The crypto market has picked up momentum once again, with analysts closely watching XRP price, Cardano, and DTX Exchange. With Trump’s announcement of a US Crypto Strategic Reserve, ADA and XRP saw massive price surges.
Meanwhile, DTX Exchange is making waves with its hybrid trading model and high-leverage offerings. Continue reading this article to find out more about these projects.
Trump’s Crypto Reserve Announcement Sends ADA Soaring
Cardano (ADA) experienced a steep price rally after US President Donald Trump announced a “US Crypto Strategic Reserve” that would feature the ADA. This March 2 announcement initiated an immediate market response, with ADA’s price increasing by 80% within hours.
The first statement came via Trump’s Truth Social platform, where he detailed plans to create a strategic reserve of numerous cryptocurrencies. The revelation triggered instant buying pressure, sending ADA from $0.64 to $1.00 in only two hours. The momentum grew throughout the day, and Cardano’s ADA ultimately reached a two-month high of $1.17.
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Analysts are keeping a careful eye on Cardano’s $0.92 level, which is a major support zone. The Cardano price activity around this level may decide if ADA can hold its freshly constructed trading range or face additional consolidation.
XRP Price Explodes Past $2.75: What Triggered the Surge
As President Trump confirmed that the US government is adding XRP, SOL, and ADA to the US Crypto Reserve, the XRP price surged by more than 30%, moving beyond the $2.75 level.
The XRP price rally started after it hit support at $2.00, where whales bought 270 million coins during the weekend. The XRP price easily broke through resistance between $2.50 and $2.65 as buyers flooded in, reaching a high of $3.00 before consolidating gains.
Futures traders were also watching, evident from the 40% expansion in XRP Futures Open Interest to $4.33 billion, which implies that players in the market feel more optimistic. The XRP price at writing was $2.50, registering a gain of 5.1% over the last 24 hours, following an 8% gain in the last seven days.
DTX Exchange: The Hidden Gem Poised
DTX Exchange (DTX) is a soon-to-be-launched trading platform that is changing the narrative of TradFi through its hybrid trading platform underpinned by revolutionary technology.
This platform gives users access to over 120,000 commodities through one single interface. These will include cryptocurrencies, forex, equities, ETFs, bonds, and a lot more. This will save them time wasted in switching between multiple platforms to manage different kinds of assets.
Its Phoenix Wallet employs a non-custodial wallet approach to offer its users decentralization and security. Through its decentralized approach, traders maintain total control over their digital assets and private keys even in the case of an unexpected security breach.
The platform offers a user-centric approach by offering features like a distributed liquidity pool. These features make sure that each user has a wider market exposure irrespective of capital size and the best possible price for each trade with minimal slippage.
DTX’s presale, which recently concluded, has opened a bonus round to cater to an unexpected surge in demand. This presents the last opportunity for investors to buy DTX tokens at $0.18 only. The token is set to be listed on exchanges at $0.36 in Q2 2025.
To know more about the DTX Exchange ecosystem, Check out:
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