Trump’s Win Sparks Hope for XRP ETF Approval

[Cryptowarrior]

Donald Trump’s 2024 election victory has fueled optimism for an XRP Exchange-Traded Fund (ETF) approval. Many in the crypto community expect a more crypto-friendly regulatory environment under Trump, with the possibility of SEC Chair Gary Gensler being replaced. This change could pave the way for the approval of the XRP ETF, as several firms, including 21Shares and Bitwise Investments, have already filed for it.

Gensler’s Exit Could Boost XRP

Trump has promised to remove SEC Chairman Gary Gensler, a move that could significantly impact crypto regulation. Replacing Gensler with a more crypto-friendly SEC head could clear the way for XRP ETF approval and improve market sentiment. Ripple CEO Brad Garlinghouse has been vocal about the need for Gensler's removal.

XRP’s Price Surge and Market Confidence

XRP’s price surged nearly 5% to $0.5563 today as per Coinpedia markets data, with rising trading volume and Futures Open Interest, signaling growing investor confidence amid ETF speculations. Experts like Bitboy suggest that Trump firing Gensler could further drive XRP’s price.


For a deeper dive into XRP Price Prediction and market trends, check out our detailed analysis.

Expert Predictions for XRP’s Future

Analyst Luke Thomas predicts significant developments for Ripple in the next few months, including the potential launch of Ripple’s stablecoin, RLUSD, and a possible XRP ETF filing by BlackRock. He also foresees a settlement in the Ripple-SEC lawsuit, which could allow Ripple to sell XRP to institutional clients.

XRP’s Outlook Under Trump

Trump’s win has sparked renewed hope for XRP’s future. With potential regulatory changes, an XRP ETF launch, and a resolution of the Ripple-SEC lawsuit, XRP could see significant growth in the coming months. Investors are watching closely as these developments unfold.