<p><strong>Key Insights:</strong></p><ul><li>There is growing optimism surrounding the Trump administration’s impact on the crypto industry.</li><li>Ripple CEO Brad Garlinghouse recently credited Trump’s electoral win for fueling $800 billion in inflows into the U.S. crypto markets.</li><li>Garlinghouse met with Donald Trump amid rumors of a possible presidential appointment, with XRP eyeing the $0.7 mark.</li></ul><p><strong>Article:</strong>Despite being over two weeks old, optimism surrounding the 2024 U.S. presidential election continues to drive the crypto market. Recently, Ripple CEO Brad Garlinghouse attributed the $800 billion inflow into U.S. crypto markets to Trump’s win. This has led to expectations of a &#34;golden era&#34; of regulatory clarity, which is fueling optimism for XRP and other cryptocurrencies.</p><h3 id="bitcoin-s-surge-amid-market-optimism">Bitcoin’s Surge Amid Market Optimism</h3><p>The announcement of Trump’s victory on November 6th marked the beginning of a crypto rally, with Bitcoin soaring past the $70,000 mark and eventually hitting a new all-time high of $93,000 by November 14th. Investors are anticipating a boost in crypto due to Trump’s pro-business policies, including a proposed cut in the corporate tax rate from 21% to 15%, a move expected to drive growth across the digital asset sector.</p><h3 id="a-win-for-u-s-innovation">“A Win for U.S. Innovation”</h3><p>Garlinghouse has been vocal in his support for the new administration, praising the shift from a &#34;war on crypto&#34; under the previous regime to a more innovation-friendly approach. He believes that the U.S. is returning to a position of leadership, which is beneficial for both the crypto industry and broader technological advancement.</p><h3 id="crypto-market-reaches-3-trillion">Crypto Market Reaches $3 Trillion</h3><p>The global crypto market cap has grown from $2.4 trillion before the election to $3 trillion, driven by Bitcoin&#39;s strong performance and increased interest in other cryptocurrencies like XRP, Cardano, and Solana. The surge in market cap has led trading platforms such as Robinhood to expand their cryptocurrency offerings, responding to increased demand from investors.</p><h3 id="xrp-sees-record-accumulation">XRP Sees Record Accumulation</h3><p>XRP has been a key beneficiary of the market resurgence. According to data from Santiment, whale and shark wallets—holding at least 1 million XRP—have been accumulating tokens, pushing its value to a five-year high. This accumulation has increased by 8% over the past two years, with XRP’s price soaring by 80% in the past week alone. Analyst Charting Guy suggests that if current trends continue, XRP could reach the upper Bollinger band around $0.7, a potential target for 2025.</p><h3 id="rumors-of-a-trump-garlinghouse-collaboration">Rumors of a Trump-Garlinghouse Collaboration</h3><p>Speculation surrounding a possible collaboration between Ripple and the Trump administration has been fueled by reports of a meeting between Garlinghouse and Trump. Garlinghouse confirmed the meeting and discussed Ripple’s proactive engagement with pro-crypto policymakers during the election. The possibility of Trump appointing figures like Garlinghouse or Elon Musk to advisory roles has raised hopes that XRP—and the broader crypto market—could experience a significant boost.</p><p>With Bitcoin nearing $100,000 and growing optimism about the future of the crypto industry under Trump’s presidency, the big question remains: How far will this momentum take XRP and other digital assets in the years ahead?</p>

Could Trump's Victory Boost XRP to $0.7 by 2025?

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