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Cryptocurrency News Articles
Ripple's XRP Token Soars Above $1 Amid Speculation of a Potential Meeting Between President-elect Donald Trump and Ripple CEO Brad Garlinghouse
Nov 16, 2024 at 09:48 pm
Ripple's XRP token has soared above $1—its highest level since November 2021—amid growing speculation surrounding a potential meeting between president-elect
Key points to note:
Over the past week, XRP has recorded an 89% gain, trading at $1.09 at the time of writing, according to CoinGecko.
This surge has propelled XRP back into the top six crypto assets by market capitalization, surpassing Dogecoin.
Rumors of a meeting between Trump and Garlinghouse have surfaced, with the Ripple CEO liking a post that mentioned the meeting.
Although Garlinghouse has not explicitly confirmed the meeting, his engagement in the post is being taken as an endorsement of the claim.
In an interview with FOX Business, Garlinghouse jokingly avoided providing specifics about the meeting, leading the anchor to interpret his response as confirmation.
These rumors come as Trump is positioning himself for a return to power, and there are hopes among crypto investors that his administration would be more favorable towards crypto regulations.
The bullish price movement also follows SEC Chair Gary Gensler hinting at a potential departure from his role during a Thursday speech at the Practising Law Institute’s Annual Institute on Securities Regulation.
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