XRP Price Surges Following Dinner Between Ripple CEO and Trump
Ripple's XRP has seen significant gains since the U.S. presidential election, outperforming other major cryptocurrencies. Key points include:
- XRP rose about 2% in the last 24 hours, contrasting with declines of approximately 2.5% for Bitcoin and the CoinDesk 20 Index.
- Since the election, XRP has surged over 300%, while Dogecoin increased by around 100%.
- Ripple CEO Brad Garlinghouse dined with President-elect Donald Trump, which Garlinghouse described as a strong start to 2025.
- Market analysts note that developments regarding U.S. inflation and labor markets could impact crypto prices.
- An anticipated XRP exchange-traded fund (ETF) and recent approval of Ripple's stablecoin RLUSD are contributing to positive sentiment around XRP.
- Increased buying activity from retail brokers and crypto funds is reported due to favorable news from Ripple.
Overall, XRP's performance is being supported by political engagement and potential regulatory advancements.