XRP has exhibited remarkable performance since Donald Trump’s potential re-election in November 2024, gaining over 300% in value. The digital currency briefly climbed to the third position by market capitalization, currently holding the fourth place.
Ripple Executives Meet with Trump
Ripple $2 CEO Brad Garlinghouse and General Counsel Stuart Alderoty held a dinner meeting with President Donald Trump. This meeting resulted in a 2.7% increase in XRP’s price. Although Garlinghouse did not disclose details about the meeting on social media, it is believed to have strengthened the relationship between Ripple and Trump.
Debate Over XRP’s Superiority Over Bitcoin
David Stryzewski, CEO of Sound Planning Group, stated that XRP will provide more benefits than Bitcoin $93,506 in the future. In an interview with Fox Business, Stryzewski claimed, “Ripple/XRP will be the main infrastructure of financial systems in the future, not Bitcoin.” He also mentioned that Bank of America utilizes Ripple technology for all its internal transactions and holds 83 different patents related to it.
The relationship between Ripple and the Trump administration directly influences XRP’s market performance. The increasing adoption of Ripple technology by major financial institutions paints a promising picture for XRP’s future role, potentially strengthening its position in the cryptocurrency market.
XRP’s success during Trump’s presidency highlights the technological transformation within financial systems. The future of Ripple and XRP will continue to evolve with the administration’s policies and the adaptation of large institutions.