The bull rally in the crypto market influenced by Donald Trump’s victory in the US presidential elections last week seemed to have missed Ripple (XRP)
Ripple (XRP) price finally showed some signs of life on Monday, rallying to a high of $0.745 – a level not seen in the past eight months. XRP price has been largely rangebound throughout 2024, failing to capitalize on the strong performance of other major coins like Bitcoin and Ethereum. However, the recent price surge might finally offer some respite to XRP holders who have been waiting patiently for a recovery in the coin’s value.
Various factors could be attributed to the sudden interest in XRP. One possibility is that XRP is a week late to the Trump-initiated bull rally, which began last week following news of Trump meeting Ripple’s CEO. Another reason could be the speculative rumors circulating on the X social media platform.
According to these rumors, which began last week, a member of Trump’s upcoming administration met with Ripple’s CEO to discuss a potential regulatory framework for digital assets. Prominent crypto author Zach Rector played a key role in spreading these rumors on X.
Well that was fast. XRP CEO liked my tweet about Trump meeting with him. As if we needed any more confirmation. Goodnight everyone. And good luck on your trades tomorrow. Be safe out there and trade responsibly. ♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫♬♩♭♪♫
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