While the week following President Trump’s announcement of the upcoming crypto strategic reserve helped Bitcoin (BTC) and leading altcoins make gains, most tokens are seeing a correction today.
Among the top five cryptocurrencies, BNB (BNB) saw the lowest drop, while Ethereum (ETH) dipped by 4.91%. XRP (XRP) is down only 1.37% today, but Ripple’s token outperformed all other leading altcoins over the week, reflecting its strength and potential for a further surge.
Many analysts are bullish on XRP, with some suggesting its price could surpass $30 this year.
XRP’s Inclusion in Trump’s Crypto Reserve and Potential SEC vs Ripple Case End Pave the Way for Its Soar
After trading between the $0.3 and $0.7 levels for over two years, XRP saw a major breakout in November 2024, following the election of Trump’s pro-crypto government that promised it would replace Gary Gensler as the SEC’s chairman.
The replacement meant the SEC would take a more pro-crypto stance, fueling XRP’s community’s bullish sentiment and helping XRP go beyond the $3 mark in early 2025.
Although the token dropped in value since, reaching $2 on February 28th, the news of its inclusion in Trump’s planned crypto strategic reserve saw its price shoot up to $2.9 on March 3rd, with whales buying over 1 billion XRP 24 hours after the announcement, according to Ali, a charts analyst.
The market-wide correction that followed led to its current price of $2.54, but Jeremy Hogan, an attorney who’s closely following the SEC vs Ripple case, believes XRP is preparing to explode as he anticipates the lawsuit will be resolved by May.
Let’s aim even higher: “XRP TO MARS” https://t.co/OepiHq54jw
— Jeremy Hogan (@attorneyjeremy1) March 2, 2025
Crypto expert CrediBULL Crypto believes the bullish market sentiment surrounding the upcoming crypto strategic reserve and the nearing resolution of the SEC vs Ripple case is positioning XRP to skyrocket.
The expert anticipates XRP will effortlessly climb to the $20 level in the long term, predicting a further soar to $30 if it manages to push past the expected resistance. He believes Bitcoin will reach approximately $160,000 in the same period, which would send the broader market into a frenzy.
XRP’s technical indicators support these claims, as its long/short ratio over the past 24 hours stands at 2.16, reflecting investor confidence in XRP’s short-term growth. Meanwhile, its current price of $2.54 is well above its 200-day Simple Moving Average of $1.55, signaling long-term growth potential.
Solaxy Could Capitalize on the Market-Wide Boom With Upcoming Layer 2 for Solana
XRP isn’t the only altcoin traders are bullish on; Solaxy is another token that’s generating bullish forecasts.
Solaxy seeks to join the meme coin market as more than just another Pepe-inspired token, as it is currently developing a Layer 2 blockchain that aims to help Solana deal with its congestion issues.
Leveraging rollups, a system that would see the Solaxy Layer 2 network bundle and process transactions off-chain, Solaxy’s efforts in improving Solana’s scalability could result in faster transactions and lower gas fees for investors.
SOLX currently costs $0.001656 each, and investors can buy it via the presale website using ETH, SOL, USDT, or a traditional bank card. However, that price isn’t here to stay, as the presale follows a dynamic pricing model.
Alternatively, SOLX is available via Best Wallet’s “Upcoming Tokens” hub, which also lets investors purchase the token using BNB. Previously, Best Wallet featured Pepe Unchained (PEPU), a project that developed a Layer 2 solution for Ethereum and saw its price soar by over 700% just 48 hours after its first DEX listings, paving the way for projects like Solaxy.
Meme coin analyst Austin Hilton, impressed by Solaxy’s early presale success and a community that already has over 79,900, believes Solaxy is poised to explode on launch.
The analyst urges his followers to enter the presale while the entry point is low, as it will only keep rising as the presale progresses through stages. Plus, he highlighted the project’s 162% staking APY as an excellent opportunity to earn more SOLX passively.
Besides early adoption and community growth, the Solaxy presale also impresses with its robust security. The project’s smart contract has been audited by Coinsult, which found no threats to investor funds.
With just two days until its per-token price increases, and the final presale stage fast-approaching, now’s the best time to start accumulating SOLX.
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