ADA, SOL, XRP Struggle to Rebound as U.S. Crypto Reserve Talks Boost Bitcoin

• Trump is likely to announced a BTC reserve and positive outlook for altcoins at Friday's crypto summit.
• Despite Trump's mention of altcoins like XRP, SOL, and ADA as part of the reserve, their market performance suggests investors do not expect them to play a significant role in the strategic reserve.
• One observer cautions that the establishment of a bitcoin-only reserve may take time and the crypto community should temper its expectations.

President Donald Trump is preparing to announce a major shift in crypto policy, including plans for a crypto strategic reserve, at Friday's White House crypto summit, according to U.S. Secretary of Commerce Howard Lutnick.

While Bitcoin (BTC) is expected to receive special status, Lutnick noted that other cryptocurrencies will also be viewed favorably.

The market seems to have low expectations for altcoins, reflected in the muted price movements of XRP, SOL, and ADA, despite Trump naming them as part of the crypto reserve on Sunday.

• Bitcoin (BTC) has rebounded to $91,000, still 4.5% below its Sunday peak of $95,000 following Trump’s announcement.
• XRP is trading at $2.57, which is 17% lower than its Sunday high of $3.02, based on TradingView data.
• Cardano (ADA) and Solana (SOL) remain 27% and 20% below their respective Sunday highs.

The underperformance of XRP, SOL, and ADA compared to Bitcoin (BTC) suggests that investors remain skeptical about their significance in the strategic reserve. Some analysts speculate that Trump's mention of these altcoins may have been a tactic to gain support for a BTC reserve, as reported by CoinDesk earlier this week.

Additionally, experts believe that even a Bitcoin-only reserve will take time to materialize.

"These two things—the U.S. wanting a BSR while the IMF actively blocks sovereign BTC accumulation—cannot be true at the same time. [...] The real signal to watch is the IMF. When that changes, you’ll know readiness is near. This is a long-term catalyst. Until then, everything else is noise,"
— Jeff Park, Head of Alpha Strategies at Bitwise Asset Management, via X

Park also advised the crypto community to manage its expectations regarding the strategic reserve.