The prices of XRP, Solana (SOL), and other cryptocurrencies have skyrocketed after it was announced that the aforementioned tokens would be part of a strategic cryptocurrency reserve in the U.S.

The price of Cardano (ADA) has soared by an eye-popping 33% in mere minutes, surpassing the $0.60 level.

The price of the Ripple-affiliated XRP token has also surged by a whopping 12% following the announcement, currently approaching the $2.5 mark on the Binance exchange.

Solana (SOL) has also logged a double-digit price spike following the announcement.

As reported by U.Today, Ripple was lobbying for a multi-token strategic reserve that would include XRP.