Michael Saylor, Executive Chairman of Strategy, recently commented on the inclusion of cryptocurrencies in US strategic reserves. His remarks followed the signing of an executive order by US President Donald Trump, which included Bitcoin alongside altcoins like Ethereum, XRP, Solana, and Cardano, Coingape reported.

The XRPUSD H1 chart indicates that the price recently bounced off a trendline's support and has been gradually moving upwards.

Saylor Discusses XRP and Bitcoin Reserves

In an interview with Fox Business, Saylor addressed regulatory considerations for digital assets. When asked about XRP, he referred to it as a token, suggesting that its issuance should occur under a regulatory framework.

“I think those are tokens, and we should have a regulatory framework that allows those to be issued,” Saylor said.

BREAKING: 🇺🇸 MICHAEL SAYLOR DISCUSSES U.S. CRYPTO RESERVE - INCLUDING $BTC, $ETH, $XRP, $SOL & $ADA!

“XRP is attached to a company @Ripple.” Stated The Fox Reporter

“ I think those are tokens and we should have a regulatory framework that allows those to be issued” - @saylor… pic.twitter.com/jc0DeuCjKO

— Good Morning Crypto (@AbsGMCrypto) March 5, 2025

Saylor Supports Bitcoin Reserve, Armstrong Suggests Simplicity

On the broader question of whether altcoins should be part of US reserves, Saylor stated that the prevailing view favours Bitcoin as the sole strategic reserve asset in the long term. The comments reflect ongoing discussions about the regulatory landscape and the role of digital assets in national reserves.

JUST IN: Coinbase CEO Brian Armstrong says a US crypto reserve with only Bitcoin is "probably the best option." pic.twitter.com/3Eu3UeJkBC

— Watcher.Guru (@WatcherGuru) March 3, 2025

Meanwhile, Coinbase CEO Brian Armstrong suggested that limiting the reserve to bitcoin would be the simplest option, presenting a clear successor to gold. In an X post, he mentioned he was still forming an opinion on asset allocation, but proposed a market cap-weighted index of crypto assets as an alternative to provide variety, though he considered the first option the easiest.

XRPUSD Bounces, Buyers Push Upward

The XRPUSD H1 chart reveals that the price has bounced twice off the drawn support level. During the last bounce, a bullish candle formed with a strong rejection from the upside.

Despite this, minor buyers have been gradually pushing the price upward. The price recently broke out at 2.53850, a significant level. This level may now act as support, with intraday traders likely to monitor price action closely around it.