- Ripple CEO Brad Garlinghouse has attributed XRP’s 100% surge to $1.14 to Donald Trump’s victory, which signals a pro-crypto shift in the regulatory landscape.
- While XRP and Cardano have been amongst the best preforming tokens in the U.S, Dogecoin has outperformed both.
XRP, one of the most popular cryptocurrencies is making headlines with its remarkable price surge. While many could only be benefiting from the current bull run, XRP is commemorating a separate occasion. Donald Trump‘s election as U.S. 47th president means a change in crypto’s regulatory landscape and XRP being the most popular victim is celebrating this with a price uptick.
XRP has exhibited remarkable performance amid the current bull run, In fact, at the time of press, Ripple’s XRP is exchanging hands with $1.15 marking a 5.77% surge in the past 24 hours. Focusing on XRP’s price from a wider perspective, the digital asset has recorded 100% and 107.94% in the past week and month respectively.
In the same vein, XRP’s significant rally comes at a time when Bitcoin, the king of crypto is trading above the 90,000 mark with current readings stopping at $91,784.27 marking an 11.76% surge in the past week 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.
Trump’s Election Fuels Optimism
Recently speaking to a leading news outlet, Brad Grlinghouse, Ripple’s CEO credited XRP’s rally to the hopes of a brighter regulatory landscape under the leadership of Donald Trump. Garlinghouse noted that Trump’s victory represents a shift in sentiment for U.S.-based crypto companies, which have long faced scrutiny and legal challenges from the SEC.
“This shouldn’t be a surprise,” Garlinghouse said, emphasizing the link between Trump’s election and the easing of regulatory pressure.
Additionally, Gsrlinghouse praised Trump for his pro-crypto stance and his commitment to restructuring the SEC. Reminiscing, in July, Trump promised to fire Gary Gensler on day one however technically, he can’t remove Gensler (without cause) until his term ends in 2026.
XRP and ADA Among Top Performers
Since Trump’s victory, Cardano has also seen remarkable growth, at the time of writing, Cardano’s ADA is trading hands with $0.759 representing a 5.00% surge in the past 24 hours. Additionally, the token has surged by 28.71% and 114.80% in the past week and month respectively.
While XRP and ADA lead the pack among U.S tokens, meme coin Dogecoin has outperformed both, driven by speculative trading and market enthusiasm.
🚨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
Notably, DOGE is exchanging hands with $0.3728 marking a 1.97% and 28.98% in the last 24 hours and week respectively. Holding the 7th position, the digital asset with a $54.68B amrket cap has undergone a 154% upsurge in the past month.
