The XRP army scored a major win

The XRP price surged by nearly 38% following the announcement, monetarily trading above $3 as well.

The XRP army scored a major win on Sunday after Donald Trump announced its inclusion in the US crypto strategic reserve.

After a nearly 38% surge in the XRP price following the announcement, monetarily pushed the token above the $3 mark.

However, the price is already down by over 22%, trading at $2.33 at press time. This is partly due to the pushback that the Trump administration is facing for XRP’s inclusion in the Reserve. Trump’s trade war is also contributing to the decline.

It is also uncertain whether XRP will maintain its position in the Reserve, especially if Trump’s plan requires congressional approval.

XRP, Trump Face Backlash For Crypto Strategic Reserve Inclusion

Donald Trump took to Trurth Social on Sunday to announce his long-promised Crypto Strategic Reserve. Besides Bitcoin and Ethereum, his proposal includes creating a stockpile of US-based assets like XRP, Solana and Cardano.

However, the inclusion of altcoins is receiving major pushback from industry insiders, including several crypto billionaires.

For instance, Gemini co-founder Tyler Winklevoss states that XRP, ADA and SOL are not suitable for the Reserve, even though they have the right to exist and are listed on Gemini for trading.

Coinbase CEO Brian Armstrong isn’t a fan of including altcoins in the Reserve. He prefers just BTC or a market cap-weighted index of assets for variety.

Noted crypto critic Peter Schiff also ridiculed Trump’s proposal, suggesting that the Reserve may as well include Fartcoin. He did, however, accept the rationale of a Strategic Bitcoin Reserve, to the surprise of many.

Several Trump supporters from within the industry are also not a fan of the move. For instance, Ryan Selkis, David Bailey, Nic Carter and Jason Calacanis have all criticized the Trump administration, despite being supporters of his Presidency.

In particular, XRP is being viewed as a highly centralized asset, considering Ripple owns a significant percentage of the token supply. Prominent philosopher-investor Naval Ravikanth took a dig at centralized assets, claiming that US taxpayers shouldn’t be treated as exit liquidity for such altcoins.

Could XRP Be Removed From The List of Acceptable Tokens?

It is unclear how a Crypto Strategic Reserve would work. For instance, if the plan requires Congressional approval, the altcoins may be excluded to get the legislative body on board.

Trump’s crypto czar, David Sacks, recently revealed that the proposal wouldn’t require a tax or spending program.

Further details will be revealed at the White House Crypto Summit on March 7th. Analysts are already concerned that it could prove to be a sell-the-news event.

The XRP price is already under significant selling pressure, driven by the aforementioned backlash and Trump’s escalating trade war.

If the broader market uncertainty continues, it could fall below the $2 mark in the coming weeks, potentially forming a bottom at $1.65.

Best Crypto To Buy Now

Quite simply, Bitcoin is the best crypto to buy right now. It is the one asset that will be included in a potential Strategic Reserve.

There is also a growing consensus that the crypto bull market isn’t over and that the BTC price will hit $150k in 2025.

BTC-themed altcoins are also viewed as beta bets. For instance, a new meme coin, BTC Bull, has raised over $3 million in its ICO, largely driven by its promise of free Bitcoin.

The project promises BTC airdrops, token burns and BTCBULL airdrops when the Bitcoin price hits set milestones. A $125K token burn event and a $150K BTC airdrop are scheduled, both of which could be triggered instantly if the Crypto Strategic Reserve gains Congressional approval.

Unsurprisingly, the unique meme coin is in high demand, with many viewing it as the next 100x crypto.

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