Key Points
- ADA, SOL, and XRP prices dipped earlier today, before a rebound.
- The market is uncertain about what to expect from the coins’ trajectories despite US Crypto Reserve inclusion.
Cardano (ADA), Solana (SOL), and XRP recorded intense volatility recently, despite being mentioned in relation to the US Crypto Reserve by the US President, Donald Trump on March 2.
The market is uncertain about their future, while JP Morgan analysts believe that their inclusion in the US Crypto Reserve would be difficult, but the teams behind the projects continue to build and support the ecosystem.
ADA, SOL, XRP Prices Surged Following Earlier Dip
XRP Price Trajectory Today
Earlier, XRP was trading at $2.6, before its price dropped to over $2.39, seeing a decline of over 7% in a short amount of time. However, since then, XRP’s price climbed to $2.54 levels.
SOL Price Trajectory Today
Earlier, the SOL price also dropped from $144 to around $135, selling a 6$ price decline before a rebound. SOL surged to $145, before trading at current levels of $144 after a surge of over 3%.
ADA Price Trajectory Today
Earlier, ADA’s price dropped from $0.91 to $0.82, recording a 9% price decline. After that, ADA price rebounded above $0.88, seeing a surge of over 4%.
What’s Next for ADA, XRP, and SOL?
All three coins recorded price volatility recently, amidst market uncertainty. JPMorgan analysts recently stated that they see a less than 50% chance of the US Strategic Crypto Reserve gaining approval.
They also highlighted that XRP, ADA, and SOL’s addition into such a reserve would be challenging due to concerns over risk and volatility.
However, despite analysts’ predictions, Trump held his promise of establishing a Strategic Crypto Reserve in the US and yesterday, the official Executive Order was signed.
Considering that Trump’s first three choices to be added to the Reserve were ADA, SOL, and XRP, there’s no reason to doubt their addition, especially since the projects continue building in the ecosystem and supporting adoption.
Today is a big day for the crypto industry with Trump expected to host a Crypto Summit during which important names in the ecosystem will discuss relevant matters, potentially including more details about the US Bitcoin Reserve and the Digital Asset Stockpile.
