XRP Price Stalls at $2.50, Bitcoin Regains $90K Amid Lutnick Crypto Reserve Comments

Bitcoin Rebounds but Faces Resistance

After hitting a high of nearly $110,000 on January 20, Bitcoin experienced a sharp sell-off, plunging below $80,000 last week. However, BTC found strong support at the 200-day SMA (purple), triggering a massive rebound to $95,000 on Sunday.

Despite this bounce, sellers quickly regained control, and by Monday, BTC/USD  had dropped below $82,000, erasing most of the gains from Trump’s strategic crypto reserve announcement. The decline also led to over $1 billion in futures liquidations, highlighting the market’s volatility.

On Monday, worries over a potential trade war weighed on risk assets, including stocks and cryptocurrencies. However, by Tuesday, as speculation grew that tariffs might be delayed, Bitcoin stabilized above the 200-day SMA. By Wednesday, BTC had gained $4,000, breaking above $90,000 following comments from U.S. Commerce Secretary Howard Lutnick.

Lutnick revealed that the strategic crypto reserve is likely to be formally introduced at the upcoming White House Crypto Summit. He also hinted that certain tokens within the reserve may be subject to different regulatory treatments, indicating that they could be managed under a separate framework.

XRP Struggles Below $3 After Early Month Rally

XRP also saw a strong recovery earlier this month, following Donald Trump’s announcement that Ripple (XRP), Solana (SOL), and Cardano (ADA) would be part of the U.S. national cryptocurrency reserve.

After falling below $2, XRP surged 50% on Sunday, supported by a bounce off the $2 level and key moving averages. The rally pushed XRP to the $3 resistance level, but buyers failed to break through, leading to a sharp reversal down to $2.2150.

Despite this pullback, risk assets rebounded as the $2.20 support level held, helping XRP climb back to $2.50 as market sentiment improved. For XRP to continue its bullish momentum, buyers will need to break above $3, while a drop below $2.20 could trigger renewed selling pressure.

Market Outlook

Bitcoin’s ability to hold above $90,000 suggests renewed bullish interest, but further gains will depend on regulatory developments and market sentiment surrounding the crypto reserve plan. XRP remains range-bound, needing a break above $3 for further upside. With the White House Crypto Summit approaching, traders will be watching for policy updates and potential price catalysts in the coming days.