Altcoin
Will The US Adopt XRP Alongside Bitcoin?
The potential inclusion of XRP in the US Strategic Reserve has sparked intense debate, with experts sharply divided on the matter. While proponents like Ripple CEO Brad Garlinghouse recommend a diversified US strategic reserve, Bitcoin maximalists vehemently oppose the idea.
Since the 2024 Bitcoin Conference in Nashville, the community has eagerly awaited the US adoption of a strategic Bitcoin reserve. The recent executive order from President Donald Trump to develop a national digital asset stockpile has significantly intensified excitement. However, the focus shifted to a possible XRP reserve following Garlinghouse’s crucial statement.
Community Divides over US Strategic Reserve: XRP or Bitcoin?
In his X post, crypto influencer Scott Melker, also known as The Wolf of All Streets, commented on the possibility of an XRP reserve in the United States. Reiterating his previous views, Melker stated, “I don’t share rumors unless I hear them from multiple, reliable sources.”
However, Bitcoin enthusiast Wayne Vaughan strongly rejected the notion of an XRP reserve, warning that “including anything other than Bitcoin would have serious negative consequences.” Another popular Bitcoin figure known on X as AP_Abacus shared an anonymous but uniquely connected comment on the XRP reserve. The comment suggested that XRP’s attempts to join the US reserve are ultimately doomed to fail, as Bitcoin remains the undisputed focus.
Ripple’s Alleged Efforts to Hail XRP as US Reserve
Further, Scott Melker substantiated his claims by referring to American entrepreneur Jack Mallers’ controversial statement about Ripple.
Recently, Mallers alleged Ripple of “undermining American prosperity and freedom,” by trying to block the US Bitcoin strategic reserve. Describing Ripple’s act as “corporate lobbying disguised as innovation,” he stated that Ripple is spending millions to include XRP in the US strategic reserve.
The topic of the XRP reserve comes amidst recent developments in the Ripple-SEC lawsuit, with the crypto extension filing for an extension to file its brief. Meanwhile, Gary Gensler’s resignation and the recent developments within the SEC have sparked excitement in the community, anticipating a conclusion to the ongoing legal battle.
Brad Garlinghouse’s Theory of Diversified Strategic Reserve
Notably, the idea of an XRP reserve has surged following a significant statement by Ripple CEO Brad Garlinghouse, who discussed the potential for a diversified strategic reserve. However, Garlinghouse didn’t solely advocate for XRP as a reserve asset but proposed a blend of various digital assets. Garlinghouse stated,
I own XRP, BTC, and ETH, among a handful of others – we live in a multichain world, and I’ve advocated for a level-playing field instead of one token versus another. If a govt digital asset reserve is created – I believe it should be representative of the industry, not just one token (whether it be BTC, XRP or anything else).
Donald Trump’s Strategic Bitcoin Reserve
During his election campaigns, Donald Trump proposed a strategic Bitcoin reserve, gaining widespread traction. Influenced by Trump’s progressive approach, global powers like Bhutan, Hong Kong, Germany, the Czech Republic, and many more are embracing a similar stance.
However, as Trump hasn’t unveiled his decision on the Bitcoin reserve after his inauguration on January 20, the community remains anxious. The recent focus shift to an XRP reserve has further escalated the debate around the future of cryptocurrency reserves in the US.
Nynu V Jamal
Nynu V Jamal is a passionate crypto journalist with three years of experience in blockchain, web3, and fintech spheres. She has established herself as a knowledgeable and engaging voice in the cryptocurrency and blockchain space. Her experience as an Assistant Professor in English Language and Literature has further added to her quest for crafting informative, well-researched, and accessible content.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Crypto analyst Egrag Crypto has provided a bullish outlook for the XRP price, predicting it could reach double digits in this market cycle. The analyst also revealed when exactly the cycle peak for XRP in this bull run could occur.
Analyst Predicts XRP Price To Reach Double Digits By July 21
In an X post, Egrag Crypto predicted that the XRP price will reach double digits by July 21, which he believes would mark the cycle peak for the altcoin. The analyst stated that so far, Ripple’s native crypto looks on track to reach its cycle peak by July.
He added that if the 110-day offset still holds, then the cycle peak could extend to November 9, 2025. The analyst also explained that it took some time for the 21 weekly EMA to catch up with the price action.
However, once it finally touched the 21 weekly EMA, XRP took 147 days to complete the last leg of the cycle, lasting 21 days until it hit the cycle peak. As such, Egrag Crypto is confident that July 21 could mark the peak for the altcoin.
