XRP price surges on speculation of inclusion in U.S. crypto reserve
The XRP token saw a significant price increase on Thursday following a New York Post report suggesting that President-elect Donald Trump was "receptive" to including non-Bitcoin American cryptocurrencies, such as XRP and Solana (SOL), in a proposed national crypto reserve.
However, Unchained, citing two sources, reported that the market-driving rumor surrounding XRP might be inaccurate.
On Thursday, XRP’s price surged 10% within 24 hours, reaching a seven-year high of $3.40, while Solana’s SOL token rose by more than 5% to $213. The rumors pushed XRP to become one of the most traded tokens by volume on major crypto exchanges.
Speculation fuels market activity
The New York Post claimed Trump was considering an “America-first” crypto reserve that would include U.S.-based cryptocurrencies. Ripple CEO Brad Garlinghouse reportedly urged Trump to diversify beyond Bitcoin (BTC), with Ripple’s Communications Director Susan Hendrick confirming the outreach. However, Hendrick did not comment on whether Trump was receptive to the proposal.
Some industry insiders questioned the validity of the report. Jake Ostrovskis, an OTC trader at Wintermute, attributed XRP’s price spike to speculation about potential policy shifts under the Trump administration. “Traders are betting on the asset’s inclusion in a strategic reserve,” Ostrovskis remarked.
Rumors and ripple’s role
Sources suggested that the New York Post report might stem from a “self-serving” rumor spread by Ripple Labs. Ripple, the creator of XRP Ledger, has faced scrutiny for its political connections, including donations by co-founder Chris Larsen to PACs supporting Kamala Harris. Hendrick denied these claims, calling them “completely false.”
Adding to the intrigue, Axios reported that Trump had allegedly criticized unnamed company representatives for their lack of prior support. Two sources identified the company as Ripple, though Axios did not explicitly name it. Ripple later denied the allegations.
XRP in focus amid SEC appeal
The speculation emerged as the U.S. Securities and Exchange Commission (SEC) filed an appeal against Ripple Labs, challenging a 2023 ruling that sales of XRP on exchanges did not constitute investment contracts. The legal battle has amplified interest in XRP, which accounted for nearly 30% of Coinbase’s trading volume on Thursday, totaling $2 billion. On Binance, XRP trading volume reached $3.8 billion.
Market outlook
While XRP’s price surge highlights its market relevance, the combination of rumors, regulatory developments, and political speculation has created a complex trading environment. Whether XRP will be included in a U.S. crypto reserve remains uncertain, but the discussion has spotlighted its potential role in shaping the digital asset ecosystem.
Notably, in 2025, XRP surpassed USDT (Tether) to become the third-largest cryptocurrency by market capitalization.
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