Ripple Labs is one of the crypto companies that is reaping the most benefits from the election of Donald Trump as president of the United States of America.
The new Republican representative has repeatedly expressed support for the crypto sector, declaring the intention to make the USA a true technological hub.
In particular, the Trump effect has a strong impact on those currencies like Ripple (XRP), which have had a difficult past with the SEC.
Future price forecasts can only be bullish.
Let’s see all the details below.
January 20 marks the anticipated inauguration of Donald Trump at the White House: the crypto market is grateful
Cryptographic companies like Ripple Labs and Uniswap Labs are over the moon after Donald Trump’s recent victory in the USA elections.
The new Republican president, now awaiting the Inauguration Day on January 20 at the White House, has repeatedly promised during the election campaign to bring benefits to the cryptocurrency sector.
Initially with the support for Bitcoin, designated as an asset to be added to the country’s treasuries, the tycoon then expressed his support towards the world of digital assets.
Trump himself had indeed stated in recent weeks that he would do everything to create a regulatory environment favorable to technological innovation.
The first signals have already arrived, even before his inauguration in Washington:
The SEC has been restructured, with Gary Gensler resigning in favor of the pro-crypto figure Paul Atkins.
BREAKING
GARY GENSLER WILL RESIGN
AS SEC CHAIRMAN IN 17 DAYS.
BULLISH FOR CRYPTO 
pic.twitter.com/pnZ2VaOL5f
— Ash Crypto (@Ashcryptoreal) January 4, 2025
The departure of Gary Gensler from the top of the SEC represents a true victory for companies like Ripple Labs that have had a difficult past with the agency.
In recent years, this oversight commission has strongly limited the expansion of crypto companies in the USA by filing various legal cases against them.
At the center of the SEC’s legal narratives was the concept of token security (and unauthorized public sales) which will now necessarily have to be abandoned.
This means that coins like XRP, UNI, LINK, AAVE (in general those of the DeFi sector) will no longer have the weight of potential repercussions on their parent companies.
Not by chance, in recent weeks we have witnessed a bull rally of these cryptocurrencies, favored by the impact of Donald Trump’s victory.
Now it is expected that with its inauguration, it can continue the optimistic streak in the market, also boosted by the new tax-friendly economic policies.
Ripple is focusing more in the United States after the resignation of Gary Gensler
After the election of Trump, Ripple decided to further focus its activities in the United States, benefiting from the new pro-crypto administration.
The CEO of Ripple, Brad Garlinghouse, stated in this regard that 75% of the company’s job positions are now based in the USA.
The same CEO added that the cross-border payments crypto company has concluded numerous agreements in the country after the November elections.
More specifically, it emerges how in a few weeks more partnerships have been signed than in the last 6 months, highlighting the proactive sentiment towards the crypto industry.
As mentioned earlier, this change was made possible by the resignation of Gary Gensler, considered an obstacle for Ripple’s activities in the United States.
In a post on January 5, Garlinghouse highlighted how the SEC could soon give a new boost to innovation, under the guidance of experts Scott Bessent, David Sacks, and Paul Atkins. In this regard, the Trump effect and support for crypto could have a very positive impact on the country’s employment growth.
2025 is here and the Trump bull market is real. For Ripple, this is even more personal after Gensler's SEC effectively froze our business opportunities here at home for years. The optimism is obvious and very deserved.
Today:
75% of Ripple’s open roles are now US-based, while…
— Brad Garlinghouse (@bgarlinghouse) January 5, 2025
Not only Ripple, but also the executives, investors, and developers of other projects have expressed optimism about the development potential of cryptocurrencies under the new administration.
The more favorable regulatory climate that will be introduced by Donald Trump is already affecting the way crypto companies view the United States.
For example, the miner Hive Digital recently announced that it will move its headquarters from Vancouver, Canada, to San Antonio, Texas, in the United States.
Morgan Stanley, one of the largest financial institutions in the world, is considering implementing crypto trading within its E-Trade platform.
The founder of ARK Invest, Cathie Wood, has predicted a Bitcoin price of 1 million dollars by 2030, precisely thanks to the new pro-innovation policies.
Price Forecast for Ripple(XRP): Here is the Trump Effect
The Trump effect has already significantly influenced the price of Ripple (XRP), leading to an increase of +365% from the elections to today.
The quotations of the currency have gone from 0.5 dollars on November 6, 2024, to the current 2.38 dollars.
Ripple and its currency XRP have literally taken off, moving significantly away from the 50-period moving average on the daily chart.
After the local top at 2.9 dollars on December 3, 2024, the coin has started a slight retracement phase, which now seems almost at its end.
With Trump’s Inauguration Day, investors expect a new bullish push on the price of XRP, enough to overcome the main graphical resistances.
The appointment of Paul Atkins as the new chairman of the US SEC brings new hopes for Ripple: some believe that an ETF spot XRP could soon be approved, with new investment capital flowing into the crypto asset.
This would certainly create bullish connotations on XRP, enough to bring it above the psychological threshold of 3 dollars.
According to the forecasts of Coin Codex, Ripple’s coin will rise by another 63% from here and reach the target of 3.96 dollars by April 6, 2025.
The current sentiment is particularly bullish, with the Fear and Greed Index at the level of 72 which could fuel a new leg up.
As reported by CoinCodex: “Based on the XRP forecast, now is a good time to buy.”
It is worth noting, however, that in the short term, despite the positive outlook, there could be some unpleasant surprises if XRP fails to break the bull flag currently in progress.
A potential dump of Bitcoin would push the asset downward, with the risk of going below the support of 2 dollars and ruining the ongoing structure.
In the coming days, the real game for the fate of the entire Q1 2025 is at play: maximum attention traders!
