NAIROBI (CoinChapter.com) — The cryptocurrency market is buzzing after U.S. President Donald Trump announced the inclusion of XRP, Cardano (ADA), and Shiba Inu (SHIB) in the newly established U.S. Crypto Strategic Reserve.
XRP’s Shockwave: Is $5 the Next Target After Trump’s Crypto Bombshell?
XRP’s price explosion has sent traders scrambling after U.S. President Donald Trump included the token in the national crypto reserve. The sudden move pushed XRP to nearly $3 before settling around $2.78. With traders eyeing further gains, analysts suggest the token could be heading for a breakout past $5.
EGRAG CRYPTO, a well-known market analyst, noted that XRP has completed Wave 1 and Wave 2 of a bullish Elliott Wave structure. If Wave 3 follows the expected trajectory, XRP could see another leg up, challenging key resistance levels.
Despite the rally, Bitcoin maximalists have pushed back against XRP’s inclusion. Economist Peter Schiff questioned why the U.S. would hold XRP reserves, arguing that only Bitcoin, often called “digital gold,” should be in the mix. Ripple CEO Brad Garlinghouse responded by defending XRP’s global adoption and use in cross-border payments.
Technical indicators show XRP has broken out of a descending wedge, a bullish formation that suggests momentum could push the price higher. The next resistance sits near $3.50, with some analysts predicting a potential rally toward $5 if buying pressure remains strong.
However, overbought signals on the RSI suggest a pullback could happen before the next major move.
Cardano Breaks $1 as Institutional Interest Grows
ADA’s dramatic price jump to $1.20 followed a surge in trading volume, which spiked 577% to nearly $4 billion. The rally is fueled by expectations that the U.S. government’s involvement could bring more institutional interest to the blockchain.
Meanwhile, Cardano founder Charles Hoskinson defended XRP’s inclusion in the reserve, calling it “a global standard” with strong community backing. On-chain data also indicates that Cardano’s liquidity is improving, making it more attractive for large-scale investors.
Additionally, Grayscale’s ongoing Cardano ETF application with the SEC has heightened speculation that ADA could soon see institutional inflows, further supporting its bullish outlook.
Ali Martinez, a well-known analyst, called ADA’s current position a “make-or-break” moment, with $1.20 as the key level for confirming further upside. Additionally, whale activity shows nearly 200 million ADA tokens were accumulated in the last 24 hours, adding to the bullish momentum.
SHIB’s March Gamble: Breakout or Breakdown?
Shiba Inu (SHIB) is hovering around $0.0000145, struggling between a potential breakout and further decline. While the meme coin has posted strong March performances in the past, its history of inconsistent price action keeps traders cautious.
On average, SHIB has returned 33.7% in March, but the median return of -0.45% suggests gains are far from guaranteed. Last year, the token surged 145%, but previous Marches saw modest gains of 0.43% or declines as steep as -9.65%.
A break above $0.00001707 could push SHIB toward $0.00002045, while failure to hold support may send it back to $0.00001100. With high volatility expected, traders remain split on whether March will bring another rally or another letdown.
Conclusion
The inclusion of XRP, ADA, and SHIB in the U.S. Crypto Strategic Reserve has intensified market speculation, driving sharp price movements. XRP’s rally is fueled by hopes of a lawsuit resolution, ADA’s gains reflect institutional optimism, and SHIB faces a test of its historical March performance.
