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Cryptopolitan 2025-01-26 23:03:24

Can XRP eliminate the US national debt? A $965.5 price tag for a strategic reserve

Can XRP eliminate the US national debt? A $965.5 price tag for a strategic reserve

Cryptocurrency analysts and advocates suggest adding tokens like XRP to a crypto stockpile as the U.S. administration under Trump signals support for digital assets. President Trump has already ordered the creation of a working group that will develop a framework for digital assets and future reserves within the next six months. If the working group considers adding XRP to the virtual asset stockpile, the token will require a higher valuation to offset the US national debt. Trump sparks debate on including XRP and Solana in a US digital asset stockpile During his campaign, Donald Trump advocated for a strategic Bitcoin reserve, claiming it could help clear US debts. With Trump paving the way for talks of a digital asset stockpile, some analysts have speculated that the administration could focus more on “ Made in America” tokens besides Bitcoin, putting XRP and Solana among the top considerations. Some analysts are supporting a multi-asset crypto stockpile, including Max Avery , an entrepreneur who commented on X: I think having a strategic crypto reserve with multiple digital assets is a great idea. BTC and the XRPL can both win. Max Avery However, XRP and Solana are nowhere near Bitcoin’s prices, raising the question of how high they should rise to help offset the US national debt if chosen to make up the country’s crypto reserves. Ripple’s escrow holdings could form the basis of a US XRP reserve The US government can simply acquire XRP tokens from Ripple’s escrow and create an XRP reserve without having to pay for them. Ripple has almost $38 billion of XRP in escrow, which is about 37.7% of the total token supply as of now. If the government is serious about starting an XRP reserve, some have suggested that Ripple should hand over its escrow holdings to support the creation of the token’s national reserve. XRP is trading close to $3.12 on the price chart, maintaining the above-important moving averages. Even with this comparatively solid position, the asset still faces crucial resistance at $3.30. Cryptopolitan Academy: FREE Web3 Resume Cheat Sheet - a href="https://www.cryptopolitan.com/ultimate-web3-resume-cheatsheet?utm_source=cryptopolitan&utm_medium=banner&utm_campaign=web3cs-1" target="_blank">Download Now

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