Market Cap: $2.6993T -1.120%
Volume(24h): $73.8639B 4.390%
  • Market Cap: $2.6993T -1.120%
  • Volume(24h): $73.8639B 4.390%
  • Fear & Greed Index:
  • Market Cap: $2.6993T -1.120%
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
Top News
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
bitcoin
bitcoin

$82992.240739 USD

-0.74%

ethereum
ethereum

$1905.557390 USD

-0.09%

tether
tether

$1.000184 USD

0.02%

xrp
xrp

$2.288240 USD

-2.48%

bnb
bnb

$639.836036 USD

0.18%

solana
solana

$125.371788 USD

-2.70%

usd-coin
usd-coin

$1.000156 USD

0.01%

cardano
cardano

$0.709189 USD

-2.10%

dogecoin
dogecoin

$0.168054 USD

-3.39%

tron
tron

$0.225003 USD

5.02%

chainlink
chainlink

$14.178727 USD

2.78%

unus-sed-leo
unus-sed-leo

$9.821699 USD

-0.06%

toncoin
toncoin

$3.542072 USD

3.56%

stellar
stellar

$0.270845 USD

-0.96%

hedera
hedera

$0.188253 USD

-1.44%

Cryptocurrency News Articles

Ripple XRP: A Strategic Crypto Asset Under the Trump Administration

Jan 19, 2025 at 02:06 am

Ripple (XRP) has seen a remarkable surge in recent days, adding nearly 30% to its value and hitting a new all-time high of £2.76 ($3.36) per token on January 17. This impressive rally comes amidst growing optimism within the crypto market, particularly following news leaks that suggest President-elect Donald Trump's incoming administration may prioritize cryptocurrencies like XRP, Solana and the USDC stablecoin for facilitating cross-border payments.

A report by the New York Post reveals that Trump is considering the creation of a crypto reserve, which would see XRP playing a key role in enabling efficient cross-border payments. Sources close to the discussions claim that Trump's openness to XRP is largely attributed to his meetings with Ripple CEO Brad Garlinghouse and Coinbase CEO Brian Armstrong, who have been actively advocating for the token's inclusion in a broader national reserve.

According to Arthur Azizov, CEO of B2BInPay, XRP has demonstrated “remarkable strength” in comparison to other cryptocurrencies. As XRP continues to break through significant resistance levels, the token appears to be on a clear upward trajectory. Azizov boldly predicts that XRP could reach a price of over £8.2 ($10) by 2025, particularly if Ripple further solidifies its role within the international payments system.

The XRP price surge is also largely fueled by growing optimism regarding the ongoing SEC lawsuit, with investors hoping that the Trump administration's pro-crypto stance will foster a favorable regulatory environment for Ripple. As the legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) nears its conclusion, industry experts are optimistic that the matter will finally be resolved under Trump's leadership.

Analysts speculate that Trump's appointment of pro-crypto officials, such as Paul Atkins as SEC chief and David Sacks as AI and crypto czar, could lead to the dismissal of the case. Furthermore, Ripple's approval of its stablecoin, known as RLUSD, has significantly bolstered XRP's outlook. The stablecoin, which is set to transact on the Ethereum blockchain, has already surpassed £82.02 million ($100 million) in daily transaction volume. This approval marks a significant achievement for Ripple within the digital asset space and provides further support for XRP's future prospects.

In addition to these key developments, the U.S. core inflation rate for December came in at 3.2%, which fell short of the anticipated 3.3% and sparked a crypto market rally. This cooling inflation is helping to fuel confidence in digital assets like XRP, especially considering that inflation concerns weighed heavily on investor sentiment throughout 2022.

As reports continue to emerge, suggesting that Ripple could be the next candidate for a spot exchange-traded fund (ETF) after Bitcoin and Ethereum, the XRP price outlook becomes even more promising. According to JPMorgan, the potential launch of a Ripple spot ETF could attract £6.88 billion ($8.4 billion) in funds within the first year, which would have a massive impact on XRP's price.

Moreover, Ripple's president, Monica Long, is optimistic that Trump's team will quickly approve a Ripple ETF, further propelling the crypto's momentum in 2025. The crypto market rally, which has been driven by a combination of factors including XRP's positive performance, cooling inflation, and optimism over regulatory clarity, has positioned XRP to experience significant price gains.

As President-elect Trump places crypto at the forefront of his economic policy priorities, XRP is emerging as a top contender for institutional adoption. Analysts are predicting that the XRP price surge will continue, especially as Ripple's global partnerships with financial institutions push the coin further into mainstream use. With the potential approval of a Ripple spot ETF and Trump's commitment to creating a favorable regulatory environment, XRP's future looks exceptionally promising.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Other articles published on Mar 18, 2025