The announcement by the U.S. President Donald Trump regarding the inclusion of XRP, Solana (SOL), Cardano (ADA), Bitcoin (BTC), and Ethereum (ETH) in a proposed U.S. strategic crypto reserve serves as a significant endorsement for these cryptocurrencies. This move is seen as a vote of confidence by the U.S. government, which could lead to increased institutional adoption and mainstream acceptance of these digital assets.
In a video titled “XRP EMERGENCY NEWS! XRP to $5.00 Because of TRUMP Crypto Reserve,” cryptocurrency influencer Oscar Ramos shares this development with his community of over 100 thousand YouTube subscribers. His enthusiastic breakdown of the announcement has captivated the attention of crypto enthusiasts across the platform.
Trump’s Crypto Strategic Reserve Plan
According to Ramos’ video, Trump announced plans for a U.S. Crypto Strategic Reserve through Truth Social. This initiative would reportedly “elevate this critical industry after years of corrupt attacks by the Biden administration.” The presidential executive order supposedly directed a working group to establish a crypto reserve featuring several major digital currencies.
“I will make sure the US is the crypto capital of the world. We’re making America great again,” Trump was quoted as saying in the video.
XRP Price Movement and Market Response
The market reaction was swift and dramatic, according to Ramos. He excitedly reports that XRP price jumped from around $1.90 to approximately $2.80 shortly after the announcement, representing nearly a 50% increase. Other cryptocurrencies also saw significant gains:
“60% it was, 70% for Cardano. It was 35% plus on XRP,” Ramos states in his video, also noting positive movements for IOTA, Solana, and even Trump Coin.
For many investors who had purchased during recent dips, this represented a rapid and welcome recovery. Ramos himself claims to have bought XRP in the $1.90 range before witnessing the jump to $2.80.
Industry Leaders’ Reactions
The video references statements from key figures in the cryptocurrency space. Brad Garlinghouse, CEO of Ripple, reportedly expressed appreciation for “the Crypto President Trump visions on the government digital asset reserve.” Garlinghouse emphasized the importance of the industry working collaboratively rather than engaging in maximalism.
Read Also: How Much Ripple (XRP) Tokens Do You Need to Retire?
Tech investor David Sacks was also mentioned as confirming Trump’s announcement about the Crypto Strategic Reserve, suggesting this aligns with the president’s previously stated intentions to make the U.S. a global crypto leader.
Authenticity Questions Emerge
Interestingly, Ramos appears to question the authenticity of some information himself during the video. At one point, he states: “This is fake. This is not real, based on what my research and my common sense says.” This creates a somewhat contradictory narrative as he simultaneously promotes excitement about the news while expressing doubts about its validity.
Beyond the immediate price impact, Ramos suggests broader positive developments could be forthcoming. He speculates that the SEC might drop its case against Ripple, which would remove a significant regulatory cloud that has hung over XRP for years. Such a development would indeed be “majestic for the price of cryptocurrency and XRP,” as Ramos puts it.
Is XRP Price Going to $5?
Following the news, the XRP price saw around a 35% spike. However, it has been in the red so far today as it retests broken resistances.
For XRP to have a chance to reach $5, it first needs to break out of the current consolidation. A breakout above the $3.3 resistance could see the price rise to the psychological resistance at around $4 and then to $5.
