Ripple Labs, the company behind XRP, is eyeing a new era of possibilities following Donald Trump’s recent presidential victory. Ripple CEO Brad Garlinghouse expressed optimism about the potential shift in U.S. cryptocurrency regulations under the new administration.
XRP skyrockets 188%, reaching $1.449 from $0.5031 in just two weeks under trumps victory.
Raoul Pal reveals he holds XRP tokens bought during 2020's legal battles.
Pal’s strategy focuses on XRP’s future growth potential, despite past underperformance.
Garlinghouse highlighted the inefficiencies in current cross-border payment systems, calling them “slow and expensive.” He believes Ripple’s blockchain-powered solutions, using XRP, could transform these outdated systems, offering faster and cheaper alternatives.
This strategic focus could position Ripple as a leader in financial innovation both in the U.S. and globally.
XRP’s Price Soars Over 188%
XRP’s price performance has been extraordinary. Since Trump’s victory, the token has surged by an impressive 188%, rising from $0.5031 to $1.449 in just two weeks. This surge marks XRP’s highest price since September 2021, sparking investor interest.
As of now, XRP is trading at $1.48, solidifying its position as the sixth-largest cryptocurrency. However, it remains 130% below its all-time high of $3.317, set in January 2018