Ripple's XRP has experienced a strong start to 2025, with its price breaking above $3 for the first time since 2018. The rally is reportedly fueled by expectations that President-elect Trump will support a crypto-friendly regulatory framework and drop the ongoing SEC lawsuit against Ripple and XRP. The potential approval of XRP ETFs by the SEC in the near future has also boosted confidence in the market. Ripple's CEO, Brad Garlinghouse, has met Trump in the past, indicating a potential influence on the incoming administration. Ripple's total XRP holdings have dramatically increased in value since the 2024 US elections. The surge in XRP price can be attributed to Ripple's campaign plans to influence the November 2024 elections and change crypto policy. The success of Ripple's campaign has turned the crypto industry into a key power center in Washington and is expected to change the legality of XRP. Crypto firms have donated millions to Trump's inauguration fund in the hopes of gaining favor from the incoming government.



Other News from Today