Look out, right here comes XRP! Within the wake of the US presidential elections, XRP’s engine started to rev. Now, with the inauguration of President Trump solely hours away, XRP is taking off!
XRP Rides To Close to All-Time Excessive
Ripple’s cryptocurrency, XRP, soared to a close to all-time excessive, peaking at $3.31 with a 6.35% enhance in 24 hours.
Mounting optimism round Ripple has fueled the cost. There’s elevated buzz concerning the approval of XRP-based Alternate-Traded Funds (ETFs) and favorable developments in its long-standing authorized battle with the U.S. Securities and Alternate Fee (SEC).
The SEC initially filed a lawsuit towards Ripple in 2020, accusing the corporate of conducting unregistered securities choices. Nevertheless, current rulings have taken a optimistic flip for Ripple, with a decide imposing a $125M high quality—far beneath the SEC’s preliminary demand of $2B.
The SEC’s subsequent attraction comes as anticipated. However with soon-to-be President Trump incoming, many buyers anticipate the extra crypto-friendly regulatory atmosphere to cut back the chance that the SEC will win any notable reversal.
Within the meantime, Ripple’s management has expressed confidence within the chance of XRP ETFs following within the footsteps of Bitcoin and Ethereum ETFs.
CEO Brad Garlinghouse not too long ago met with President-elect Donald Trump, additional fueling hypothesis about regulatory adjustments and an atmosphere turning notably pro-crypto.
The nomination of Paul Atkins as the brand new SEC Chair – a decidedly pro-crypto voice – can also be anticipated to pave the best way for extra cryptocurrency ETFs.
A New Period of Low-Cap Cash?
Memecoins loved a powerful finish to 2024 and a gentle enhance in 2025 to this point. With Bitcoin persevering with to climb and XRP surging, the blue-chip cryptos are setting the stage for a resurgence of low-cap cash.
One such token is the BEST Pockets token, a presale providing from main web3 pockets, BEST Pockets. It’s already raised $7.6M with its promise of enhanced utility and entry to the broader BEST Pockets ecosystem for $BEST token holders.
The $BEST token seems to be set to experience the identical wave Ripple’s XRP is on; main market momentum buoyed by sturdy fundamentals and a bullish outlook from US authorities regulators. The token is a part of a wave of rising crypto presales which are poised for large strikes.
Trump’s presidency might make him the primary crypto president. He’s actually going all-in on crypto, as current developments like his plan to begin a nationwide crypto reserve for the US present.
Trump Household Enters the Cryptocurrency Enviornment
In a stunning transfer simply three days earlier than his inauguration, President-elect Donald Trump introduced the launch of a meme coin, $TRUMP, on the Solana blockchain. The coin’s market cap rapidly soared to over $9B following its sudden launch.
First Woman-elect Melania Trump then launched her personal meme coin, $MELANIA, which additionally garnered vital consideration, stealing $TRUMP’s present and elevating 12B market cap in below 3 hours, earlier than petering off.
Whether or not you can purchase $TRUMP or $MELANIA is dependent upon your urge for food for threat and volatility. However by all accounts, the Trump-family tokens have already turn into large market movers. After all, it’s at all times greatest to do your individual analysis, and don’t take anybody’s phrase as monetary recommendation! Volatility is, as at all times, the secret with crypto.
However even when nothing greater than a pre-election PR stunt, each $TRUMP and $MELANIA are clear indicators of simply how pro-crypto Trump’s administration intends to be.
With $XRP and $TRUMP surging, and $BEST set to make a transfer, the yr 2025 is quickly shaping as much as be a banner yr for the crypto world.