- XRP must stay above $170 to avoid decline, analysts warn of 10%-15% shakeout.
- Ripple pushes for XRP in US reserve amid Bitcoin advocates’ opposition.
- Diversified digital reserves could Include XRP, Solana, and USDC.
XRP’s market dynamics have sparked significant attention following price fluctuations and evolving discussions about its potential inclusion in the US Strategic Reserve. Recent updates highlight key support levels for XRP and a broader debate surrounding the role of digital assets in national reserves.
Analysts like Egrag Crypto emphasize that XRP should maintain support above $170, warning of a potential 10%-15% decline if breached. At the same time, speculation grows around its strategic significance, fueled by regulatory initiatives and industry advocacy.
XRP Faces Technical and Strategic Crossroads
Egrag Crypto’s analysis stresses the importance of XRP holding above the $170 mark to avoid further market setbacks. Priced at $3.17, as of press time, XRP has seen a modest 1.04% increase over 24 hours, with a trading volume exceeding $8.9 billion.
Analysts believe the cryptocurrency may face temporary turbulence but retain long-term potential. This technical outlook aligns with growing speculation about XRP’s strategic importance amid ongoing regulatory discussions.
Ripple’s Push for XRP in National Reserves
Ripple CEO Brad Garlinghouse has been actively advocating for a diversified digital asset reserve that includes XRP. Discussions about XRP’s inclusion intensified after President Donald Trump’s executive order proposed a “digital assets stockpile.” This initiative, introduced early in his presidency, aims to establish a federal framework for digital assets and assess their role in a strategic reserve.
While Bitcoin remains the primary focus, recent speculation suggests XRP and other American-origin assets like Solana and USDC may also be considered. Garlinghouse argues that a diversified reserve supports innovation and strengthens national security. He believes Ripple’s engagement with policymakers enhances the likelihood of creating a broader reserve.
Debate Over Bitcoin-Only Reserve
However, Bitcoin advocates like Pierre Rochard of Riot Platforms oppose XRP’s inclusion. Rochard alleges that Ripple’s lobbying efforts undermine a Bitcoin-focused reserve by promoting central bank digital currencies (CBDCs) linked to Ripple’s platform.
He claims this approach contradicts Trump’s initial anti-CBDC stance. Despite these allegations, Ripple’s support for diversification continues to gain traction, with industry figures like Scott Melker speculating about a mixed-asset reserve.