Ripple-backed cryptocurrency, XRP, has exhibited a strong start in 2025. Since the start of the year, the coin has surged over 40%, beating other top cryptocurrencies including Bitcoin (BTC), and Ethereum (ETH). Moreover, over the last year, its price has rocketed by almost 500% according to on-chain data.
This unprecedented movement has helped XRP climb from the seventh position to sit as the third-largest cryptocurrency by market cap. Amid the growth, analysts have predicted that the coin still has room for further growth as several price forecasts have been presented for the year 2025 thanks to the changing political landscape in the United States.
Read Also: Do Not Sell Your XRP Until it Gets to THIS Price, Analyst Shares Assisted XRP Prediction for 2025
XRP Set to Soar Under Trump’s Administration
The anticipated inauguration day for President-elect, Donald Trump is upon us, as the ceremony is set to take place on January 20. Interestingly, Trump may have established that this year could be particularly favorable for XRP and the broader crypto market.
The broader cryptocurrency market has rallied with its general market valuation going by 4.45% to $3.75 trillion. Bitcoin, the flagship cryptocurrency gained 3.71% over the last 24 hours to trade at $108,000. Also, Ethereum, the second-largest cryptocurrency by market cap spiked by 6.2% to reach $3,369 at the time of writing.
On January 15, the Securities and Exchange Commission (SEC) submitted its opening brief in the Ripple lawsuit. With the appeal, the regulatory agency is challenging a 2023 court ruling that established that the programmatic sales of XRP were not securities. Even though the appeal has potentially prolonged the legal battle even further, Trump may have signaled that there is no cause for alarm.
Earlier this month, Brad Garlinghouse, the chief executive officer of Ripple, was present at a dinner with the president at his Mar-a-Lago residence alongside other prominent figures in the industry. Following the meeting, Garlinghouse posted on his X page, describing the “great dinner,” signaling a “strong start to 2025.”
Even though this does not directly imply that the Ripple vs. SEC case would be squashed, pundits have speculated that there could be a secret partnership brewing between Ripple and the incoming administration which would bode well for XRP.
Also, rumors have circulated, suggesting that Trump is considering including XRP in his much-talked-about crypto reserve. If this happens, the demand for XRP in the U.S. would skyrocket, ultimately leading to bullish outcomes for the coin.
Gary Gensler to Step Down from Office Today
Meanwhile, another important news on Trump’s inauguration day is the expected resignation of SEC chairman, Gary Gensler. His position will now be occupied by Paul Atkins, a known crypto advocate and the preferred choice of Donald Trump.
With Atkins taking over, members of the crypto industry expect a shift from Genslers’ “regulation by enforcement” strategy to a more lenient approach, potentially easing the regulatory burden on the industry which could catalyze growth.
Additionally, the XRP community has guessed that the lawsuit against Ripple would be dropped since President Trump has stated that he wants to position America as the crypto capital of the world. If this happens, it could be another boosting factor for XRP in 2025.
Ultimately, Trump’s anticipated support for the crypto industry comes in many levels, and a realization could set the grounds for XRP investors to witness impressive performance in 2025. At the time of writing, XRP traded at $3.25, representing a 3.7% increase in the last 24 hours.
Read Also: Expert Who Predicted XRP to $3 Now Predicts $15 Next, See Chart