His prediction of double digits price for XRP came following a question on what the altcoin’s price could be around this July 21 peak. Egrag Crypto simply answered, “double digits,” indicating it could rally to $10 or above. Interestingly, the analyst recently predicted that Ripple’s could rally to $27 in 60 days, which aligns with XRP reaching double digits by July.
In another post, Egrag Crypto also gave a short-term XRP price analysis. He stated that a close above $2.24 is the first sign of strength. Furthermore, a close above $2.30 and $2.47 are the second and third sign of strength. The analyst added that a close above $2.70 is the strongest signal for a potential breaout and new all-time high (ATH), with the potential target the $5 range.
Ripple’s Native Crypto Could Soon Witness Wave 3 Impulsive Move
In an X post, crypto analyst CasiTrades raised the possibility of the XRP price witnessing a Wave 3 impulsive move soon enough. She noted that the altcoin is showing strength today after reclaiming the 0.786 retracement at $2.05, a key level which it needs to flip to support.
The analyst has previously predicted that XRP could drop to as low as $1.90 before it rallies to new highs. In her recent analysis, she stated that the next major test is $2.24, where local subwaves and the macro structure are aligning. The analyst added that this price level is the 0.382 retracement of the most recent move down and the 1.618 extension on the subwaves.
From a structure standpoint, CasiTrades stated that XRP is now seeing the smaller subwaves beginning to align with the larger Elliot Wave count. She remarked that this is a strong sign that the bottom could be in and that the altcoin is building the foundation for macro Wave 3 up.
The analyst warned that failure at $2.24 could stall the XRP price but a new low seems unlikely. Meanwhile, the next resistance levels after are $2.70, $3.05 and then the current ATH of $3.80.
CasiTrades reminded market participants that XRP is now officially inside the Fibonacci Time Zone 3, which was set months ago. She remarked that this period is when the market should shift from consolidation into acceleration. The analyst asserted that if the altcoin wants to launch into its macro breakout, now is the time. Factors such as Coinbase’s move to launch XRP futures could spark this breakout.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across several topics and niches. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover, a traveler and a part-time degen.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Critics are taking swipes at Pi Network and the PiCoreTeam after PiDaoSwap raised concerns over lengthy delays for Know Your Business (KYB) approvals. The delays have forced the hand of PiDaoSwap to roll out non-fungible tokens (NFTs) on Binance Chain as a short-term solution.
Pi Network Faces Criticism for KYB Delays
Decentralized exchange PiDaoSwap has expressed worry over the prolonged delays of the KYB review process on Pi Network. According to a statement on X, PiDaoSwap submitted a KYB application, but 15 days later, the PiCoreTeam (PCT) has yet to issue an approval.
To build on the Pi Network, projects will need to submit a KYB application to pass the PCT’s due diligence process. An approval will give projects access to developer support, funding, and other ancillary perks for building in the Pi ecosystem.
However, after over two weeks, PiDaoSwap describes the wait as an “agonizing” one. Per the statement, PiDaoSwap is unable to start full development on the Pi mainnet because of the delay.
Following the delay, PiDaoSwap says it will launch NFTs on Binance Smart Chain (BSC) while it waits for approval. Binance continues to exclude Pi Network in its Vote To List initiative as it focuses on BSC projects.
“We have chosen to launch community NFTs on BSC as an interim solution rather than continuing to wait idly,” said PiDaoSwap. “Only after KYB approval can we proceed with in-depth development and ecosystem building on the Pi mainnet.”
PiCoreTeam Catching Backlash In Recent Weeks
Thought leaders in the Pi ecosystem have been vocal in their criticism of the PCT. Dr Altcoin, an active member of the ecosystem, took swipes at the PCT over the KYB approval delays. He argues that PiDaoSwap is not an isolated incident, adding that several centralized exchanges are waiting for KYB approvals.
“This is one example of a clear failure by the PCT,” said Dr Altcoin. “I also know some CEXs are on the waiting list for KYB approval.”
Furthermore, Dr Altcoin theorizes that Bybit not listing Pi Network is the fault of the PiCoreTeam. Dr Altcoin disclosed that the delays in centralized exchanges result from a lack of transparency by the PCT for token locking and burning mechanisms.
Pi Coin price has fallen by 15% over the last day to settle at $0.55, dousing optimism for a move to clinch $1. As investors scan the horizon for a correction, a listing by a top exchange and a string of ecosystem partnerships by the PCT can send prices to new highs. Despite the criticisms, the PCT is proceeding with its domain auction, receiving over 200,000 bids in the latest update.
