BlockBeats news, on January 6, according to CoinDesk, Ripple CEO Brad Garlinghouse stated that due to optimistic expectations regarding Trump administration policies, Ripple's business in the U.S. market has significantly increased.
Garlinghouse mentioned that Ripple's trading volume in the U.S. during the last six weeks of 2024 exceeded the total of the previous six months, and 75% of new positions have been concentrated in the U.S. This change is attributed to the Trump administration being perceived as more favorable to cryptocurrencies, prioritizing innovation and job growth.
Ripple has donated $5 million worth of XRP to support Trump's upcoming presidential inauguration. Since Trump's election, the price of XRP has increased by over 300%, and the growth in trading volume in the South Korean market has also driven the price fluctuations of XRP and its overall upward trend.
