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Reading: XRP Price Prediction: Can Trump’s Support Trigger a $13 Surge?
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EdaFace Newsfeed > Latest News > Crypto News > XRP Price Prediction: Can Trump’s Support Trigger a $13 Surge?
Crypto News

XRP Price Prediction: Can Trump’s Support Trigger a $13 Surge?

vitalclick
Last updated: December 21, 2024 1:55 pm
2 months ago
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Contents
Is Trump Betting Big on Crypto?Whales Are Buying XRPXRP’s Potential vs. Yusko’s CriticismThe Road Ahead for XRP

The post XRP Price Prediction: Can Trump’s Support Trigger a $13 Surge? appeared first on Coinpedia Fintech News

XRP is ending the year on a positive note, showing signs of recovery after a bearish phase. Recent reports suggesting that Donald Trump’s fund is investing in XRP have sparked speculation about its impact on the token’s value. Currently trading at $2.30, XRP has climbed over 16% in the last 24 hours, recovering after a slight dip earlier in the week.

Is Trump Betting Big on Crypto?

Mark Yusko, founder of Morgan Creek Capital Management, recently claimed that Donald Trump and his son Eric have been actively investing in digital assets like Bitcoin (BTC), Hedera (HBAR), and Ripple’s XRP. Yusko believes these investments could position Trump as a significant player in cryptocurrency markets, especially with potential ETF approvals for HBAR and XRP on the horizon.

🚨BREAKING: Famous hedge fund manager confirms that President Trump is buying $HBAR and $XRP

This intensifies the earlier testimony by someone close to the Trump transition team regarding Trump planning a national reserve of made in America 🇺🇸 cryptocurrencies under the… pic.twitter.com/Y49taNQI0u

— Shawn (@oroogle) December 20, 2024

Whales Are Buying XRP

Trump’s rumored crypto involvement may be fueling optimism around XRP. On-chain analyst Ali Martinez shared that whales have purchased 80 million XRP since the recent price correction began on December 17, signaling strong interest from large investors.

Adding to the excitement, a crypto analyst compared XRP’s current price movement to its 2017 bull run. The analysis suggests XRP could repeat its earlier rally, potentially reaching $8–$13. This historical pattern has encouraged XRP holders to anticipate a significant price surge.

Yusko also pointed to rumors of a possible exemption for U.S.-based cryptocurrencies from capital gains tax. If implemented, this could dramatically change how crypto is treated in the U.S. and reshape the market’s future.

XRP’s Potential vs. Yusko’s Criticism

Despite the recent buzz, Yusko expressed doubts about XRP’s long-term potential, criticizing both XRP and Cardano for a lack of groundbreaking innovation. However, he remains optimistic about the U.S. government’s changing attitude toward cryptocurrencies.

Figures like Scott Bessent and the potential new SEC chair have openly supported digital assets, signaling possible regulatory shifts.

The Road Ahead for XRP

Speculation is growing that Trump’s team may include XRP and HBAR in a national cryptocurrency reserve. Shawn, a Hedera supporter, claimed that the administration aims to classify these tokens as “American Commodities” to strengthen the U.S.’s position in the global crypto market.

🚨BREAKING: According to sources close to the Trump transition team, President Trump is considering building a strategic national reserve of American cryptocurrencies such as $XRP and $HBAR next to Bitcoin

President Trump reportedly believes that these are „American Commodities“… pic.twitter.com/FnKQ34yCpU

— Shawn (@oroogle) December 18, 2024

Whether fueled by whales, history, or high-profile names, XRP’s journey promises to keep the market guessing.

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