Following Donald Trump’s most recent declaration on a U.S. Crypto Strategic Reserve, multiple altcoins are surpassing Bitcoin in the remarkably upward trend of the bitcoin market. Altcoins such as Cardano (ADA), Solana (SOL), and XRP showed notable increases as Bitcoin (BTC) shot beyond the $90,000 mark, therefore indicating fresh investor confidence in digital assets.
ADA, SOL, and XRP: Outperform the Market
Rising over 43% in 24 hours to trade above $0.95, Cardano’s ADA turned out to be the largest winner among the top 100 cryptocurrencies. Following suit, Solana (SOL) rose about 12% while XRP surged over 15%, surpassing the 7.3% intraday advance of Bitcoin.
Trump’s order stressing the inclusion of ADA, SOL, and XRP in the U.S. crypto reserve set the stage for the rise. This suggests, according to market analysts, a possible change in government perceptions of digital assets apart from Bitcoin and Ethereum.
Reactions of the Market and Analyst Views
Co-founder of RedStone, a blockchain oracle provider, Marcin Kazmierczak blamed Trump’s support for the explosion. Supported by outstanding community support, ADA and XRP are attracting more retail investors into the market, he underlined.
Juan Pellicer, a senior research analyst at IntoTheBlock, also suggested that this could mark a significant shift for altcoins. “This is the first time particular altcoins have been highlighted, indicating a larger strategy beyond Bitcoin, even while the idea of a national crypto reserve has been floated before,” he said.
The Feb 7 washout pushed 24% of the Top 200 to 365-day lows—the highest since Aug 5, 2024 (28%), which marked last year’s pullback low. In bear markets, >30% readings are common before capitulation. The question: are we in a bear or bull market? pic.twitter.com/fhX3Qt0Nyx
— Jamie Coutts CMT (@Jamie1Coutts) February 19, 2025
Prospects Ahead for ADA, SOL, and XRP
Technical signs point to possible short-term losses for ADA, SOL, and XRP as traders pocket gains. Still, analysts see high levels of support that might support more rallies:
- Cardano (ADA): Should ADA be above $0.823, it might try a breakout for the $1.63 resistance level.
- Testing a crucial resistance at $180, SOL could mobilize toward $260 if it passes; a rejection may force it back to $140.
- Struggling close to the $2.95 barrier, a breakout might drive XRP toward $4.26; a failure to retain support at $2.50 might cause more losses.
Trump’s statement at the Bitcoin 2024 conference strengthened even more the intention of his government to keep all acquired Bitcoin assets. With investors constantly observing legislative moves that might determine the future of digital assets, his strong position on crypto laws is driving momentum in the market.
Traders are hopeful about ongoing bullish momentum as the crypto scene changes; Trump’s crypto-friendly approach might help to influence more general market acceptance.
