XRP and Trump’s Influence: How a Single Tweet Boosted the Crypto Market by 9%

According to recent data from CoinGecko, the overall cryptocurrency market capitalization witnessed a significant rebound of 9%, reaching approximately $3.254 trillion. This increase was notably influenced by remarks made by former President Trump, who discussed plans to enhance the U.S. cryptocurrency framework. In an announcement, Trump revealed intentions to direct the President’s Working Group to develop a comprehensive cryptocurrency reserve strategy, which would incorporate prominent assets such as XRP, SOL, and ADA. This initiative aims to position the United States as the global leader in the cryptocurrency landscape. Furthermore, it is expected that the foundational pillars of this reserve strategy will focus heavily on Bitcoin and Ethereum, along with other key altcoins, thereby solidifying their importance within the evolving digital economy.