Can Trump’s Win Propel XRP to $7 in 2025?

Key Insights

• There is newfound optimism about the Trump presidency and its effect on crypto.
• Ripple CEO Brad Garlinghouse recently praised Trump’s electoral victory for the $800 billion worth of inflows into the U.S. crypto markets.
• Garlinghouse recently met with Donald Trump amid rumors of a possible presidential appointment.
• All of this is amid XRP eyeing the $7 mark.

The optimism from the 2024 U.S. presidential election is still going strong, even with more than two weeks past.

Despite being more than two weeks old, optimism about the 2024 U.S. presidential election is still strong.

Recently, Ripple CEO Brad Garlinghouse attributed the $800 billion worth of inflows into the U.S. crypto markets to the new administration.

As it stands, the crypto community is now expecting a “golden era” of regulatory clarity within the country.

Let’s see what this has to do with XRP and other cryptocurrencies.

Bitcoin Surges to All-Time High Amid Market Optimism

The Trump victory announcement on 6 November was the trigger for the ongoing crypto market rally.

Bitcoin has soared since and has broken above the $70,000 mark for the first time since March 2024.

Less than a month later, the cryptocurrency hit a new all-time high of $93,000 on 14 November.

At the time of writing, Bitcoin is now consolidating and inching closer to the psychological milestone of $100,000.

Investors are betting on Trump’s crypto and pro-business policies, including reducing the corporate tax rate from 21% to 15%.

This alone will be a major catalyst for massive growth across the digital asset sector.

“A Win for U.S. Innovation”

Brad Garlinghouse, Ripple’s CEO, is one of the supporters of the new administration.

In a recent interview with FOX Business, Garlinghouse praised the new administration for its shift away from the regulatory harshness seen under democratic rule.

He highlighted the shift from what he called a “war against crypto” to a more innovation-friendly approach.

According to the Ripple co-founder, “the United States is back in the driver’s seat.”

Garlinghouse emphasized that this return to “normalcy” is a win for the crypto industry and a broader victory for U.S. technological advancement.

Crypto Market Cap Hits $3.2 Trillion.

The global crypto market cap has soared to $3 trillion from a low of $2.4 trillion before the election.

The performance of Bitcoin (compared to most other cryptocurrencies) has fueled interest in other cryptocurrencies like XRP, Cardano and Solana:

All of which have seen significant value increases.

Trading platforms like Robinhood are also expanding their offerings with cryptocurrencies like XRP and ADA according to investor demand.

This growth shows that optimism in the trump administration is growing among investors.

XRP Accumulation at a Five-Year High

XRP has become a significant part of this market resurgence.

According to data from Santiment, whale and shark wallets holding at least 1 million XRP have accumulated the cryptocurrency, bringing its value to a five-year high.

The on-chain analytics platform highlighted that this cohort of investors has amassed a staggering 45.61 billion tokens.

Overall, this marks an 8% increase in accumulation over the past two years.

According to CoinMarketCap data, XRP’s price has surged by an impressive 80% in the past week alone.

According to insights from analyst Charting Guy, the cryptocurrency’s monthly Bollinger bands are expanding, similar to the 2017 cycle.

XRP could hit its upper Bollinger band around the $0.7 price level if things play out.

XRP to $0.7

Source: Twitter

Rumors of a Trump-Garlinghouse Meeting

Another major source of speculation is the rumors of a possible collaboration between Ripple and the Trump administration.

The rumors of this meeting began spreading on Twitter last week, with Garlinghouse refraining from providing specifics.

FOX Business eventually confirmed that Donald Trump and Brad Garlinghouse indeed met.

During the interview, the Ripple CEO noted the company’s proactive efforts during the election period and how it engaged with policymakers who were supportive of cryptocurrencies.

Overall, Trump’s presidency has reignited hopes for a new era in crypto.

The possible appointment of figures like Elon Musk and Brad Garlinghouse to advisory roles could significantly accelerate the launch of XRP (and other cryptocurrencies) to the moon.

The market is still going strong with optimism, with Bitcoin nearing $100,000.

However, the big question remains: how far will this newfound momentum push the industry?

Disclaimer: Voice of Crypto aims to deliver accurate and up-to-date information but will not be responsible for any missing facts or inaccurate information. Cryptocurrencies are highly volatile financial assets, so research and make your own financial decisions.