Donald Trump's rumored plan for a US-focused crypto reserve featuring XRP, Solana, and USDC fuels optimism in the market. The SEC's appeal against Ripple's victory in its case against the agency, however, sparks mixed reactions. Despite the appeal, XRP continues its upward trend, potentially reaching new all-time highs.
Donald Trump seeks to create a crypto reserve prioritizing assets made in the US, such as XRP , Solana and USDC. The SEC appealed Judge Analisa Torres' ruling in its case against Ripple, inciting heavy criticism from the crypto community. XRP eyes a new all-time high above $3.55 after sustaining an uptrend above the resistance near the $3.00 psychological level.
With this rise, we have just seen 2,365 $100K+ XRP transactions in the latest 8-hour span, the highest spike since December 34rd. Total holders are also skyrocketing. pic.twitter.com/gtaRp0NPn9 — Santiment January 16, 2025 XRP's open interest has continued to climb to new highs alongside its price, reaching an all-time high of 2.34 billion XRP on December 16. This is over a 160% rise from its lows of 880 million XRP on December 21 following the holiday season. XRP Open Interest.
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