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XRP has surpassed the $1 mark for the first time since 2021, reaching a 12-month high. This remarkable rise is linked to rumors of a potential meeting between Ripple 
$2 Labs CEO Brad Garlinghouse and former U.S. President Donald Trump.
Discussing the Trump and XRP Connection
Trump’s support for cryptocurrencies during his campaign has increased activity in the sector. He emphasized reviewing the SEC‘s existing regulations and offering a more friendly approach to the crypto market during the campaign. Such announcements have fostered a positive perception among market participants.
The possibility of Ripple Labs collaborating with the U.S. government is also noteworthy. Brad Garlinghouse stated, “Enhancing Ripple’s relations with the government could benefit the entire sector.” However, some community members approach this view with skepticism, particularly regarding claims that Ripple is only promoting its own products.
Impact of the SEC Lawsuit
The rise of XRP is not solely dependent on political developments. Progress in Ripple’s ongoing legal battle with the SEC also influenced this increase. Positive changes during the court proceedings have supported XRP’s price, leading investors to believe that Ripple is signaling a strong recovery.
With an 82% increase in recent weeks, XRP has crossed a psychological barrier and secured a significant place in the markets. However, its future performance seems contingent upon legal processes and community perception. Strengthening ties with the U.S. government could initiate a new era in the sector.
Once again, the volatile nature of cryptocurrency markets is evident. XRP’s surge presents both opportunities and uncertainties.
