2025-1-21 19:36 |
XRP traded strongly on Monday ahead of President Trump’s inauguration, wiping away all losses experienced on Sunday and extending last week’s gains.
Notably, this surge coincided with a report earlier in the day by crypto analyst Ali Martinez, who highlighted a significant buying spree by whales. According to data from Santiment, over 100 million XRP were purchased in just the past 48 hours, signaling strong institutional and investor interest.
The surge also aligned with growing optimism in the cryptocurrency sector, fueled by speculation that the new administration could embrace a pro-crypto agenda.
Hours before his swearing-in, Trump issued a statement promising a wave of executive orders to reshape U.S. policy. Rumors abound that President Trump may sign an executive order supporting digital assets on his first day in office, amplifying bullish sentiment.
According to Polymarket, there is a 54% probability that Trump will establish a national Bitcoin reserve within 100 days of taking office. The move, if realized, could be a game-changer for the cryptocurrency market, with assets like XRP expected to see double-digit gains.
Beyond the inauguration, other key factors are adding to XRP’s bullish outlook. Last Thursday, Bloomberg ETF analyst James Seyffart stated that it’s a matter of “when” rather than “if” the U.S. Securities and Exchange Commission (SEC) approves ETFs for Solana and XRP. This perspective further solidifies market confidence, especially as regulatory clarity around XRP continues to improve.
Meanwhile, on the same day, Grayscale announced that its XRP Trust is now open to qualified investors, underscoring institutional interest in the cryptocurrency. Furthermore, XRP’s underlying technology, the XRP Ledger, continues to be celebrated for enabling efficient cross-border payments, which remains a cornerstone of its value proposition.
Elsewhere, some analysts suggest that the growing influence of Trump’s $8 billion TRUMP meme coin could significantly impact the ongoing SEC case against XRP. On Sunday, lawyer Bill Morgan commented on the case, noting, “It’s hard to see how the SEC v. Ripple appeal holds when the incoming president is launching and promoting his own speculative meme coin.” His comments suggest the Trump administration could drop crypto cases brought by the Gensler-led SEC and an increasingly crypto-friendly political climate, which could further benefit XRP.
That said, analysts also anticipate that the milestone event will significantly boost cryptocurrency prices. Crypto expert Jason Williams has 252,000 followers and has been vocal about his bullish outlook for XRP. On January 16, he tweeted, “Two more business days until Trump sends us to Valhalla: Bitcoin: $250k ETH: $3k SOL: $2k XRP: $6.90.”
Williams’ prediction suggests that XRP could surge to around $7 in a matter of days, or even hours, as the market reacts to the anticipated policies of the incoming administration.
At press time, XRP was trading at $3.29, reflecting a 4.41% surge in the past 24 hours.
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