Look out, here comes XRP! In the wake of the US presidential elections, XRP’s engine began to rev. Now, with the inauguration of President Trump only hours away, XRP is taking off!
XRP Rides To Near All-Time High
Ripple’s cryptocurrency, XRP, soared to a near all-time high, peaking at $3.31 with a 6.35% increase in 24 hours.
Mounting optimism around Ripple has fueled the charge. There’s increased buzz about the approval of XRP-based Exchange-Traded Funds (ETFs) and favorable developments in its long-standing legal battle with the U.S. Securities and Exchange Commission (SEC).
The SEC initially filed a lawsuit against Ripple in 2020, accusing the company of conducting unregistered securities offerings. However, recent rulings have taken a positive turn for Ripple, with a judge imposing a $125M fine—far below the SEC’s initial demand of $2B.
The SEC’s subsequent appeal comes as expected. But with soon-to-be President Trump incoming, many investors expect the more crypto-friendly regulatory environment to reduce the likelihood that the SEC will win any notable reversal.
In the meantime, Ripple’s leadership has expressed confidence in the likelihood of XRP ETFs following in the footsteps of Bitcoin and Ethereum ETFs.
CEO Brad Garlinghouse recently met with President-elect Donald Trump, further fueling speculation about regulatory changes and an environment turning notably pro-crypto.
The nomination of Paul Atkins as the new SEC Chair – a decidedly pro-crypto voice – is also anticipated to pave the way for more cryptocurrency ETFs.
A New Era of Low-Cap Coins?
Memecoins enjoyed a strong end to 2024 and a steady increase in 2025 so far. With Bitcoin continuing to climb and XRP surging, the blue-chip cryptos are setting the stage for a resurgence of low-cap coins.
One such token is the BEST Wallet token, a presale offering from leading web3 wallet, BEST Wallet. It’s already raised $7.6M with its promise of enhanced utility and access to the broader BEST Wallet ecosystem for $BEST token holders.
The $BEST token looks set to ride the same wave Ripple’s XRP is on; major market momentum buoyed by strong fundamentals and a bullish outlook from US government 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 recent developments like his plan to start a national crypto reserve for the US show.
Trump Family Enters the Cryptocurrency Arena
In a surprising move just three days before his inauguration, President-elect Donald Trump announced the launch of a meme coin, $TRUMP, on the Solana blockchain. The coin’s market cap quickly soared to over $9B following its unexpected release.
First Lady-elect Melania Trump then launched her own meme coin, $MELANIA, which also garnered significant attention, stealing $TRUMP’s show and raising 12B market cap in under 3 hours, before petering off.
Whether you should buy $TRUMP or $MELANIA depends on your appetite for risk and volatility. But by all accounts, the Trump-family tokens have already become big market movers. Of course, it’s always best to do your own research, and don’t take anyone’s word as financial advice! Volatility is, as always, the name of the game with crypto.
But even if nothing more than a pre-election PR stunt, both $TRUMP and $MELANIA are clear indicators of just how pro-crypto Trump’s administration intends to be.
With $XRP and $TRUMP surging, and $BEST set to make a move, the year 2025 is rapidly shaping up to be a banner year for the crypto world.
Source: NewsBTC