After CEOs' Trump meal, Ripple's XRP may rebound

Over $670 million in earnings were achieved when XRP partially rebounded from the market fall.

Ripple's president suggests an XRP ETF might launch on Wall Street after Bitcoin and Ethereum.

XRP's next move may depend on a bullish pennant breakthrough after its recovery off the 50-day SMA.

Wednesday's good reaction to Ripple CEO Brad Garlinghouse's meal with incoming US President Donald Trump lifted XRP 2%. XRP might break over the top boundary line of a bullish pennant formation if the current rebound momentum holds.

XRP leads crypto market rebound after CEO-Trump dinner.
The crypto market crashed on Tuesday, giving XRP holders almost $670 million. Most traded coins were less than a year old, showing how volatility affects short-term holders.

XRP has recovered marginally from selling pressure, unlike other leading cryptocurrencies. Market optimism over Ripple CEO Brad Garlinghouse and CLO Stuart Alderoty's meal with Donald Trump drove the rebound.

Most observers expect Ripple's legal struggle with the SEC to conclude due to its good connection with the incoming Trump administration.

SEC Chair Gary Gensler is scheduled to resign on January 20, and his successor, Paul Atkins, may not appeal Judge Analisa Torres' final verdict on Ripple.

The SEC challenged Judge Torres' order on institutional XRP sales and Ripple executives Brad Garlinghouse and Chris Larsen's personal transactions.

Ripple President Monica Long told Bloomberg Crypto that new crypto ETFs would emerge in 2025, with XRP "likely to be next in line after Bitcoin and Ethereum."

#Trump #xrp #BradGarlinghouse $BTC $XRP $ETH