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Garlinghouse emphasized that establishing a strategic reserve based on XRP could significantly enhance the economic resilience of the U.S.. He pointed out that such an initiative would allow the government to leverage blockchain technology for financial optimization and increased transaction transparency.
In the face of global economic uncertainty, Ripple sees digital assets as a foundation for the future financial system. While Trump's stance remains uncertain, the meeting sparked interest among crypto industry experts. Many believe that endorsement from high-profile figures could serve as a catalyst for broader governmental adoption of cryptocurrency technologies.
However, many questions remain about how this idea would be implemented and what steps the administration might take if it decides to pursue this initiative.
Not all leading experts support this idea. VanEck recently stated that Bitcoin (BTC) is the only cryptocurrency suitable for the U.S. reserve, arguing that it is fundamentally different from all other digital assets.
According to VanEck analysts, Bitcoin's uniqueness lies in its limited supply and decentralized nature, making it more resistant to inflation than other cryptocurrencies. Additionally, Bitcoin's immunity to manipulation has strengthened trust among institutional investors.
Moreover, Bitcoin enjoys unmatched liquidity, which secures its dominant position in the market. Meanwhile, many altcoins, including Ripple (XRP), could remain vulnerable in comparison to Bitcoin's superior position.
Buyers are currently targeting a return to the $103,000 level, which opens a direct path to $104,400, and from there, it is just a short step to $105,900. The ultimate target is the $107,400 level, a breakout above which would signal a return to a medium-term bullish market.
In the event of a Bitcoin correction, I expect buyers to emerge around $101,250. A drop below this level could quickly push BTC down to $99,500, bringing it closer to the $97,900 mark. The lowest target would be around $96,400.
A clear consolidation above $3161 paves the way for a move to $3220, and from there, a push to $3264 is within reach. The ultimate target is the yearly high around $3314, a breakout above which would confirm a return to the medium-term bullish market.
In case of an Ethereum correction, I expect buyers to appear near $3106. A drop below this level could quickly send ETH towards $3056, with the final target at $2997.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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