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Cryptocurrency News Articles
XRP Poised to Shine as Donald Trump's Second Term Inauguration Approaches
Jan 19, 2025 at 03:25 am
As Donald Trump second term inauguration approaches on January 20, 2025, the cryptocurrency market is buzzing with anticipation. A recent poll saw XRP emerge as the crypto asset most likely to gain in the wake of Trump's swearing-in, with 41% of voters predicting a surge for the Ripple-backed cryptocurrency.
As Donald Trump's second term inauguration approaches on January 20, 2025, the cryptocurrency market is abuzz with anticipation. A recent poll conducted by cryptocurrency news and price tracking platform CoinMarketCap has revealed XRP as the crypto asset most likely to gain in the wake of Trump's swearing-in, with 41% of voters predicting a surge for the Ripple-backed cryptocurrency.
The poll, which asked readers to choose the cryptocurrency they believe will perform the best on Inauguration Day, saw XRP take a commanding lead. The results are as follows:
The numbers suggest a strong market sentiment surrounding XRP, which is hardly surprising given its massive gains over the past year. A 32% growth in the last month and a 478% increase over the last year are bound to pique investor interest, especially if Trump's presidency ushers in crypto-friendly policies.
But XRP's surge isn't merely due to its impressive price growth. It also has to do with Trump's recent interactions with Ripple executives, which have raised speculation that a Trump administration could provide more favorable conditions for XRP to thrive.
Created by Ripple Labs, XRP is already a key player in the crypto world, particularly due to its focus on cross-border transactions and its potential role in the global financial ecosystem. In addition to the political developments, the upbeat market sentiment surrounding XRP also comes after a poll in December 2024, where 24% of readers felt that XRP would outperform top cryptocurrencies like Bitcoin, Ethereum, and Solana in 2025. With the U.S. government now likely to make decisions on crypto regulations, XRP's potential is expected to only increase.
While Bitcoin and Dogecoin remain strong, XRP has surged past them in terms of market expectations. Bitcoin, which is still up by an impressive 145% over the last year, faced a 1.6% decline over the last month, putting it slightly on the backburner for some investors.
Dogecoin, on the other hand, is still experiencing significant community-driven enthusiasm, with a 414% increase over the last year. However, many believe XRP is the cryptocurrency to watch moving forward, especially as investors await potential crypto-friendly policies from the newly re-elected president.
With Trump's January 20th inauguration and potential policy announcements, there's speculation that these could play a significant role in driving the cryptocurrency market forward. Should Trump's speech lean toward crypto-positive policies, it could ignite a rally for XRP, further confirming its position as a key cryptocurrency in 2025.
Given the current momentum and Trump's possible impact on the regulatory landscape, XRP has a clear path to further growth. The optimism surrounding XRP is building as its community and investors remain hopeful that a pro-crypto administration could lead to a rise in adoption and favorable legislation. Investors are keenly watching how Trump's inauguration speech will affect the broader market.
As XRP continues to gain traction, it is positioned to be one of the most promising cryptocurrencies in 2025. With Bitcoin, Dogecoin, and others facing challenges, XRP's market positioning and recent performance could set it apart as a leading cryptocurrency in the year ahead.
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