You Won’t Believe What Happened to XRP After Trump Won! 😱

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The American Bankruptcy Law Journal recently published a gem of a report, penned by legal scholar Jessica G. McKinlay, that ties the dizzying rise of XRP to a certain political shift in the U.S. — one that came after Donald Trump soundly defeated Kamala Harris in the 2024 presidential election. Turns out, it wasn’t just the economy that was making waves—cryptocurrency was too. Go figure. 🤷‍♂️

Let’s break down the juicy details, shall we?

According to McKinlay’s report, it’s no surprise that Trump’s crypto-friendly policies were behind XRP’s astonishing 443% price surge between November 5 and December 2, 2024. The price shot up from a modest $0.50 to a juicy $2.72 as investors got all giddy thinking of the new, clearer regulations on the horizon. Who knew a few policy changes could make all the difference, huh? 🤔

By mid-January 2025, XRP had reached a 7-year high of $3.40, as if the price was doing a victory lap. All thanks to Trump’s promises to:

  • Support innovation in the crypto world (because who doesn’t love an underdog story?)
  • Establish clearer regulations (maybe clarity isn’t so overrated after all?)
  • Reduce government interference in digital assets (because why should anyone get in the way of a good thing?)

Meanwhile, Kamala Harris’s position was, well, less than clear. The result? A market hanging in the balance, unsure which way to jump before the election outcome was sealed.

The Ripple Effect: Legal Battles and SEC Shuffles

One of the crucial factors behind XRP’s surge was the shake-up at the SEC, where Gary Gensler was replaced by Paul S. Atkins, a move seen as a welcome shift for the crypto industry. It’s like someone finally switched on the lights after a long night in the regulatory darkness. 🌑💡

For years, Ripple’s legal tangle with Gensler and the SEC loomed over XRP like a dark cloud, casting shadows of doubt. But Atkins? Well, he’s seen as a man who might finally end the fight, clearing the way for a crypto-friendly future. It was like opening the floodgates, and the market responded by going into overdrive.

Bitcoin & Ethereum Also Caught the Wave

Of course, XRP wasn’t the only one reaping the rewards of the political climate. Bitcoin and Ethereum also posted impressive gains in November 2024, with Bitcoin jumping 37.4% to hit the $100K mark (and don’t even get me started on Ethereum’s 47.4% rise!).

The report gave a little love to Ethereum’s shift to proof-of-stake, applauding its reduced energy consumption, while simultaneously throwing some serious shade at Bitcoin’s centralized mining practices and environmental footprint. Guess we can’t all be perfect. 😅

XRP and the Trump Effect: Can Crypto Keep Dancing?

So what’s the verdict? According to McKinlay, Trump’s regulatory game plan, coupled with the SEC shake-up, created the perfect storm for XRP’s ascent. With clearer policies and a little less legal red tape, investors piled in like it was Black Friday, giving XRP the momentum it needed. In the end, XRP may just be the shining example of how politics can change the game for crypto markets. At least that’s what the market seems to be saying. 💰💥

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FAQs

How high can XRP price go?

Well, buckle up. Some analysts say $4 in the short term, $5 to $7 by mid-2025, and if we’re really lucky, we might see $10 to $20 by 2030. Who’s counting? 🤑

When will XRP price hit a new All-Time High (ATH)?

One expert thinks XRP could hit a new ATH ($3.84) by mid-2025—maybe as soon as June or July. It’s anyone’s guess, but hey, who doesn’t love a good surprise? 🎉

What is the XRP price prediction for 2030?

Some say XRP could be trading between $17 and $26.50 by 2030, thanks to global partnerships and crypto adoption. Looks like it’s going places! 🌍

Where will XRP be in 2040?

If everything plays out perfectly, XRP could hit up to $179 by 2040. Fingers crossed, people. 🤞

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2025-05-22 15:24