Look out, here comes XRP! In the wake of the US presidential election, XRP’s engine started turning. With President Trump’s inauguration just hours away, XRP is taking off!
XRP rises to near record highs
Ripple’s cryptocurrency, XRP, rose to a near all-time high, peaking at $3.31 with an increase of 6.35% in 24 hours.
The increasing optimism around Ripple has fueled the attack. There is increasing buzz about the approval of XRP-based Exchange-Traded Funds (ETFs) and favorable developments in the long-standing legal battle with the US Securities and Exchange Commission (SEC).
The SEC initially filed a lawsuit against Ripple in 2020, accusing the company of offering unregistered securities. However, recent rulings have taken a positive turn for Ripple, with a judge imposing a $125 million fine – far below the SEC’s initial demand of $2 billion.
The SEC’s subsequent appeal comes as expected. But as President-elect Trump takes office, many investors expect the more crypto-friendly regulatory environment will reduce the chances of the SEC winning a notable turnaround.
In the meantime, Ripple’s leadership has expressed confidence in the likelihood that XRP ETFs will follow in the footsteps of Bitcoin and Ethereum ETFs.
CEO Brad Garlinghouse recently met with newly elected President Donald Trumpfurther fueling speculation about regulatory changes and an environment becoming notably pro-crypto.
The appointment of Paul Atkins as the new SEC chairman – an outspoken pro-crypto voice – is also expected to pave the way for more cryptocurrency ETFs.
A new era of low-cap coins?
Memecoins had a strong end to 2024 and a steady rise in 2025 so far. As Bitcoin continues to rise and XRP rises, blue-chip cryptos are paving the way for a resurgence of low-cap coins.
One such sign is the BEST Wallet Tokena pre-sale offer from the leading web3 wallet, BEST wallet. It has already raised $7.6 million with the promise of improved utility and access to the broader BEST Wallet ecosystem for $BEST token holders.
It looks like the $BEST token will ride the same wave as Ripple’s XRP; The high market momentum is supported by strong fundamentals and a bullish outlook from US regulators. The token is part of a wave of emerging crypto presales that are poised for big moves.
Trump’s presidency could make him the first crypto president. He’s certainly going all-in on crypto, as evidenced by recent developments like his plan to start a national crypto reserve for the US.
Trump Family Enters the Cryptocurrency Arena
In a surprise move just three days before his inauguration, newly elected President Donald Trump did just that announced the launch of a meme coin, $TRUMP, on the Solana blockchain. The coin’s market capitalization quickly rose to over $9 billion after the unexpected release.
First Lady-elect Melania Trump then launched her own meme coin, $MELANIA, which also attracted a lot of attention, stole the show from $TRUMP and reached a market cap of 12 billion in less than 3 hours before disappearing again.
Whether you should buy $TRUMP or $MELANIA depends on your risk appetite and volatility. But by all accounts, the Trump family tokens have already become major market movers. Of course, it’s always best to do your own research and not take anyone’s word as financial advice! Volatility is, as always, the name of the game with crypto.
But even if it’s nothing more than a pre-election PR stunt, both $TRUMP and $MELANIA are clear indicators of how pro-crypto the Trump administration plans to be.
Now that $XRP and $TRUMP are rising, and $BEST ready to make a move, the year 2025 is quickly becoming a banner year for the crypto world.
Credit : www.newsbtc.com
