Donald Trump recently reaffirmed his plan to form a U.S. Crypto Reserve as part of his broader push to “Make America Great Again.”
He mentioned that the Executive Order on Digital Assets directs the Presidential Working Group to create a Crypto Strategic Reserve that includes XRP, Solana (SOL), and Cardano (ADA) alongside Bitcoin (BTC) and Ethereum (ETH).
This set off a wave of bullish enthusiasm across multiple altcoins. XRP was no exception, surging nearly 30% on March 2 before reversing from the $3 resistance level.
Here’s what the announcement means for XRP, whether now is the right time to buy it, and which other altcoins are also rising amid renewed investor optimism.
Should you buy XRP now?
The news that XRP would be part of an upcoming U.S. Strategic Crypto Reserve briefly caused its price to spike 30% before cooling off.
Some are racing to get in before another potential spike, while others worry about jumping into a heated rally.
Is this the start of an extended bull run or just a short-lived spike?
While the Trump announcement is bullish, keep in mind that Ripple recently unlocked 1 billion XRP from escrow, releasing it in two transactions of 500 million each. Ripple re-locked 700 million, but the net addition to circulating supply could still impact the price.
On X, @vincent_vancode warned that the market could see a pullback while the 32% pump is encouraging. He said, “The REAL price move will happen when real scarcity hits.”
He speculated the U.S. might even consider Ripple’s escrow part of the Crypto Reserve. If that happens, it might reduce concerns about oversupply and add further upward pressure to XRP’s value.
Another reason for XRP’s newfound momentum is the more lenient regulatory environment. The SEC dropped its lawsuit against Coinbase, a move that’s widely seen as a “softening” approach to crypto rules.
This shift could favor Ripple, which has been stuck in a high-profile SEC lawsuit over whether XRP is a security. If Ripple’s legal case ends similarly, it could open the door for institutional investors to step in and push XRP’s price even higher.
Top Altcoins to Watch Alongside XRP
While XRP’s short-term future was tied to multiple factors, many investors are turning to other high-potential altcoins that could benefit from renewed investor enthusiasm.
Here are three promising candidates:
Best Wallet Token
Best Wallet Token ($BEST) is a top altcoin to watch, native to the leading self-custody wallet, Best Wallet. The BEST token presale raised over $10.7 million in its ongoing presale. This milestone comes as the recent $1.4 billion ETH hack on Bybit highlights the vulnerability of centralized exchanges.
Best Wallet offers a truly non-custodial model, allowing users to fully control their crypto without relying on third parties.
A key strength of Best Wallet lies in its user-friendly interface and high-security measures, which have helped it gain over 500,000 users since launching less than a year ago.
BEST token holders receive benefits such as lower transaction fees across the Best Wallet ecosystem, governance rights, and high staking rewards.
Before the next price increase, you can buy BEST for just $0.0242 in the current presale stage.
Best Wallet’s support for 200+ decentralized protocols and 20 cross-chain bridges ensures seamless transactions across different blockchains at low fees.
The wallet provides unique functionality through its Upcoming Tokens feature, which identifies promising early-stage crypto projects. Some recent examples include Pepe Unchained ($PEPU) and Catslap ($SLAP).
You can stake BEST tokens to earn a high staking APY of up to 150%.
Visit Best Wallet Token Presale
Ethereum
Ethereum was among the top assets impacted when ByBit lost $1.5 billion in a major hack, but the subsequent repurchase by ByBit eased the sell-off’s impact.
The Trump-led Crypto Strategic Reserve news lifted most major coins, with ETH briefly spiking toward $2,500 on Sunday.
ETH could not break above its key resistance at around $2,500, so it’s too early to say if it has entered the bullish phase yet.
However, many investors are now particularly looking forward to the “Pectra” upgrade, scheduled for March 5. This upgrade will make Ethereum more efficient and scalable, addressing some significant issues Ethereum has been grappling with lately.
Ethereum’s broader ecosystem also remains a key driver of DeFi and NFTs, both integral parts of the crypto space. If the U.S. adds Ethereum to a formal strategic reserve, we could see a wave of new capital inflows.
Chainlink
Chainlink ($LINK) addresses the “Oracle problem” by allowing smart contracts to securely interact with real-world data, APIs, and traditional banking systems.
It’s worth noting that World Liberty Financial, a DeFi protocol inspired by President Donald Trump, adopted Chainlink’s tech to improve its ecosystem. This collaboration shows Chainlink’s crucial role in providing secure and reliable data for DeFi platforms.
While Chainlink was not explicitly mentioned in Trump’s recent Crypto Reserve announcement, its strong partnerships position it as a potential candidate for future inclusion.
Chainlink’s technology supports various sectors, including DeFi, gaming, and NFTs, by providing reliable data feeds and verifiable randomness, which is crucial for dApps.
LINK was trading around 70% below its all-time high, with a high upside potential if it gets included in the crypto reserve.
The LINK token fuels the network’s activity, rewarding node operators for providing accurate data. The introduction of staking mechanisms further improves network security and rewards participants, building a sustainable economic ecosystem.