country's economic competitiveness in a rapidly changing global landscape.

However, other economists have argued that such a strategy is not necessary and could be disruptive to the cryptocurrency markets.

It remains to be seen what impact, if any, the U.S. cryptocurrency strategy will have on the world economy. However, the fact that the administration is moving forward with the plan is a significant development.

Related Link: Bitcoin Is Digital Gold But ‘What’s The Rationale For An XRP Reserve’, Asks Peter Schiff: Cardano Founder Charles Hoskinson Says Trump Made The Right Decision