Ripple has witnessed remarkable growth in the U.S. market, largely influenced by favorable regulatory expectations under the Trump administration. According to a recent report by CoinDesk, CEO Brad Garlinghouse highlighted that in the last six weeks of 2024, Ripple’s U.S. transaction volume surpassed that of the previous half-year, with a notable 75% of new positions emerging from the United States. This increase is attributed to a perception of a more crypto-friendly environment fostering innovation and job creation.
In a strategic move to bolster its presence, Ripple has also contributed $5 million in XRP towards the support of Trump’s upcoming presidential inauguration. The recent political developments have positively impacted XRP, which has seen its price surge by over 300% since Trump’s election. Additionally, heightened trading activity in the Korean market has been a significant contributor to XRP’s price fluctuations and overall bullish momentum.