The Trump effect increased the value of XRP by 125 billion dollars.

Ripple's XRP investments have reached an all-time high of $125 billion ahead of the 2024 elections. This significant financial success highlights the impact of the U.S. crypto industry on the political arena and how it has benefited from Trump's re-election.

XRP Market Value Reaches All-Time High

The native cryptocurrency of Ripple, one of the leading companies in the cryptocurrency world in the United States, has recently seen a remarkable rise. Since 2016, XRP has experienced a total increase of $125 billion in value, becoming the focus of investors due to its performance during the Trump era.

According to election day data from Ripple, the company holds $4.44 billion worth of liquid assets and $39 billion worth of blocked assets in XRP. Founded in 2012, the company has achieved significant financial success through this digital asset.

Before the elections, XRP was trading at around $0.50, but it recently reached a historic high of $3.38, the highest level in the last 7 years. The value of the company's XRP reserves increased from $21 billion in November to $146.48 billion.

As one of America's leading cryptocurrency companies, Ripple has been working intensively to shape the country's crypto policies in the 2024 elections. The company launched a $300 million super PAC campaign in collaboration with Coinbase and Andreessen Horowitz to remove regulatory barriers facing the industry.

The campaign bore fruit with the success of the supported candidates in the November elections. Significant changes are expected in the new administration's approach to cryptocurrencies. After taking office, Trump announced that he would support the sector, and Ripple made the largest donation of $5 million to his presidential fund. This move is seen as a strategic step to attract the attention of the new administration.