According to BlockBeats, Ripple CEO Brad Garlinghouse has reported a notable increase in the company's business within the U.S. market, driven by optimistic expectations regarding the Trump administration's policies. Garlinghouse highlighted that in the last six weeks of 2024, Ripple's U.S. transaction volume surpassed the total of the previous six months. Additionally, 75% of the new positions created by Ripple have been concentrated in the United States. This shift is attributed to the perception that the Trump administration is more favorable towards cryptocurrencies, prioritizing innovation and job growth.
Ripple has also contributed $5 million worth of XRP to support Trump's upcoming presidential inauguration. Since Trump's election, the price of XRP has surged by over 300%, with increased trading volume in the South Korean market contributing to XRP's price volatility and overall upward trend.