XRP Jumps Significantly Targeting $3 as Trump's Directive to Buy Crypto Reserves Includes XRP, Solana, Cardano

XRP jumps significantly within the last 24 hours, reaching a trading price of $2.96. This dramatic price movement comes as reports emerge of Trump's directive to the Presidential Working Group

The price of XRP has surged dramatically over the last 24 hours, reaching a trading price of $2.96. This dramatic price movement comes as reports emerge of Trump’s directive to the Presidential Working Group on a Crypto Strategic Reserve.

The directive, which is said to include tokens like XRP, Solana (SOL), and Cardano (ADA), has ignited discussions about the potential for the United States government to acquire these digital assets.

As market observers ponder the implications of the US government purchasing an unregistered security like XRP, technical indicators for the altcoin are presenting a case for a shift in momentum.

In the 1-day chart, the MACD line crosses above the signal line, indicating a bullish crossover, while the RSI is around 54.5, leaving room for further upward movement without entering overbought territory.

This technical analysis, combined with the Trump administration’s crypto reserve plans, has set the stage for XRP’s explosive growth.

Earlier this year, a judge ruled that XRP is not a security in certain transactions, and following the change in the political landscape and Gensler’s departure, it was widely expected that the US regulator would drop the appeal.

However, despite the new administration at the helm of the SEC and the pending decision on the appeal, there has been no activity in the case. Legal experts are surprised by the lack of action from the SEC and note that they usually make a decision on whether to pursue an appeal.

In the absence of any updates from the SEC, which would have huge implications for the token’s price, experts are speculating on the agency’s next move. A drop in the appeal would essentially legitimize XRP on a global scale.

In addition to the lawsuit, the increasing adoption of RippleNet and On-Demand Liquidity (ODL) by banks and payment providers could also contribute to an increased demand for the token.

Investors will be closely following any developments regarding the Trump administration’s plans and the Presidential Working Group’s recommendations for the crypto reserve. The market’s reaction to these announcements will undoubtedly shape the future trajectory of XRP.