Ripple’s XRP started 2025 on a high note as it continued the momentum of 2024 to top the top 50 assets in year-to-date gains. XRP crossed the $3 mark for the first time since 2018 after rising 10% on January 16.
luck I mentioned XRP, the third largest cryptocurrency asset, is approaching a new all-time high. Patrick Liu, director of institutional sales at cryptocurrency exchange Gemini, claimed that XRP’s recent rally was rooted in widespread expectations that President-elect Trump would deliver on his pro-crypto promises before the election. He expressed his desire to see the Trump administration support a crypto-friendly regulatory framework.
After breaking the $3 mark for the first time in years, XRP rose to $3.35 on Thursday, bringing the asset within reach of its ATH. According to Fortune, the cryptocurrency industry was different from the stock market because there was no consensus on what an ATH was. For example, since asset prices are determined by demand and supply on different exchanges, Binance set the ATH value of XRP at $3.84 while Coingecko set it at $3.40.
Liou speculates on the catalysts driving Ripple’s XRP prices
Gemini Liu believes that XRP’s current rally has been driven by a number of catalysts, including the fact that investors have been eyeing the possibility of the US Securities and Exchange Commission’s lawsuit against Ripple and XRP being dropped under Trump.
David Dong, head of institutional research at Coinbase, said a lot of people are “reading the tea leaves” about what will happen in the new regulatory environment. He added that people were looking at Ripple Labs and some Ripple representatives and were saying that they seemed to be getting close to new management.
Monica Long, President of Ripple He said Bloomberg reported on January 7 that speculation about the US Securities and Exchange Commission approving XRP ETFs in the near future helped boost confidence in the performance of the XRP market.
Liu also said that Trump’s “opening up” to the America First strategic reserve that would prioritize digital assets created in the US, such as USD Coin, Ripple’s XRP, and Solana, was another key motivator. A strategic XRP reserve would legitimize the asset as a store of value and boost its price. But luck has not yet come true for these rumors based on anonymous sources.
Ripple CEO Brad Garlinghouse has also met with Trump at least once, suggesting that Ripple will have a direct line of communication with, and thus influence, the incoming administration. This has sparked more interest in Ripple’s XRP coin.
Ripple’s 2024 election gamble appears to have paid off big
The value of Ripple’s total holdings of XRP has skyrocketed, adding nearly $125 billion since last year’s US election in November. XRP, which was trading at $0.50 on the eve of the US elections, has since exploded to hit ATH levels. Ripple’s reported XRP stash is now worth $146.48 billion, up from $21 billion in November 2024.
The notable rise reveals the extent to which US cryptocurrency companies benefit from Trump’s re-election. XRP’s rise also offers an explanation as to why Ripple has enthusiastically thrown its support behind Trump’s presidential bid.
XRP’s turnaround can be partly attributed to Ripple’s aggressive campaign plans to influence the November 2024 elections and change cryptocurrency policy.
Last year, Ripple, along with Andreessen Horowitz and Coinbase, led a $300 million super PAC in hopes of reversing the hostile regulatory environment for cryptocurrencies. This initiative has turned the cryptocurrency industry into one of the major power centers in Washington and appears to have turned around the fortunes of XRP. The successful campaign saw almost all of the candidates backed by crypto political action committees win their respective seats. The incoming administration appears poised to change course on XRP’s previously questionable legitimacy.
Cryptocurrency companies lined up to curry favor with the incoming government in the weeks leading up to Trump’s inauguration. Cryptocurrency companies in particular have donated millions to Trump’s inauguration fund. Ripple has donated $5 million, more than any other donor.
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