- Ripple sees significant US growth and bullish sentiment under the “Trump pump.”
- XRP remains at a critical juncture, with both bullish and bearish movements expected.
The recent U.S. presidential election and Donald Trump’s return as the 47th President have had a significant impact on the crypto market, shifting coins from bearish to bullish trends.
Among them, Ripple Labs has seen remarkable success, with Ripple [XRP] CEO Brad Garlinghouse attributing this to the “Trump bull market.”
Ripple’s CEO on Trump’s victory
Remarking on the same, Garlinghouse emphasized the positive effects of Trump’s victory on Ripple’s business, positioning XRP as a key beneficiary of this bullish sentiment.
He said,
“2025 is here and the Trump bull market is real. For Ripple, this is even more personal after Gensler’s SEC effectively froze our business opportunities here at home for years. The optimism is obvious and very deserved.”
Garlinghouse further highlighted the significant impact on Ripple’s operations, revealing that 75% of the company’s open roles are now U.S.-based.
This marks a notable shift, as over the past four years, most of Ripple’s hires were international.
How did Ripple benefit from Trump’s win?
Additionally, the CEO shared that Ripple has secured more US deals in the last six weeks of 2024—since Trump’s victory—than in the previous six months. Nonetheless, XRP price trends still looked concerning.
As of the latest update from CoinMarketCap, XRP was trading at $2.38 after a 0.16% increase in the past 24 hours and a 15.96% rise over the past week and stands at a crucial crossroads.
Moreover, AMBCrypto’s recent analysis indicated that both bulls and bears were gearing up for a decisive move, as Ripple continues to thrive under the influence of Trump’s administration’s pro-crypto stance.
What lies ahead?
Thus, as the crypto community anticipates significant policy changes with the upcoming Trump administration, there are mixed sentiments.
While Trump’s pro-crypto promises, including making the U.S. the crypto capital and creating a national crypto stockpile, offer optimism, former BitMEX CEO Arthur Hayes highlights the challenges of implementing such fundamental changes in a limited timeframe.
This potential tension between ambitious expectations and the reality of legislative processes could lead to a volatile crypto market in the near future.