Aliyu Pokima
Aliyu Pokima is a seasoned cryptocurrency and emerging technologies journalist with a knack for covering needle-moving stories in the space. Aliyu delivers breaking news stories, regulatory updates, and insightful analysis with depth and precision. When he’s not poring over charts or following leads, Aliyu enjoys playing the bass guitar, lifting weights and running marathons.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Crypto Prices Today (April 4): The broader market sentiment remains uncertain this Friday as Bitcoin (BTC) price held around the previous day’s levels, at $83K. Moving on to other metrics, the global cryptocurrency market cap jumped slightly by 0.20% to $2.6 trillion. The fear and greed index stood at 25, signaling a cautious sentiment in the market at the moment.
Major league altcoins like Ethereum (ETH) and Solana (SOL) also retained a trading session near the previous day’s levels in the interim. However, Cosmos (ATOM) and Filecoin (FIL) surfaced as the day’s top gainers by defying the broader trends.
Crypto Prices Today: BTC At $83K, Altcoins Resilient
Despite the broader market turmoil caused by Donald Trump’s announcement of reciprocal tariffs, crypto prices today have showcased resilience by preventing major downturns. After slipping to as low as the $81K mark, BTC price regained a hold above $84K today. ETH also faced heightened turbulence, although it maintained a hold above $1,800.
Conversely, ATOM and FIL tokens have defied the broader market trend to secure a spot among the day’s top gainers.
BTC Price Sits At $84K
At the time of reporting, the flagship crypto’s price chart indicated a roughly 1% increase in value and closed in at $84,211. Its market dominance was up by 0.09% intraday, reaching 62.01%. Notably, BTC has outperformed major league altcoins, as indicated by its market dominance.
Coinglass data further signaled rising market interest in the asset. Bitcoin futures OI jumped roughly 4% over the past day, reaching $54.61 billion.
Nevertheless, traders and investors reflect an uncertain stance over future price prospects as Trump’s tariffs have rattled broader markets globally. CoinGape previously reported that BTC is expected to mimic stock market actions amid global trade war tensions.
All eyes are now set on the next U.S. Fed meeting, as it could pave the way for a market sentiment shift.
ETH Price At $1,800
ETH price traded at $1,820 after recovering from $1,751 over the past day. The second-largest crypto by market cap boasted an evaluation of $220.35 billion.
Ethereum’s futures OI shot up by 3.5% to reach $20.68 billion, per the latest Coinglass data. This statistic indicated that the coin’s derivatives market is seeing heightened activity. Another buzzworthy update for Ethereum is that the Pectra upgrade is set to go live on May 7 next month.
XRP Price Jumps 2% & Defies Crypto Market Trend
Ripple’s coin XRP managed to gain over 2% despite the broader crypto market turmoil to reach $2.08. Its 24-hour bottom and peak were recorded as $1.97 and $2.10, respectively.
The latest buzz within the Ripple community remains Coinbase’s XRP futures listing. Notably, CoinGape reported that the crypto exchange behemoth filed an application with the CFTC for this listing.
On the other hand, the U.S. SEC’s recent closed-door meeting solidified the chances of an imminent settlement of the Ripple lawsuit.
SOL Price Today
Solana price hovered around the previous day’s levels and is trading at $119.27. Its 24-hour low and high were registered as $112.48 and $119.13 in the past 24 hours.
Intriguingly, Coinglass data revealed a 3% surge in Solana’s futures OI to $4.84 billion, underscoring burgeoning trading activity in the derivatives market. Solana’s market cap jumped nearly 1% from yesterday to $61.44 billion.
Recently, the U.S. SEC made a favorable approach toward crypto by acknowledging Fidelity’s SOL ETF filing.
Let’s take a look at the market’s leading gainers for the day.
Crypto Prices Today: Top Gainer
Cosmos (ATOM)
Price: $4.83
24-Hour Gains: +9%
ATOM’s price surged alongside a new trade offering unveiled by eToro recently. The social investing platform launched staking options for the crypto, paving the way for investor interaction with assets.
Filecoin (FIL)
Price: $2.95
24-Hour Gains: +8%
FIL price soars against the backdrop of its recent listing on S. Korean crypto exchange Upbit.
Pendle (PENDLE)
Price: $3.14
24-Hour Gains: +8%
PENDLE price soars alongside heightened whale accumulations, as reported by CoinGape recently.
Crypto Prices Today: Top Loser
Pi Network (PI)
Price: $0.5477
24-Hour Loss: -13%
Berachain (BERA)
Price: $5.81
24-Hour Loss: -10%
Toncoin (TON)
Price: $3.52
24-Hour Loss: -7%
Overall, the broader market sentiment remains uncertain amid macroeconomic heat. Crypto market traders and investors eagerly await major price action shifts.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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