Ripple’s $XRP has taken the crypto world by storm, surging 70% post-election to a two-year high of $0.9193. Ripple CEO Brad Garlinghouse has linked this dramatic rally to pro-crypto policies, regulatory clarity, and Robinhood’s $XRP relisting, which have ignited market optimism.
Trump: The “Crypto President” Sparking Innovation
In a recent interview with FOX Business, Garlinghouse referred to President-elect Donald Trump as a “crypto president”, praising his openness to blockchain innovation and entrepreneurship.
> “The crypto industry has embraced Trump, and he has embraced the crypto industry. He sees innovation, he sees opportunity, and I’m excited about what the future holds,” said Garlinghouse.
What’s Driving XRP’s Rally?
1. Regulatory Relief: The U.S. SEC’s reduced pressure has allowed U.S.-linked crypto assets, like $XRP , SOL, and ADA, to rebound sharply.
2. Technical Breakout: XRP recently broke out of a symmetrical triangle pattern, heading toward the key $1.00 resistance level.
3. Institutional Momentum: Whale activity is booming, with a single 60M XRP transaction worth $52.8M indicating strong institutional interest.
Bullish Projections for XRP
Key Resistance: $1.00 – Breaking this level could open doors for a surge to $1.50.
Trading Volume Spike: XRP’s trading volume rose 25%, hitting $11.70B in 24 hours, further bolstering bullish sentiment.
Derivatives Market On Fire
Open interest in XRP derivatives has climbed 13%, reaching $1.5B, reflecting heightened speculative interest and whale-driven strategies.
What’s Next for XRP?
With growing institutional backing, a bullish technical setup, and easing regulatory barriers, analysts believe XRP is primed for even greater heights. Watch closely as it approaches the critical $1.00 resistance zone—a breakout could ignite a rally to new multi-year highs.
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