XRP Price Might Witness Huge Gains Following Recent Ripple News

Ripple's XRP has achieved a significant victory by joining the US crypto reserve, potentially altering its future with the SEC.

After a recent report revealed that President Trump’s crypto reserve has seen an addition of a new coin, the official price of XRP has seen a huge surge.

The good news just keeps coming for those who bought Ripple (XRP) early, as the crypto is fast approaching its next key price milestone.

What Happened With Trump’s Crypto?

According to a new report by MAGA Inc., President Trump’s personal crypto reserve has seen some changes. In a recent update, it was revealed that the 45th president’s crypto portfolio now includes an addition of a new coin.

As per the publication, Trump’s crypto portfolio is managed by an investment firm named MAGA Inc., which is focused on investing in promising ventures that align with the former president’s vision for America’s economic revitalization.

Earlier this year, the investment firm announced the creation of a special purpose vehicle (SPV) to invest in promising ventures.

Among the institutions that participated in this SPV initiative was an Israeli fintech startup known as Paytomat, which develops technology for cryptocurrency payments.

Announcing the integration of Ripple’s XRP, MAGA Inc. stated:

“We are excited to announce that MAGA Inc. has completed its investment in Ripple (XRP). This investment is a testament to our commitment to investing in cutting-edge technologies that can transform industries and create value for our investors.”

The investment firm went on to add that it is an “avid supporter” of President Trump’s vision for making America great again.

It was previously reported that Trump’s crypto portfolio is managed by an investment firm that is focused on investing in promising ventures.

What’s Next For XRP Price Following Recent Developments?

As the dust settles on the recent news about President Trump’s crypto reserve addition and the ongoing case between the SEC and Ripple, the price of XRP has shown a remarkable surge.

After a stellar run-up from the $0.35 level in January 2024 to a high of $2.50 in March 2024, the price of XRP has encountered some resistance at this key resistance level.

However, with the news of Trump’s crypto reserve addition and speculation about the SEC case nearing its end, the price of XRP has seen another stellar move.

In the past week alone, the price of XRP has surged even further, pushing it to the next key resistance level at $3.

At the time of writing, the price of XRP is trading at $2.30, according to data from Benzinga Pro. As the price of XRP continues to climb, traders are now turning their attention to the next key price milestone that could be reached by the crypto.

Those who are bullish on the price of XRP believe that it could rise even further from here, especially with the recent news about institutional support for the crypto increasing.

Some traders believe that the price of XRP could reach $3 or even $4 in the short-to-intermediate term.

However, some crypto traders remain skeptical about the price of XRP rising any further from here. They believe that the recent price surge is a bear market rally and that the price of XRP will soon pull back.

Only time will tell what the next move for the price of XRP will be. However, with the price of XRP showing no signs of slowing down and the crypto market heating up once again, it is sure to be an interesting few months ahead for traders.

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