Ripple CEO Brad Garlinghouse credits the latest XRP impressive price surge to Donald Trump’s victory, which eases regulatory pressure on the crypto industry.
XRP is making history in the crypto space amid the ongoing bull run. It maintains its streak of bullish performance and shows strong momentum toward breaking the long-lost $1 region. As of press time, XRP has gained 21% in the last 24 hours, trading at $0.9687, a level not seen in three years.
Interestingly, XRP’s impressive price surge happened at a time when Bitcoin lost momentum, following its peak of $93K earlier this week.
Notably, XRP was at just $0.4935 two weeks ago and has since surged to $0.9821. This marks a massive 99% gain since early November. This remarkable performance has garnered attention from industry leaders, including Ripple’s CEO Brad Garlinghouse.
Ripple CEO: XRP Pumping as Pressure Eases
In a recent interview with FOX, Garlinghouse attributed XRP’s strong performance to the promising regulatory outlook in the U.S. under the newly elected President, Donald Trump.
Garlinghouse pointed out that Trump’s election has brought hope to the crypto industry—particularly among U.S.-based companies—which had long been under attack by the SEC.
Garlinghouse emphasized that the crypto community now benefits from a pro-crypto president who has embraced the industry. He highlighted that in the two weeks following Trump’s election, some of the best-performing crypto assets were tokens like XRP and ADA, which are linked to U.S.-based crypto companies.
“This shouldn’t be a surprise,” Garlinghouse said. He noted that the SEC has pressured U.S. crypto firms and technologies for years. Now that the pressure is easing, as a new pro-crypto leader takes office and vows to restructure the SEC.
🚨NEW: @Ripple CEO @bgarlinghouse tells @LizClaman that since Election Day the best performing #crypto assets (besides $BTC) are all related to U.S. companies — $XRP, $SOL, $ADA. He says that shouldn’t be a surprise given the pressure now expected to be lifted from U.S. crypto…
— Eleanor Terrett (@EleanorTerrett) November 15, 2024
Price Performance of XRP and ADA Since Trump’s Election
Indeed, alongside XRP, other assets such as Cardano (ADA) have seen explosive growth since Trump’s election. Since Trump’s victory ten days ago, XRP has surged by 91%, rising from $0.514 to its current price.
Similarly, ADA has risen from $0.3339 to as high as $0.7553, marking an impressive 126% gain. Interestingly, the only crypto asset among prominent cryptocurrencies that has outperformed XRP and ADA in the last ten days is Dogecoin, a meme coin.
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