4 Explosive XRP Rivals to Watch Before the Crypto Strategic Reserve Bill Changes Everything!

Jakarta, Pintu News – The US government is moving closer to establishing a crypto strategic reserve following President Trump’s executive order earlier this month, which could benefit XRP competitors.

Last week, Congressman Byron Donalds filed the “Reserve & Stockpile Act” bill that would turn Trump’s plan to buy XRP XRP->Current XRP PriceRp 0Market Cap-Trading Volume-Circulating Supply-, Bitcoin BTC->Current BTC PriceRp 0Market Cap-Trading Volume-Circulating Supply-, Ethereum ETH->Current ETH PriceRp 0Market Cap-Trading Volume-Circulating Supply-, Cardano ADA->Current ADA PriceRp 0Market Cap-Trading Volume-Circulating Supply-, and Solana (SOL) into law.

If the US Congress passes this reserve bill, cryptocurrencies that Trump mentions in the initiative, such as XRP, will likely experience a surge in value. This rise could also trigger a major rebound for XRP’s competitors, including SOL, ADA, Stellar (XLM), and Dogecoin DOGE->Current DOGE PriceRp 0Market Cap-Trading Volume-Circulating Supply-.

Solana (SOL)

As of March 17, 2025, the price of Solana (SOL) was briefly trading at $128 after experiencing a 5% drop in the last 24 hours. The crypto’s strategic reserve bill is an ideal opportunity for traders to buy-the-dip before a potential parabolic rally in SOL price.

Read also: Whale Crypto Buys UNI, AUCTION, and MKR: Will DeFi Tokens Explode?

Coinvo crypto experts note that Solana has formed a cup and handle pattern on its weekly chart. This pattern signals a continuation of the bullish trend, with the price target determined by the height of the necklineand the depth of the cup.

If Solana completes the handle pattern and returns to the neckline, the SOL price could jump to $500.

In addition, with the crypto strategic reserve bill, SOL could potentially become one of the assets owned by the US government, which is another bullish catalyst. This makes Solana one of XRP’s rivals worth keeping an eye on.

Cardano (ADA)

Cardano (ADA) is one of the major US altcoins that is likely to be mentioned in the Congressional hearing when the crypto strategic reserve bill is tabled.

As of March 17, 2025, the price of ADA is at $0.71, down 4% in the last 24 hours. However, the whales seem to be taking advantage of this opportunity to buy on the dip.

According to crypto analytics platform TapTool, in the last 72 hours, whales have bought 130 million ADA tokens. Additionally, Cardano’s price managed to hold at the critical $0.69 support level and is attempting to break above the 200-day Exponential Moving Average (EMA).

If this bullish movement is confirmed, the price of ADA could rise towards the 123.6% Fibonacci level at $1.30.

With this bullish technical outlook, Cardano is one of XRP’s rivals that is also worth keeping an eye on.

Read also: 3 Altcoins that Crypto Whale Bought This Week

Stellar (XLM)

Stellar (XLM) price has seen a slight decline of 1.7% in the last 24 hours (3/17/25), in line with the overall downward trend in the crypto market.

On Monday, XLM was trading at $0.269 and could potentially be one of XRP’s rivals to experience a price spike after the crypto strategic reserve bill was passed.

Analysts gave bullish predictions for Stellar after the price managed to cross the 23.6% Fibonacci level at $0.23, which is also the lower trend line in the bull flag pattern.

If XLM price manages to break the upper trendline, the next target is the 161.8% Fibonacci level at $0.95.

In addition, XLM often follows the price movements of XRP. So, if XRP rallies after Congress approves the bill, then XLM will not go unnoticed by crypto investors either.

Dogecoin (DOGE)

Dogecoin is currently (3/17) under bearish pressure. After losing the critical support level at $0.20, the price of DOGE dropped to $0.17.

However, analysts remain optimistic due to the appearance of the Dragonfly Doji pattern on the weekly chart, which has similarities to Dogecoin’s trend in 2017.

Read also: Dogecoin Price Drops 2% Today (3/18/25): DOGE Shows Doji Candle Pattern, Ready to Rally to $1?

In 2017, after DOGE confirmed this pattern, its price jumped more than 10x within a few months. If history repeats itself, Dogecoin could potentially experience a parabolic rally, making it one of XRP’s rivals worth keeping an eye on.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coingape. 4 XRP Rivals to Hold Before Crypto Strategic Reserve Bill is Passed in Congress. Accessed on March 18, 2025