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Reading: Why XRP Price Skyrocketed After the U.S. Election: Report Explains
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EdaFace Newsfeed > Latest News > Crypto News > Why XRP Price Skyrocketed After the U.S. Election: Report Explains
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Why XRP Price Skyrocketed After the U.S. Election: Report Explains

vitalclick
Last updated: May 22, 2025 12:29 pm
7 days ago
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Contents
Ripple’s Legal Battle Gets Boost After SEC Leadership ChangeBitcoin & Ethereum Also Benefit from Political ShiftXRP and the Trump Effect: A Turning Point for Crypto?Never Miss a Beat in the Crypto World!FAQs

A newly published report in the American Bankruptcy Law Journal by legal scholar Jessica G. McKinlay reveals a strong link between XRP’s explosive price surge and the recent political shift in the U.S., following Donald Trump’s victory over Kamala Harris in the 2024 presidential election.

Let’s break down the key insights from the report.

The report highlights that Trump’s crypto-friendly policy proposals played a significant role in XRP’s 443% rally between November 5 and December 2, 2024, when the price jumped from $0.50 to $2.72.

By mid-January 2025, XRP touched a 7-year high of $3.40, reflecting growing investor confidence after Trump’s promise to:

  • Support innovation in the crypto sector
  • Establish clearer regulations
  • Reduce government interference in digital assets

In contrast, Kamala Harris’s stance was less defined, leading to market uncertainty before the election results.

Ripple’s Legal Battle Gets Boost After SEC Leadership Change

One of the most critical factors behind XRP’s rise, the report notes, is the replacement of SEC Chairman Gary Gensler with Paul S. Atkins, a move widely seen as favorable for the crypto industry.

Ripple’s long-running legal dispute with the SEC under Gensler had cast a shadow over XRP for years. The new leadership brought renewed hope for resolution and regulatory clarity, which triggered a bullish rally in the market.

  • Also Read :
  •   Ripple Doubles Its Bid to $11B to Acquire Circle — But Coinbase Wants In Too!
  •   ,

Bitcoin & Ethereum Also Benefit from Political Shift

While XRP was the biggest gainer, Bitcoin and Ethereum also posted notable gains in November 2024:

  • Bitcoin (BTC) rose 37.4%, eventually hitting the $100K milestone
  • Ethereum (ETH) surged 47.4% during the same period

The report praises Ethereum’s transition to proof-of-stake for its reduced energy use, while also criticizing Bitcoin’s centralized mining practices and environmental impact.

XRP and the Trump Effect: A Turning Point for Crypto?

The report concludes that Trump’s regulatory stance, combined with the SEC reshuffle, created a favorable environment for XRP to thrive. With clearer policy directions and reduced legal risks, XRP attracted significant investor interest.As the U.S. regulatory landscape evolves, XRP’s performance may become a case study in how politics can reshape crypto markets.

Never Miss a Beat in the Crypto World!

Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.

FAQs

How high can XRP price go?

Various analysts offer diverse predictions for XRP’s price, with some forecasting $4 in the short term, $5 to $7 by mid-2025, and long-term targets ranging from $10 to $20 by 2030, or even $27 if certain technical patterns play out.

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

Some analysts predict XRP could hit a new ATH ($3.84) in 2025, with one expert suggesting it could occur within 90 to 120 days based on historical RSI patterns, potentially by June or mid-to-late July 2025.

What is the XRP price prediction for 2030?

By 2030, XRP could trade between $17 and $26.50, fueled by global partnerships and broader crypto adoption.

Where will XRP be in 2040?

XRP may reach up to $179 by 2040 if mass adoption, strong regulation, and Ripple’s global expansion continue.

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