Ripple CEO Brad Garlinghouse recently highlighted the resurgence of optimism in the US cryptocurrency market, attributing it to the post-election momentum under President Donald Trump. In a statement, Garlinghouse underscored the positive impact of the pro-crypto stance taken by the incoming administration, which has already begun influencing the industry even before its official start.
Garlinghouse noted that Ripple’s hiring strategy has shifted significantly, with 75% of current job openings now in the United States. In the last four years, Ripple has mainly targeted candidates from outside the US due to hostile market conditions back home.
He also highlighted that Ripple made more transactions in the USA in the last six weeks of 2024 after Trump’s win than in the six months leading up to Trump’s victory.
They attributed the optimism to the leadership team that has coalesced around Trump, including crypto-friendly personnel such as Paul Atkins, expected to be the next SEC chair. Garlinghouse also pointed out that this shift is very personal for Ripple as it struggled through Gary Gensler’s period at the SEC.
The “Trump effect,” as he described it, is already fostering innovation and growth, signaling a favorable environment for the cryptocurrency industry.
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What This Means for XRP
XRP has entered 2025 on a strong note, building on the 253% momentum it gained in late 2024, marking its best performance since 2017. At the start of January, XRP surged to a high of $2.47, and while it may have had some short-lived dips, its value continues to be supported by investors.
Market experts predict a bullish trajectory for XRP throughout 2025, with crypto analyst Egrag Crypto highlighting parallels between XRP’s current performance and its historic surge in 2017.
The token has crossed key technical indicators, including the 21 Exponential Moving Average, which signals strong upward momentum. Analysts believe XRP could reach $27, reflecting a potential growth of 4,770% based on historical patterns.
Additionally, the anticipated resolution of the Ripple vs. SEC lawsuit under the new administration could provide regulatory clarity, further strengthening XRP’s position. The expected leadership change at the SEC and Trump’s pro-crypto policies could catalyze XRP’s continued growth in the coming months.
Conclusion
Ripple’s renewed focus on the US market and the favorable regulatory changes expected under Trump’s administration set the stage for a promising year for XRP. As the cryptocurrency capitalizes on its late 2024 momentum and analysts project significant growth, XRP is poised to play a pivotal role in shaping the future of the crypto industry.
Also Read: Ripple vs SEC Update: Here is How Experts Believe the Case Will End
