XRP Rises Over 400% to Become Third-Largest Cryptocurrency After Trump Win

Ripple's XRP hits a seven-year high as regulatory optimism, ETF speculation, and market momentum drive a $100 billion rally.

XRP's price has surged over 400% in the past month, reaching $2.80, its highest level since 2018, and surpassing Solana and Tether to become the third-largest cryptocurrency by market cap.
The rally follows Donald Trump's presidential election victory, which has fueled expectations of a more crypto-friendly regulatory environment in the U.S., including the resignation of SEC Chair Gary Gensler in January 2025.
Speculation around the potential approval of XRP-focused exchange-traded funds (ETFs) in 2025 has further bolstered investor confidence, with major firms like WisdomTree filing ETF applications.
Ripple's ongoing legal battle with the SEC, which began in 2020, may see a resolution as analysts predict a shift in regulatory stance under the incoming administration.
Institutional and retail investors have poured billions into XRP, with whale activity and short liquidations contributing to the token's rapid price increase.