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Why XRP Is Rising: Garlinghouse-Trump Meeting Fuels Optimism for Ripple

Ripple CEO’s Meeting with Donald Trump Sparks Speculation

Ripple, the blockchain company behind the cryptocurrency XRP, has long been embroiled in a legal battle with the U.S. Securities and Exchange Commission (SEC). Under the Biden administration, the company has faced significant hurdles, raising concerns about the future of its operations in the U.S. However, a new development has captured the crypto world’s attention.

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Ripple CEO Brad Garlinghouse recently confirmed a meeting with former U.S. President Donald Trump. While details of the meeting—such as its location, timing, and agenda—remain shrouded in mystery, the news has sparked widespread speculation within the cryptocurrency community.

Though the revelation has not yet been independently verified, many view it as a potential turning point for Ripple and XRP. Discussions around the meeting are centered on its implications for Ripple's legal challenges and XRP's role in the evolving U.S. regulatory framework.

 

XRP’s Remarkable Price Surge

Despite ongoing legal uncertainties, XRP has displayed impressive growth. Over the past week, the cryptocurrency surged by 76.8%, with a 20.5% jump in the last 24 hours alone. On 5 November, XRP was trading at approximately $0.5053. Since then, it has nearly doubled in value, registering a 94.25% increase.

This rally has renewed interest in XRP, positioning it as one of the standout performers in the cryptocurrency market, outpacing heavyweights like Bitcoin, Ethereum, and Solana.

 

Speculation Surrounding SEC Leadership

Adding to the market momentum are growing questions about the future of SEC Chairman Gary Gensler. Gensler has been a key figure in the regulatory scrutiny faced by Ripple and the broader cryptocurrency industry.

Recent comments by Gensler, in which he commended the SEC’s work in the crypto space, have sparked speculation about his potential resignation. This uncertainty has created an air of optimism among crypto advocates, who hope for a more favorable regulatory environment in the near future.

 

Whale Activity and XRP Accumulation

Behind the price surge lies a significant shift in investor behavior, particularly among large-scale holders of XRP, commonly known as "whales."

Blockchain analysis reveals that wallets holding at least 1 million XRP have been steadily accumulating tokens. These whales now control a combined 45.61 billion XRP, representing an 8.16% increase in holdings over the past two years.

Such concentrated activity among high-value investors often signals confidence in a cryptocurrency’s long-term potential and can significantly influence its price.

 

A Technical Breakout and Optimistic Forecasts

From a technical analysis perspective, XRP has achieved a major milestone. The cryptocurrency recently broke out of a six-year symmetrical triangle pattern, a formation that traders often interpret as a precursor to significant price movements.

Historically, such breakouts have been followed by sustained upward trends, leading many analysts to predict continued growth for XRP in the coming months.

 

Ripple’s Battle with the SEC: A Looming Decision

Ripple's ongoing case with the SEC remains a critical factor in the cryptocurrency's future trajectory. The SEC alleges that Ripple’s sale of XRP constituted an unregistered securities offering, a claim Ripple has vigorously contested.

The lawsuit’s outcome could set a precedent for how cryptocurrencies are classified and regulated in the U.S. If Ripple prevails, it would be a watershed moment for XRP and the broader crypto market. Conversely, an unfavorable verdict could have far-reaching consequences for the industry.

 

What’s Next for Ripple and XRP?

As XRP gains momentum, the cryptocurrency community is watching closely for further developments. Will Garlinghouse’s meeting with Trump lead to meaningful change in the U.S. regulatory stance on cryptocurrencies? Could leadership changes at the SEC pave the way for a more favorable environment?

While the answers remain uncertain, one thing is clear: Ripple and XRP are at the center of a rapidly evolving narrative that could shape the future of digital assets in the United States.

For now, XRP’s price surge reflects a mix of optimism, strategic accumulation by investors, and technical strength. Whether this momentum can be sustained will depend on both market dynamics and the outcome of Ripple’s ongoing legal and regulatory challenges.

Source: CoinCodex

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Writer @)OXee

OXee is an experienced crypto writer who loves to explore the intersection of blockchain technology and financial markets. She regularly provides insights into the latest trends and innovations in the digital currency space.

 

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