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.

In a bold move towards reshaping America’s crypto future, President-elect Donald Trump’s team is reportedly in talks with key cryptocurrency industry leaders to draft a more lenient regulatory framework. This shift aligns with Trump’s campaign vision to make the U.S. the “crypto capital of the planet.”

Key Highlights:

Crypto-Friendly Appointments: Trump’s team is considering crypto-savvy candidates for pivotal roles in the SEC, CFTC, and FDIC, with names like Daniel Gallagher (Robinhood), Hester Peirce, and Paul Atkins in the mix.

Presidential Council on Digital Currencies: Discussions are underway to establish a council specifically focused on digital currency integration.

Executive Orders on Crypto: Trump’s administration is exploring executive orders to clarify and streamline federal oversight of digital assets.

With these potential regulatory adjustments, crypto leaders and investors are optimistic about the future. However, some warn of risks, recalling the FTX collapse of 2022 as a cautionary tale.

Could Trump’s next term solidify America’s dominance in the crypto world? Stay tuned as the regulatory landscape evolves!

During his campaign, Donald Trump laid out a bold vision for the cryptocurrency sector, making 11 key commitments that have sparked intense debate. Here’s a breakdown of his pledges:

1. Remove SEC Chairman Gary Gensler on Day One – A move that would signal an immediate shift in regulatory stance.

2. Create a ‘National Bitcoin Reserve’ – Positioning Bitcoin as a strategic asset for the country.

3. Position the U.S. as the ‘Global Hub for Bitcoin and Cryptocurrency’ – Aiming to make the U.S. the go-to destination for crypto innovation and investment.

4. Retain the U.S. Government’s Holdings of 203,650 BTC – Preserving the significant Bitcoin reserves currently under federal control.

5. Abolish Capital Gains Tax on Bitcoin – A game-changing tax policy to incentivize investments and transactions.

6. Support Domestic Bitcoin Mining – Encouraging mining operations within the U.S. to secure its position as a global leader.

7. End Regulatory Crackdowns – Easing the pressure on crypto firms and creating a more welcoming environment.

8. Form a ‘Presidential Advisory Committee on Bitcoin and Cryptocurrency’ – Establishing a dedicated body for crypto policy and strategic advice.

9. Ensure the Right to Self-Custody of Digital Assets – Safeguarding individuals' rights to hold and manage their cryptocurrencies without third-party intervention.

10. Reject Central Bank Digital Currencies (CBDCs) – Opposing the idea of government-issued digital currency to promote decentralization.

11. Reduce Ross Ulbricht’s Double Life Sentence – Addressing the controversial sentencing of the Silk Road founder.

The real question is: how feasible are these commitments, or are they merely ambitious campaign promises?

Some pledges, such as firing the SEC Chairman and creating a pro-crypto advisory committee, could be implemented relatively swiftly with executive authority. Supporting domestic Bitcoin mining and promoting crypto-friendly policies might also see progress, aligning with Trump’s business-friendly stance. However, more complex promises, like establishing a national Bitcoin reserve and eliminating capital gains tax, would require legislative backing and face significant challenges in Congress.

Retaining the U.S. government’s substantial BTC holdings could be feasible, but abolishing capital gains tax and positioning the U.S. as the top global crypto hub are ambitious targets with potential economic and political hurdles. The pledge to pardon or reduce Ross Ulbricht’s sentence would ignite debates on legal and ethical grounds.

While these promises showcase a strong pro-crypto narrative, their actual execution will depend on navigating intricate legislative processes, regulatory bodies, and public opinion. Are these bold statements setting the stage for revolutionary crypto policy, or do they risk remaining as campaign rhetoric? Only time will reveal which, if any, of these ambitious commitments will come to life.

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