Key Highlights:
- Donald Trump posted a significant XRP article on Truth Social, emphasizing the rise in U.S. deals related to the cryptocurrency.
- Following the post, XRP’s trading volume leaped by 26%, totaling $5.5 billion within 24 hours.
- This surge occurs amidst rising optimism for an upcoming ETF approval for XRP.
What Happened:
On Tuesday, Donald Trump shared an XRP-related article on Truth Social, generating renewed enthusiasm within the XRP community. The published article, available on CoinDesk, reports how Ripple’s CEO, Brad Garlinghouse, has seen an increase in U.S. deals since Trump’s election victory.
The post garnered 6.3K likes and 268 responses, with many users expressing excitement and discussing the potential for XRP to become a foundation for a U.S. crypto reserve. Even though the XRP token has remained steady around $2.53, the uptick in interest signifies growing market anticipation.
The emerging dynamics around XRP also align with the Department of Government Efficiency spearheaded by Elon Musk, which has targeted the SEC this week, hinting at favorable outcomes for Ripple amidst ongoing regulatory scrutiny.
With expectations mounting for an XRP ETF approval after the SEC recognized a filing from the New York Stock Exchange and Grayscale, the cryptocurrency’s future appears increasingly promising.
