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jumped 47% last week. This rally took it to its old all-time high, and some are now suggesting that XRP could be ready to topple Ethereum. Many traders now see more room for growth in 2025. Years and years later, are they finally right? Trump may have started the XRP renaissance.
The crypto world has changed a lot since 2021. New rules and policies are shaping the market. President-elect Donald Trump has expressed interest in US-based crypto.
BREAKING: Donald Trump is expected to propose creating a US-first crypto reserve that would “prioritize US-founded digital coins,” according to the NY Post.
This would include coins like Solana, USD Coin, and Ripple. pic.twitter.com/81q7t737cy
– Kobeissi Letter (@KobeissiLetter) January 16, 2025
Reports indicate he wants an “American first” crypto reserve. This plan may include Solana, USD Coin and XRP. He met the founders of these projects and wants to promote blockchain innovation in the United States.
Some Bitcoin fans don’t like this idea. They believe Trump should focus on Bitcoin and worry that promoting US-made coins could weaken Bitcoin’s role. Supporters of Trump’s plan say it can help the United States become a leader in crypto and bring more money and new jobs to the country.
Ripple, the company behind XRP, has been working with US regulators for years. The emphasis on legal clarity sets it apart. Recent court rulings have boosted investor confidence in XRP. The token is now approaching the levels it last saw during the 2018 peak. Some analysts predict that XRP could soon reach $5. Others see $10, or even $20, if adoption grows.
JUST IN:
President-elect Donald Trump is open to creating a first U.S. strategic reserve that would prioritize cryptocurrencies such as Solana. $ SOL And $XRP.
– Watcher.Guru (@WatcherGuru) January 16, 2025
President-elect Donald Trump is open to creating a first U.S. strategic reserve that would prioritize cryptocurrencies such as Solana. XRP Price Target – Could it topple Ethereum with Trump’s support?
At this point, XRP holders have outperformed all ETH buyers who entered the market after April 2021. Quite an achievement! Many longtime Ethereum supporters were skeptical of XRP.
They said Ripple’s legal problems were too great. Yet XRP’s recent rally has left these doubts behind, and this trend shows how quickly fortunes can change in crypto.
Trump’s crypto plan has sparked debate in the industry. Bitcoin supporters say this goes against the overall vision of Bitcoin. They highlight its strong track record and leading market share.
Others see Trump’s plan as an opportunity for more cooperation between crypto projects and the government. If the White House supports an “America First” reservation, it could impose new laws that would benefit the entire market.
A Crypto Ball is planned for January 19. Sponsors include Coinbase, Solana and Kraken. This event could attract more investment into the space, showing the growing acceptance of crypto in mainstream circles.
Although some see a risk in Trump’s plan, many feel enthusiastic. They hope this will bring more interest and capital to the entire digital asset market.
(XRPUSDT)
For XRP, the next steps are essential. Will it be able to surpass its old high compared to the 2018 high? If so, $5 becomes a real possibility. Climbing higher depends on strong adoption and positive legal outcomes. XRP supporters say the time is now. The crypto market can change overnight. However, the enthusiasm for XRP in 2025 is hard to ignore.
Remember when $XRP reverse market capitalization $BTC
2018 was crazy… you had to be there. pic.twitter.com/PY3PdRskF0
– Nebraskangooner (@Nebraskangooner) January 15, 2025
Nonetheless, XRP’s momentum is currently strong. Trump’s proposed crypto reserve could push it even higher. As we approach 2025, XRP watchers remain hopeful. They see the potential for a new all-time record.
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The post Is Trump Plotting to Raise the Price of XRP? New President Proposes US Coin Reserve appeared first on 99Bitcoins.
