XRP has surged by 30% in just five days, continuing its meteoric rise over the last six months with an impressive 492% increase. This explosive growth comes amid rumours that Donald Trump's incoming administration could establish a U.S. cryptocurrency reserve, potentially focusing on U.S.-backed assets like XRP and Solana.
Bitcoin has also seen massive gains, now nearing $100,000, with the combined market value of cryptocurrencies almost hitting $4 trillion. The speculated plans for a crypto reserve have fuelled investor excitement, sending XRP's value soaring as traders bet on the inclusion of the token in a future U.S. policy shift.
As the market braces for further developments, many are watching closely to see if the rumoured policy will solidify, and how it could impact the broader crypto space. XRP’s recent performance signals that the token may play a significant role in the growing U.S. crypto ecosystem, making it a key player for traders looking to capitalise on the sector’s rapid evolution.
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Disclaimer
Not financial or tax advice. No content produced by Pluto is financial, accounting, legal or tax advice. Our content is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This article is not tax advice. Talk to your accountant. Do your own research. The performance of most cryptoassets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in cryptoassets.
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