XRP, the native token of XRP Ledger, surged more than 2% on Wednesday, while most other cryptocurrencies suffered significant losses. The surge came as the broader crypto market was in a downturn, suggesting a notable XRP advantage, especially after Ripple CEO Brad Garlinghouse met with US President-elect Donald Trump.
Brad Garlinghouse posted a photo on the X platform of himself with Ripple’s chief legal counsel Stuart Alderotti and Trump, with the caption:
“Great dinner last night… Strong start to 2025.”
The announcement was enough to send XRP soaring in a volatile market.
While Bitcoin fell by about 2.5% and the CoinDesk 20 Index fell by 3% on Wednesday, XRP rose by more than 2%.
Since the November 2024 election, XRP has gained over 300%, making it the biggest gainer among major cryptocurrencies.
Investors see Garlinghouse’s meeting with Trump as a positive sign of potential support for financial and regulatory innovation.
The cooling of inflation and the US labor market could also put a damper on interest rate hikes, boosting cryptocurrencies in general.
Ripple is also preparing to launch an XRP exchange-traded fund (ETF), which could be launched in the US this year, according to company president Monica Long.
The company’s stablecoin RLUSD is set to list on the Bitstamp exchange after receiving regulatory approval in December.
According to Woorton, the head of trading at the firm, demand for XRP is rising, especially from retail brokers and crypto funds.
“This rally is fueled by positive news about Ripple and the launch of new products.”
According to market analysis, Ripple’s growing relationship with the incoming US administration could boost investor confidence, especially if Trump’s policies include support for cryptocurrencies.
XRP has been the best performer since November 2024, outperforming coins like Dogecoin, which has only doubled in value over the same period.
Data shows that XRP is seeing significant investor momentum, enabling it to maintain its strong position.
Nansen analyst Aurélie Barthier expects market volatility to continue, but notes that any clear signals on the Trump administration’s economic policies will help stabilize the market and potentially boost cryptocurrencies.
As Ripple continues to expand its product portfolio and integrate with financial infrastructure, RXP is expected to attract more institutional support. Including the listing of an ETF and stablecoins, this could further cement XRP’s position as a leading digital asset.
The focus on US financial policies will have a significant impact on the performance of XRP and other cryptocurrencies through 2025.
For all these reasons and data,
XRP has been rising thanks to political and regulatory factors, with its market strength expected to continue amid potential volatility. Ripple’s recent developments, including the launch of an ETF and stablecoins, put it in a strong position for further growth.