XRP, ADA, and SOL Go Parabolic After Trump’s US Crypto Reserve Post: Will Other Altcoins Follow?

The cryptocurrency market saw a significant rally over the weekend as U.S. President Donald Trump announced that Bitcoin (BTC), Ether (ETH), XRP (XRP), Solana (SOL), and Cardano (ADA) would be included in a new "crypto strategic reserve." This bold move sparked a major price surge for the selected cryptocurrencies, especially XRP, ADA, and SOL, which saw impressive gains following the announcement. But the key question remains: will other altcoins join the rally, or will this surge be a short-lived event?

Bitcoin’s Path and Impact on Altcoins

Bitcoin (BTC) also experienced a strong rebound, hitting a price of $92,844. Trump’s announcement may have contributed to the surge, but it's the increasing institutional adoption that has caught the market's attention. One such example is BlackRock’s move to add the iShares Bitcoin ETF Trust (IBIT) to its $150 billion model portfolio, according to a recent Bloomberg report. This decision to allocate 1% to 2% of portfolios toward alternative assets, including Bitcoin, opens up the possibility for even greater institutional demand for Bitcoin and other cryptos in the future.

However, despite the bullish momentum, some analysts suggest Bitcoin may face a short-term correction. Bitcoin could potentially drop to the $70,000 mark before initiating the next phase of its bull run. Nexo's analyst Iliya Kalchev indicated that Bitcoin might establish firm support between $72,000 and $80,000, which could provide a foundation for further gains in the long term. Whether Bitcoin can maintain its position above $90,000 will be crucial. If it does, this could signal renewed optimism for select altcoins that weren’t included in the crypto strategic reserve.

Bitcoin Price Analysis: Testing Key Support Levels

Bitcoin’s price has recently tested the 20-day exponential moving average (EMA) at $92,366, showing aggressive buying at lower levels. However, the 20-day EMA could act as a resistance level in the short term. If Bitcoin’s price declines from here, the next crucial support to watch is around $85,000. A rebound from this level could signal a continuation of the upward trend, potentially reaching the 50-day simple moving average (SMA) near $97,704.

On the flip side, if bears manage to push the price below $83,000, Bitcoin could test the critical support zone near $78,258. If Bitcoin manages to stay above $90,000, a rise toward $96,000 or even $100,000 is possible. However, any price drops below the 50-day SMA would indicate that bears are in control and could send Bitcoin back to lower levels.

Hedera (HBAR): Signs of Bullish Momentum

Hedera (HBAR) has recently shown positive momentum, rising above the 20-day EMA at $0.22 and approaching the 50-day SMA at $0.26. A break above the 50-day SMA could propel HBAR to the $0.32 level. On the downside, if HBAR falls below the 20-day EMA, it could slip to $0.18, where bulls are likely to step in to defend the price.

Despite a slight pullback from $0.26, the 20-day EMA on the 4-hour chart could act as support, potentially signaling a buying opportunity. A rebound here could lead to a rise to $0.28, while further losses could indicate that bears are regaining control.

Litecoin (LTC): Consolidation Within a Triangle Pattern

Litecoin (LTC) has been trading within a symmetrical triangle pattern, a technical formation that suggests indecision between buyers and sellers. The 20-day EMA ($122) and the RSI near the midpoint show that neither side has gained a clear advantage. If Litecoin breaks above the 20-day EMA, the bulls could target a breakout above the resistance line, potentially driving the price toward $147.

However, a close below the moving averages could signal that the bears are gaining control, with LTC potentially dropping to the support line. A breakdown below this line could push the price further down to $86. The 4-hour chart shows that the bears are attempting to take control as Litecoin has dipped below the moving averages, and if this trend continues, the price could fall to $114 or lower.

Monero (XMR): Testing Support Levels

Monero (XMR) has been trading within a range between $205 and $245, with the 20-day EMA providing crucial support at $224. A break above $245 could signal a move higher, while a failure to hold above the moving averages would suggest a lack of buying pressure at higher levels. If bears take control, the price could fall to $205.

On the 4-hour chart, XMR is showing signs of bullish momentum as the RSI is in the positive zone, and the price is moving above the 20-day EMA. If this trend continues, XMR could target $238, with the next resistance at $245. A break below the 20-day EMA would suggest that the bears are regaining control, and the price could fall to $216 or even $205.

Celestia (TIA): Testing the $4.14 Breakdown Level

Celestia (TIA) has recently risen above its moving averages and is attempting to sustain the price above the critical $4.14 breakdown level. If this level holds, it could signal a reversal, with TIA potentially moving toward resistance at $4.50 and then $5.50. However, if the price drops below the 20-day EMA at $3.66, it could signal a bearish trend, and the price may fall to $3 or even $2.72.

The 4-hour chart shows that the RSI is positive, indicating an advantage for buyers. If the price stays above the moving averages, TIA could rise further, but a breakdown could signal a shift in market sentiment.

Conclusion: A Turning Point for Altcoins?

The announcement of a U.S. crypto strategic reserve, along with increased institutional interest in Bitcoin, has provided a temporary boost to select cryptocurrencies like XRP, ADA, and SOL. While these coins have already seen massive price movements, the key question now is whether the broader market will follow suit.

If Bitcoin continues its upward trend and sustains its position above $90,000, this could encourage a renewed interest in altcoins, with several coins showing promising technical setups. Hedera, Litecoin, Monero, and Celestia all appear to have strong potential for further gains if market conditions remain favorable.

As always in the crypto market, volatility remains high, and investors should be cautious, as market dynamics can shift rapidly. However, for those looking to enter the market, watching the price action of Bitcoin and selecting altcoins could offer clues as to which cryptocurrencies are primed for further upside.