Will Ripple (XRP)’s success return now that Trump is president again?

Donald Trump has won the US presidential election, and the crypto community is hopeful about what this means for the future of digital assets. During his first term, XRP performed phenomenally. With his return to the White House, many expect a new era of growth for Ripple (XRP)

XRP’s glory days under Trump

During Trump’s first presidency, XRP reached historic highs, including a record price of $3.84 in January 2018. This period is known as one of the most successful in Ripple’s history. Many investors attribute this growth to favorable market conditions and the absence of heavy regulation.

Biden Administration and XRP’s Decline

After Trump’s term, the Biden administration came to power, ushering in a less favorable time for XRP. In December 2020, just before Trump left the White House, the SEC filed a lawsuit against Ripple, accusing the company of illegally offering securities through XRP.

This case, supported by the Biden administration, inhibited XRP adoption and negatively affected Ripple’s partnerships. For four years, the Biden administration failed to introduce clear regulation for crypto, leading to uncertainty in the industry.

Trump’s crypto-agenda

Now that Trump has been re-elected as president, he brings a clear vision for the future of cryptocurrency. During his campaign, he emphasized the importance of innovation and promised to fire SEC Chairman Gary Gensler. Trump wants to position the US as a global leader in crypto while reducing regulatory hurdles for the industry.

His pro-crypto stance has already created optimism in the crypto community. Many see Trump’s return as an opportunity to revive the industry, and XRP is central to that.

Can XRP Rise Again?

With Trump in the White House, experts expect that regulatory hurdles for XRP could quickly disappear. If he makes good on his promise to end the SEC lawsuit against Ripple, it could be a catalyst for a massive bull run for XRP.

The first signals are already visible. Shortly after the election results, XRP rose 5.14% to $0.5359. Analysts predict this is just the beginning of a new era for digital assets.

Conclusion

With Trump back in the White House, the future of XRP and the broader crypto market appears bright again. His plans for a crypto-friendly government could mark a turning point for the industry. For XRP holders, this offers a unique opportunity to match or even surpass the successes of recent years.