Donald Trump

<p>XRP is back in the spotlight after reaching a two-year high, sparking excitement among investors. Ripple CEO Brad Garlinghouse credits this rise to a shift in the <a href="https://coinpedia.org/cryptocurrency-regulation/cryptocurrency-regulation-in-the-usa/" target="_blank" rel="noreferrer noopener">U.S. regulatory climate</a>, which is boosting confidence in the crypto market. </p>   
<p>Let’s explore the key reasons behind XRP’s rally and what might come next.</p>   
<h2 class="wp-block-heading" id="h-xrp-s-rise-u-s-regulations-are-key">XRP’s Rise: U.S. Regulations Are Key!</h2>   
<p>According to Garlinghouse, easing regulatory pressure in the U.S. is the main factor driving XRP’s price surge. He pointed to a wave of crypto-friendly policies that are lifting the outlook for U.S.-based cryptocurrencies like XRP, Solana (SOL), and Cardano (ADA).</p>   
<p>In a recent interview with <em><a href="https://www.foxbusiness.com/video/6364768291112?playlist_id=933116626001" target="_blank" rel="noreferrer noopener">Fox Business</a></em>, Garlinghouse expressed hope about the industry’s future under President-elect Donald Trump, calling him a “crypto president.” He praised Trump’s support for blockchain, describing it as a major shift after years of challenges for the crypto industry in the U.S.</p>   
<figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
   https://twitter.com/bgarlinghouse/status/1857551693967216766 
 </div>
</figure>   
<p class="has-background" style="background-color:#e9f0ff"><strong><em>Curious about XRP’s next move? Read our expert <a href="https://coinpedia.org/price-prediction/xrp-ripple-price-prediction/" target="_blank" rel="noreferrer noopener">XRP price prediction</a> and stay ahead of the curve!</em></strong></p>   
<h2 class="wp-block-heading" id="h-is-the-sec-finally-backing-off">Is the SEC Finally Backing Off? </h2>   
<p>The U.S. Securities and Exchange Commission (SEC) has been a major hurdle for the crypto sector. However, Garlinghouse noted that this pressure is easing as Trump plans to <a href="https://coinpedia.org/news/trump-pushes-for-pro-crypto-leadership-at-sec-and-cftc/" target="_blank" rel="noreferrer noopener">appoint pro-crypto leaders. </a>This change has reduced uncertainty, allowing XRP to gain ground in the market.</p>   
<p><strong>Whale Activity Points to Big Moves</strong></p>   
<p>Another factor boosting XRP’s price is increased whale activity. The derivatives market for XRP has grown by 13%, while significant transactions—like a $52.8 million transfer—highlight growing interest from large investors.</p>   
<h2 class="wp-block-heading" id="h-can-xrp-break-1"><strong>Can XRP Break $1?</strong></h2>   
<p>Currently trading at around $0.91, XRP is inching closer to the $1 mark. Some analysts believe it could climb even higher, with predictions reaching as high as $1.50 if favorable conditions persist. XRP’s market cap is now $51.92 billion, and trading volume has risen by 25%, reflecting strong investor engagement.</p>   
<figure class="wp-block-image aligncenter size-large">
 <img src="https://image.coinpedia.org/wp-content/uploads/2024/11/16100725/XRP-long-short-ratio-1-1024x213.png" alt="xrp long short ratio" class="wp-image-380515">
</figure>   
<p>But not everyone’s so sure. About 65% of futures trades are still short, meaning some investors are betting against the rise.</p>   [post_titles_links postid="380562"]   
<h2 class="wp-block-heading" id="h-what-to-expect">What to Expect?</h2>   
<p>XRP’s future looks promising as the U.S. moves toward more crypto-friendly policies under Trump’s leadership. Still, the volatile nature of the crypto market means surprises are always possible. If the regulatory environment continues to improve, XRP could see further growth.</p>   
<p><strong>Stay tuned as we track XRP’s progress and keep you informed about the latest market developments.</strong></p>

XRP News: Crypto Winter Ends? XRP Breaks 2-Year High on US Regulatory Hopes

Table of Contents

CoinPedia News

Other articles published on Nov 16, 2024

Early $TICS Buyers Could 1000X: Explore Qubetics Potential as the Best Crypto to Buy in Nov—Plus ...

Hamster Kombat Loses 86% of Active Users: Possible Reasons

Trump policies could take DeFi, BTC staking mainstream — RedStone co-founder

US SEC Chairman Succession: Watch Out For Robert Stebbins

Cronos Breaks Key Resistance Levels with 540% Growth Potential

Litecoin Rebrands as Meme Coin, Calls for Blockchain Unity

Join our free newsletter for daily crypto updates!