XRP Surge Potential Hinges on US Gov Disclosure News Today
The post XRP Surge Potential Hinges on US Gov Disclosure News Today appeared on BitcoinEthereumNews.com.
US Gov crypto holdings disclosure expected today (Apr 5); XRP/SOL/ADA inclusion watched Disclosure follows Trump’s ‘strategic reserve’ plan that previously boosted XRP 33% XRP technical analysis shows key support near $1.77 ahead of potential news catalyst The U.S. Treasury Department and other federal agencies are expected to disclose their Bitcoin and cryptocurrency holdings later today, April 5th. Anticipation centers on whether major altcoins like XRP, Solana (SOL), and Cardano (ADA) are included, validating President Trump’s previously announced plan for a “digital asset stockpile.” Arkham Intelligence data indicates the US Government already holds approximately 198,012 Bitcoin (~$16 billion). Disclosure Follows Trump’s ‘Strategic Crypto Reserve’ Plan President Trump’s earlier directive outlined a reserve including Bitcoin, Ethereum, XRP, Solana, and Cardano. That initial announcement significantly helped the market, fueling a 33% surge in XRP’s price. While XRP has since pulled back, dipping below $3 in February and now testing around $2 most recently, analysts suggest today’s confirmation could serve as another major catalyst. April 5th (this Saturday) the USA must complete a full audit of the nation’s bitcoin holdings. Depending on what we learn, might answer many of the open questions about the recent price action. — David Bailey🇵🇷 $1.0mm/btc is the floor (@DavidFBailey) March 31, 2025 Related: Top Trader Maps XRP Dip to $1.80, Then $5 Rally XRP Technical Analysis: Key Levels Before Potential Catalyst According to analysis, XRP price is at a critical juncture. XRP is currently trading sideways, forming a potential triangle pattern on the daily chart. It’s still unclear whether this is part of a triangle or a larger wave structure and the key support level to watch is around $1.21. As long as XRP holds above this level, the bullish trend remains valid. If the price drops below $1.77, it could confirm a move lower toward the $1.20–$1.50…
Filed under: News - @ April 5, 2025 12:22 pm