20.02.2025 11:13
Donald Trump created excitement in the cryptocurrency community by sharing an article about XRP on Truth Social. The post highlighted XRP's potential and the possibility of ETF approval, while a notable 26% increase in trading volume was observed. Ripple's ongoing battle with the SEC is also drawing more interest from investors.
Donald Trump created a huge excitement in the cryptocurrency community by sharing an article about XRP on the Truth Social platform. This situation increased speculation about the future of XRP, while also leading to a significant rise in trading volume. Ripple's situation with the SEC has also become another topic of interest for investors.
Trump's Post Marks a New Era for XRP
Donald Trump increased excitement and speculation in the XRP community by sharing an article about XRP on the Truth Social platform. An article published by CoinDesk in January noted that Ripple CEO Brad Garlinghouse experienced an increase in deals and hiring efforts in the U.S. following Trump's election victory in November.
Trump's post quickly garnered 6.3 thousand likes and 268 comments. Most of the comments discussed XRP's potential with phrases like "XRP to the moon," emphasizing that XRP should be the base currency of a U.S. crypto reserve. Following the post, although the XRP token remained stable at $2.53, the 24-hour trading volume increased by 26%, reaching $5.5 billion.
This development came shortly after a criticism directed at the U.S. Securities and Exchange Commission (SEC) by the Government Efficiency Department (DOGE) led by Elon Musk. This situation could yield positive results for Ripple, as Ripple is undergoing an appeals process against the SEC's objection regarding its unregistered securities offering in 2020. Additionally, there are expectations that an exchange-traded fund (ETF) approval will occur within this year, as the SEC accepted an application made by the New York Stock Exchange and Grayscale last week.