In a stunning turn of events, former US President Donald Trump has reignited the XRP market with a single Truth Social post. By sharing an article about Ripple’s resurgence, Trump sent a powerful signal that his administration will champion “American” cryptocurrencies like XRP. The result? An immediate surge in XRP’s price as investors rush to get in on the action.
Trump’s Truth Bomb Boosts XRP
On Wednesday, Donald Trump used his Truth Social platform to share a CoinDesk article discussing Ripple’s recent successes. The piece highlighted a statement from Ripple CEO Brad Garlinghouse, who noted a significant uptick in US deals since Trump’s election victory last November:
Ripple signed more US deals in the last six weeks of 2024 than in the previous six months.
– Brad Garlinghouse, Ripple CEO
Garlinghouse attributed this surge directly to the “Trump effect” and his administration’s pro-crypto stance focused on supporting US-based projects. Trump’s Truth Social post amplified this message, sending XRP prices soaring as much as 10% in the hours following.
Regulatory Tailwinds for Ripple
Trump’s endorsement comes at a critical juncture for Ripple. The company has been embroiled in a lengthy legal battle with the SEC, which sued Ripple in late 2020 alleging that XRP is an unregistered security. However, the tides have turned under the new crypto-friendly SEC leadership:
- The SEC’s appeal of its initial loss to Ripple is expected to falter
- An XRP ETF approval now seems imminent
With regulatory headwinds easing and tailwinds picking up, Ripple appears poised for a historic breakout. XRP’s all-time high of $3.40, reached shortly after Trump’s election, may soon be in the rearview mirror.
The Trump Crypto Boom
Trump’s public support for Ripple is part of a larger shift in US crypto policy. His administration has made clear its intent to back “American” digital assets, with XRP and Bitcoin as the centerpieces. Some key developments:
The US strategic crypto reserve will prioritize Bitcoin and US-based projects like Ripple
States like Utah and Michigan are following Trump’s lead in building Bitcoin and crypto reserves
Companies seeking favor with the administration, like GameStop, are investing heavily in BTC
As the Trump administration leans into crypto, the market is responding with a resounding endorsement. Bitcoin has reclaimed the $100,000 level and seems primed for new highs. But it’s Ripple and XRP that may be the biggest winners as regulatory clouds part and adoption accelerates.
Ripple Effect
Donald Trump’s Ripple endorsement marks a pivotal moment for XRP and the broader crypto market. With the winds of change blowing from Washington, the stage is set for a new era of growth and mainstream adoption. For Ripple, the pieces are falling into place:
Key Takeaways
- Trump’s pro-Ripple stance validates XRP and galvanizes investors
- The SEC lawsuit resolution and ETF approval are major positive catalysts
- Ripple is positioned as a prime beneficiary of the new US crypto paradigm
As Ripple rides this wave of momentum, all eyes are on XRP’s price potential. With Trump’s backing and regulatory breakthroughs on the horizon, Ripple’s native token looks like a sleeping giant ready to awaken. For those betting on the future of crypto in America, XRP may be the ultimate Trump card.
