President Donald Trump has announced a U.S. Crypto Strategic Reserve, which includes XRP, Solana (SOL), and Cardano (ADA). XRP experienced a 32% price surge after the announcement.
The decision to include XRP, SOL, and ADA in the reserve program has raised questions and speculations about insider trading.
Legal expert James Murphy suggests that Ripple and the SEC are in settlement talks, which may affect the future price of XRP.
There is belief among some investors that XRP could reach $100 with the support of President Trump and favorable regulations.