Trump’s Social Media Post Ignites XRP Community Enthusiasm
On Tuesday, former U.S. President Donald Trump took to the social media platform Truth Social to share an intriguing article related to XRP, sparking a wave of excitement and speculation within the XRP community. The article, originally published by CoinDesk in January, highlighted the positive impact of Trump’s election victory in November on Ripple CEO Brad Garlinghouse, noting a notable increase in U.S. deals and hiring initiatives.
The post garnered significant attention, accumulating 6.3K likes and 268 replies. Many comments echoed sentiments such as “XRP to the moon” and expressed hopes that XRP could serve as the foundational currency for a potential U.S. cryptocurrency reserve.
Despite the buzz generated by the post, the price of the XRP token remained relatively stable at $2.53. However, trading volume saw an impressive increase of 26% over the past 24 hours, reaching $5.5 billion, as reported by CoinMarketCap.
This post coincides with recent developments involving the Department of Government Efficiency (DOGE), led by Elon Musk, which has placed the Securities and Exchange Commission (SEC) in its crosshairs. The ongoing scrutiny of the SEC could lead to favorable outcomes for Ripple, especially as the company faces an appeal from the regulator concerning an alleged unregistered securities offering dating back to 2020.
Additionally, there is growing optimism that an XRP exchange-traded fund (ETF) may receive approval this year, following the SEC’s acknowledgment of a filing made by the New York Stock Exchange and Grayscale just last week.
