XRP Interest Jumps as Brad Garlinghouse Meets With Trump

XRP Interest Jumps as Brad Garlinghouse Meets With Trump

XRP Gains Over 2% Amid Broad Crypto Market Declines

While the broader cryptocurrency market suffered losses on Wednesday, Ripple's native token, XRP, bucked the trend, gaining over 2%. The rise followed a picture shared by Ripple CEO Brad Garlinghouse after a dinner with Chief Legal Officer Stuart Alderoty and President-elect Donald Trump.

Key Highlights:

1. XRP Outperforms the Market:
   XRP rose by more than 2% over 24 hours, contrasting with a 2.5?cline for Bitcoin and a 3% drop in the broader CoinDesk 20 Index. This marks another victory for XRP, which has surged over 300% since Trump’s November presidential win, outperforming other major cryptocurrencies.

2. Ripple CEO's Dinner with Trump:
   The bullish sentiment was partly driven by Garlinghouse’s social media post featuring him, Alderoty, and Trump. Captioned "Great dinner last night … Strong start to 2025," the post sparked optimism among investors.

3. Bullish Signals and Market Dynamics:
   Analysts see Ripple’s strong ties with the incoming administration as a positive signal. “Ripple's CEO meeting Trump before his inauguration is definitely a bullish sign,” said Aurelie Barthere, a principal research analyst at Nansen. She also noted that cooling U.S. labor markets and inflation could provide additional support for crypto prices.

4. XRP ETF and Stablecoin Developments:
   Momentum for XRP has been bolstered by the anticipation of a U.S.-based XRP exchange-traded fund (ETF), as hinted by Ripple President Monica Long. Additionally, Ripple’s RLUSD stablecoin received regulatory approval in December and was listed on Bitstamp this week. These developments have added to investor confidence.

5. Market Sentiment:
   Zahreddine Touag, Head of Trading at Paris-based market maker Woorton, noted a growing bias toward buying XRP, particularly among retail brokers and crypto-native funds. "This could be because of the positive news lately coming out from the Ripple foundation, namely the potential XRP ETF listing and launch of the RLUSD stablecoin," he said.

Outlook:

As Ripple continues to gain regulatory approvals and strengthen its relationships with policymakers, XRP remains a standout performer in the crypto sector. With potential catalysts like an XRP ETF on the horizon and a supportive market narrative, the token could maintain its upward trajectory, even amid broader market volatility.