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XRP FUD Dispelled as Trump’s Pro-Ripple Stance Gains Traction

Ripple and XRP are back in the spotlight as rumors of a strained relationship between Ripple and President-elect Donald Trump have been dispelled. Ripple's Chief Legal Officer (CLO), Stuart Alderoty, has clarified that claims of "bad blood" between Trump and Ripple are baseless, while analysts predict a significant price surge for XRP in the coming cycle.

Trump and Ripple: No “Bad Blood”

The rumors began following an Axios report suggesting Trump criticized an unnamed company that allegedly shifted its support to Kamala Harris during the presidential campaign. Ripple co-founder Chris Larsen’s significant donations to pro-Harris political action committees (PACs) fueled speculation that Ripple was the target.

However, Ripple CLO Stuart Alderoty has firmly denied these claims, labeling them as “pure fiction” and highlighting that Ripple's leadership is focused on fostering constructive relationships with the incoming administration.

Ripple Boss Meets Trump

Adding to the excitement, Ripple CEO Brad Garlinghouse reportedly had dinner with Trump, signaling a potentially positive relationship. This meeting has fueled speculation that Trump’s administration could create favorable conditions for XRP, particularly with Paul Atkins being appointed to lead the SEC. Analysts believe Atkins could pave the way for the approval of a spot XRP ETF, a move that could further boost XRP adoption.

XRP Price Action: Eyes on $8

The anticipation surrounding Trump’s presidency and regulatory clarity has propelled XRP into a bullish phase:

  • Current Price: $0.31 (up 31% in the past 7 days)
  • Market Cap: $178 billion (making XRP the third-largest crypto, behind Ethereum)
  • Trading Volume: $13 billion (down 44.6% in the past 24 hours)

Analyst Predictions

EGRAG CRYPTO:

  • XRP is replicating its 2024 price action, where $0.75 acted as a critical resistance level.
  • If XRP can maintain its current support, it may surge to $3.75 in the short term.

CRYPTOWZRD:

  • XRP has flipped a major resistance level into support, mirroring its 2017 movement.
  • Predicted Targets:
    • Short-Term: $4
    • Long-Term: $8

XRP’s Path Forward

XRP's resurgence aligns with broader market trends and anticipated regulatory clarity under the Trump administration. If the SEC greenlights a spot XRP ETF and Ripple sustains its momentum, XRP could surpass its all-time high in this cycle.

Key Factors to Watch:

  • Regulatory developments, including the potential ETF approval.
  • Sustained support at critical price levels.
  • Broader market trends and adoption driven by institutional interest.

With bullish sentiment building, XRP appears poised to reclaim its place as a top performer in the crypto space.