The post XRP Price Prediction: Donald Trump’s Fund Buying XRP, Hedera Sparks Optimism For The Tokens appeared first on Coinpedia Fintech News
With the year coming to an end, XRP is finally showing signs of recovery after taking a bearish turn. With reports indicating that Donald Trump’s fund is purchasing XRP, there are speculations over its impact on the token’s value. Lets dive deeper to know XRP price prediction and what it means for the investors.
XRP is currently trading at $2.30, up over 16% in the last 24 hours. After a slight decrease in the past week, the price of XRP is experiencing a modest recovery. Meanwhile, Bitcoin (BTC) is hovering around $99,000, which is fueling optimism in the market.
Besides, Mark Yusko, founder of Morgan Creek Capital Management, recently highlighted Donald Trump’s alleged involvement in cryptocurrency investments. Yusko claimed that Trump and his son Eric have been actively acquiring digital assets, including Bitcoin (BTC), Hedera (HBAR), and Ripple’s XRP. According to Yusko, Trump’s investments, particularly in HBAR and XRP, could position him at the forefront of ETF approval for these cryptocurrencies.
BREAKING: Famous hedge fund manager confirms that President Trump is buying $HBAR and $XRPThis intensifies the earlier testimony by someone close to the Trump transition team regarding Trump planning a national reserve of made in America cryptocurrencies under the… pic.twitter.com/Y49taNQI0u
— Shawn (@oroogle) December 20, 2024
Notably, this also aligns with earlier claims from a source close to Trump’s transition team, hinting at a national cryptocurrency reserve. Trump’s support for cryptocurrencies could positively impact XRP, driving a positive trend in its price.
On-chain analyst Ali Martinez recently shared that whales bought 80 million XRP since the price correction began on December 17. Another Crypto analyst recently shared an X post highlighting a comparison between XRP’s 2017 and 2024 price trends.
The chart shared in the post suggests XRP could mimic its previous bull run, potentially reaching $8–$13. The analysis shows historical patterns aligning with current market behavior, fueling excitement among XRP holders.
