#xrp新纪元
Brad Garlinghouse, the boss of Ripple, the parent company of XRP, said that the price of XRP, a cryptocurrency, has soared by 70% since the election, mainly because the current policy supports cryptocurrencies, the supervision is more transparent, and the Robinhood platform has re-listed XRP.
Brad also specifically mentioned that he thinks President Trump is very friendly to the cryptocurrency industry and nicknamed him "Crypto President". He said that President Trump likes new technologies and new companies such as blockchain, which makes him full of expectations for the future.
Brad explained that cryptocurrencies like XRP have risen quickly because of much less regulatory pressure. He believes that the US Securities and Exchange Commission was too strict before, and now it has relaxed, so the price has gone up.
Now the price of XRP has risen to its highest point in two years, approaching $1. Some experts say that if it breaks the $1 mark, the price will continue to rise, and may reach $1.5.
In addition, XRP trading in the derivatives market has also become popular, with untraded contracts increasing by 13% to $1.5 billion. This is mainly because some big investors, also known as "whales", have started buying and selling XRP in large quantities. Such big moves generally mean that large institutions are participating in transactions or making large investment plans.
So far, XRP has exceeded $1, reaching a high of $1.26, and is expected to rise significantly this year.