The bull market triggered and supported by #donaldtrump 's victory in the US presidential election on the 24th last week does not seem to have affected Ripple's own token, at least until this morning.
Over the past week, $XRP
has managed to grow in price a little, but this is nothing compared to the sharp rise in prices for bitcoin, Cardano, Dogecoin, Shiba Inu and many other cryptocurrencies
The situation with XRP, which this week gave way to $DOGE
in the top 10 digital assets by market capitalization, has changed today: it has significantly increased in price from $ 0.6 to $0.741 (on Bitstamp). This is the highest price that the cryptocurrency has reached in the last eight months.
The crypto community was delighted with the rise in the exchange rate, which many expected, and began posting festive tweets with even more impressive forecasts.
The reasons for this jump may be different. On the one hand, XRP may have just been late to the party hosted by Trump and joined it a week late. This seems to be a fairly simple explanation, since the company has not made any statements about it.
However, this may also be due to some speculative rumors circulating around X. One popular author covering financial markets recently wrote that Ripple CEO Brad Garlinghouse followed the lead of Charles Hoskinson of Cardano and actually met with Trump or someone from his future administration to discuss a potential regulatory framework for cryptocurrencies.
Although there was no official statement from Garlinghouse, the author — Zach Rector — posted a tweet in which he indicated that the CEO of Ripple liked his initial publication, which, in his opinion, is sufficient confirmation