Trump’s Strategic Crypto Reserve Plan Sparks XRP, SOL, ADA Surge
U.S. President Donald Trump’s latest crypto initiative—a national strategic reserve including XRP, Solana (SOL), and Cardano (ADA)—sent these assets soaring up to 60% on Sunday. However, investors remain cautious, awaiting more concrete details before fully embracing the bullish momentum.
Crypto Markets React to Trump’s Announcement
Trump took to Truth Social late Sunday, revealing that XRP, SOL, and ADA would be part of a U.S. strategic crypto reserve, later expanding the list to include Bitcoin (BTC) and Ethereum (ETH). This announcement triggered an immediate market rally, pushing:
- Bitcoin (BTC) up 6.5% to surpass $93,000
- The broader CoinDesk 20 (CD20) market index up 7%
- Chainlink (LINK), Uniswap (UNI), and Movement (MOVE) up 8%, due to their ties with Trump-backed World Liberty Financial
Despite the excitement, some traders warn that a correction could follow, as markets evaluate the legal feasibility of such a reserve.
Legal and Market Uncertainty Remain
While the announcement fueled optimism, experts highlight regulatory hurdles that could limit the plan’s execution. Kevin Guo, director of HashKey Research, pointed out that Federal Reserve Chairman Jerome Powell stated that the U.S. central bank cannot hold a Bitcoin reserve, raising questions about how Trump’s initiative would work legally.
“We expect short-term corrections as investors assess the legal framework for a crypto reserve,” Guo said.
Crypto Summit on March 7: Key Details Awaited
Trump is set to host the first-ever White House Crypto Summit on March 7, where he is expected to outline his administration’s stance on crypto regulations and provide further clarity on the strategic reserve plan.
According to Chris Yu, CEO of SignalPlus, investors are closely monitoring U.S.-traded crypto ETF inflows. If ETF investments rebound after last week’s record outflows, it could signal a bottoming-out of the market and a continuation of the bull run.
What’s Next for the Crypto Market?
While Trump’s crypto-friendly stance has sparked renewed enthusiasm, the market remains volatile. Analysts predict that:
- The next major price movement will likely depend on ETF inflows and regulatory updates
- The March 7 Crypto Summit will be a key event for determining whether this rally is sustainable
- Any legal obstacles to the strategic reserve plan could reverse the bullish trend
As excitement builds ahead of the Crypto Summit, traders are advised to stay cautious amid ongoing regulatory uncertainty.
