XRP Sustains the Buying Pressure, Trump Receptive To Strategic Reserve With US-Based Cryptos and More: Jan 17

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Bitcoin trades above $102,000 today and is currently priced at 101,758, up +1.72% in the past 24 hours, while Ethereum trades at $3,387, down 0.1%. The Fear and Greed Index remains balanced at 75, indicating a bullish market sentiment despite recent price fluctuations. Today in crypto XRP enters an extreme bullish price territory for the first time since 2017. It shows a three-month consecutive green candle. US President-elect Donald Trump is reportedly receptive to establishing a strategic reserve that could include US-founded cryptocurrencies like XRP, USDC, and Solana. Meanwhile, Phantom Wallet raised $150M at a $3B valuation. This article covers all these developments and more.

 

What’s Trending in the Crypto Community? 

  • Trump: "We will do some great things with cryptocurrency."

  • 52% of Americans have sold traditional assets like stocks or gold to invest in Bitcoin.

  • Grayscale registered a Helium (HNT) trust product in Nevada.

  • Canadian publicly listed company Goodfood announced its Bitcoin financial strategy.

  • Phantom Wallet Raises $150M on a $3B valuation 

 

 Crypto Fear & Greed Index | Source: Alternative.me 

 

Trending Tokens of the Day 

Top 24-Hour Performers 

 

Trading Pair 

24H Change

XRP/USDT

+8.82%

SOL/USDT

+5.06%

ALGO/USDT

+12.08%

 

Trade now on KuCoin

 

XRP's Futures Open Interest Surged 300% in 2025 


Senate, SEC, Bitfinex, United States, Donald Trump, Hacks, Stablecoin, Web3, ETF

XRP futures open interest. Source: CoinGlass

 

Market activity around XRP is robust, with open interest reaching $7.9B—an impressive 27.34% increase in just 24 hours. Futures volume has doubled to $42.87B, according to CoinGlass. Since January 1, open interest has surged by 300%, climbing from $1.92B to $7.9B. These metrics indicate growing market enthusiasm as XRP approaches the critical $3.40 threshold.

 

Source: KuCoin

 

While some speculate that futures trading is the main driver behind XRP's price surge, the situation appears more nuanced. The altcoin's performance signals strong investor interest and momentum as it seeks to solidify its position above $3.40 and achieve a new all-time high.

 

SEC Appeals Ripple Decision

The US SEC filed arguments in its appeal against Ripple Labs, challenging the regulatory classification of XRP. This legal battle continues to shape how cryptocurrencies are viewed under US law. The outcome remains uncertain, but the SEC is pressing forward with its case.

 

Read more: What Is Altcoin Season (Altseason), and How to Trade Altcoins?

 

Phantom Wallet Raises $150M At $3B Valuation

Source: https://phantom.com/


Phantom Wallet raised $150M at a $3B valuation. Sequoia Capital and Paradigm led the Series C round, with participation from a16z and Variant. Co-founder and CEO Brandon Millman noted, "The wallet's rise in popularity shows that there's a broader trend in which more people are buying crypto directly with their digital wallets instead of using Coinbase Global Inc.’s exchange and other centralized platforms." Phantom Wallet reports 15M monthly active users and $25B in self-custody assets. The company aims to accelerate crypto adoption and become a leading consumer finance platform, crediting much of its success to Solana. This funding round is the largest so far in 2025, surpassing recent deals like Sygnum Bank’s $58M.

 

Read more: How to Create a Phantom Wallet for the Solana Ecosystem

 

Trump Receptive To Strategic Reserve With US-Based Cryptos

As per the report of Yahoo Finance, President-elect Trump is exploring a strategic reserve that includes US-based cryptocurrencies such as XRP, USDC, and Solana. The New York Post cited sources on January 16 saying Trump is open to a reserve that might sideline Bitcoin. This speculation follows a private dinner with Ripple CEO Brad Garlinghouse and Ripple CLO Stuart Alderoty at Mar-a-Lago. David Bailey, CEO at BTC Inc, dismissed the idea as fake news, calling Ripple "Kamala coin." Alexander Grieve from Paradigm urged skepticism, advising to wait for confirmation.

 

Thailand, Senate, SEC, Bitfinex, United States, Hacks, Stablecoin, Web3, ETF

Source: David Bailey

 

Covering Possible Policy Shifts

Trump's campaign emphasized Bitcoin, but recent talks hint at a broader approach including multiple US-based digital assets. This aligns with an America-first agenda that prioritizes local innovation. Critics worry that adding more cryptos might dilute Bitcoin's dominance, while supporters see it as boosting US blockchain projects.

 

Read more: Eric Trump Predicts Bitcoin Will Hit $1 Million and Drive Global Adoption

 

Conclusion

Crypto markets remain active. XRP enters a phase of price discovery with strong futures interest. Phantom Wallet's $150M raise at a $3B valuation underscores investor confidence. Rumors about a strategic crypto reserve under President-elect Trump continue to spark debate. These stories highlight the evolving landscape of regulation, blockchain innovation, and investor sentiment. Markets watch closely as legal battles, funding rounds, and potential policy shifts shape the future of digital assets.

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