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Cryptocurrency News Articles

XRP to the Moon: 5 Reasons to Be Long Ripple's XRP Coin as Trump Unleashes His Pro-Crypto Agenda

Jan 23, 2025 at 04:17 am

Reports suggest the Trump administration might expand its crypto reserve plans to feature U.S.-developed cryptocurrencies such as Ripple's XRP and Solana.

XRP to the Moon: 5 Reasons to Be Long Ripple's XRP Coin as Trump Unleashes His Pro-Crypto Agenda

Bitcoin price dropped below $104,000 on Monday morning as the market awaits the rollout of pro-cryptocurrency executive orders by President Trump.

Meanwhile, crypto world is abuzz with expectations of pro-crypto executive orders from President Trump. The first executive order is expected to repeal SAB 121, a regulatory guideline that required companies holding crypto on behalf of customers to classify it as a liability on their balance sheets. The repeal would be a huge win for the industry, as it alleviates the accounting burden and makes it easier for businesses to adopt crypto without fear of damaging their financial statements. This could unlock broader participation from institutional players and drive innovation in custodial services.

Traders are particularly optimistic about Trump’s proposed U.S. Strategic Bitcoin Reserve, which betting site Polymarket now pegs at a 60% likelihood, up 20% from last week.

As excited as we are about Bitcoin, with Trump preparing to unleash American innovation, it is Ripple’s XRP that has the strongest bull case right now. There are five key reasons for this. If you are looking to build a thesis for an increase in the XRP price in 2025, here is our bullish price prediction for Ripple and the XRP coin. Here are 5 top reasons to be long XRP.

1. XRP to Lead the America-First Crypto Reserve?

Reports suggest the Trump administration might expand its crypto reserve plans to feature U.S.-developed cryptocurrencies such as Ripple’s XRP and Solana. This proposed “America-First Strategic Reserve” would include Solana (an Ethereum rival), USDC (a stablecoin issued by Circle and supported by Coinbase), and XRP (created by Ripple for cross-border payments).

The New York Post, citing anonymous sources, reported that Trump is “receptive” to these ideas after discussions with Ripple CEO Brad Garlinghouse and Coinbase CEO Brian Armstrong. Speculation intensified when Garlinghouse was photographed with Trump at Mar-a-Lago, raising questions about the administration’s crypto strategy.

2. Strong Regulatory Tailwinds for Ripple’s XRP

Crypto markets are anticipating a significant shift in regulation with Trump’s victory. Trump’s pick for SEC Chair, Paul Atkins, is known for his crypto-friendly stance and is expected to push for clear guidelines fostering innovation. This would ease the regulatory pressures that have plagued Ripple and the wider industry under Gary Gensler’s leadership.

3. A New Pro-Crypto SEC Will End Its Case against Ripple

Yesterday’s shake-up at the SEC is a potential game-changer for Ripple and XRP. With the resignation of SEC Chair Gary Gensler and the appointment of pro-crypto Mark Uyeda as acting chair, the regulatory winds seem to be shifting. Uyeda’s favorable stance on digital assets could lead to a more supportive environment for cryptocurrencies. This change is particularly significant for Ripple, which has been entangled in a legal battle with the SEC over allegations of unregistered securities offerings. A leadership more attuned to the nuances of crypto could pave the way for a resolution in Ripple’s favor.

4. Ripple and XRP: Positioned for Disruption

Ripple’s XRP was designed to address inefficiencies in global payments, enabling fast, secure, and cost-effective cross-border transactions. Unlike Bitcoin, which is slower and costlier, XRP processes thousands of transactions per second. RippleNet, XRP’s underlying network, is already being used by financial institutions globally, and the potential market disruption is immense.

5. Technicals Look Strong for Ripple’s XRP

Finally, let’s end with a chart. On X, analysis CryptoWizard wrote, “HUGE $XRP SIGNAL. What if it’s only just beginning? On the Quarterly Chart XRPBTC is breakout out of a HUGE W-Pattern A breakout will result in a CRAZY BULLISH RALLY that will leave you speechless. XRP Price Target is is $4.00, but we won’t stop there…”

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Other articles published on Jan 23, 2025