XRP Poised for a Breakout Under Trump's Pro-Crypto Stance?

XRP price has jumped 7% today, climbing to $2.71, after U.S. President Donald Trump shared an article on TruthSocial highlighting Ripple's growing influence in the U.S. financial sector.

U.S. President Donald Trump shared an article on TruthSocial highlighting Ripple’s growing influence in the U.S. financial sector on Friday, which led to a 7% increase in XRP price today.

The article, originally published by the Daily Mail, discusses Ripple's expanding presence in the American banking system and the potential implications for XRP. Trump's endorsement of the blockchain company and its native token is expected to signal further support from the government for blockchain innovations. This development also strengthens the case for XRP's long-term adoption.

As a result of Trump's pro-crypto stance, XRP traders reacted positively, anticipating a more favorable regulatory environment for digital assets.

In another significant development, Brazil is set to launch the world's first spot XRP ETF, which will further increase institutional exposure to XRP.

According to analysts, this move could have a major impact on XRP adoption in Latin America, bringing new investment and institutional interest to the token.

"This could be a game-changer for XRP adoption in Latin America, with the potential to bring new investment and institutional interest in XRP," the analysts noted.

Considering that Brazil is a key market for cryptocurrencies, and XRP is already quite popular in the region, an XRP ETF could drive up demand for the token.

Moreover, the U.S. SEC has officially acknowledged new XRP ETF filings from Canary Capital and WisdomTree, in a step toward regulatory acceptance of XRP-based investment products.

This development comes after the SEC acknowledged Grayscale's XRP ETF application last month, which led to a 12% surge in XRP price at the time.

CoinCodex's XRP price prediction also remains bullish, with projections of over $4 by April 2025.

While XRP is still trading 31% below its all-time high of $3.92, CoinCodex's price model predicts that XRP could cross the $4 threshold within the next two years.

According to CoinCodex's analysis, XRP is expected to begin 2024 at $2.71, gradually rising to $3.02 by March and continuing to climb steadily throughout the year.

By the end of 2024, XRP is predicted to reach $3.72, setting the stage for a further surge into 2025. CoinCodex's projections indicate that XRP could cross the $4 mark by April 2025, reaching new all-time highs.