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International Business Times UK

Niloy Chakrabarti

XRP Prices Surge Over 30% After Leak of Trump's America-First Strategic Reserve Plans and ETF Buzz

IRS Ripple Donald Trump XRP America ETF SEC Bitcoin

Trump's appointment of crypto-friendly officials could mean a better outcome for the years-long legal battle between Ripple and the US SEC. (Credit: Pixabay)

Ripple's XRP cryptocurrency prices surged almost 30% in the past five days to trade at £2.67 ($3.25) per token on 17th January, breaking past major resistance levels and reaching an all-time high of £2.76 ($3.36).

A leak reported by the New York Post revealed that the incoming Trump Administration could create a more expansive crypto reserve called the "America-first strategic reserve" that would prioritise cryptocurrencies like Ripple's XRP to facilitate cross-border payments, Solana, and the widely supported USDC stablecoin issued by Circle.

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