Why XRP Price Skyrocketed After the U.S. Election: Report Explains

Published by

Vignesh S G

May 22, 2025

Why XRP Price Skyrocketed After the U.S. Election_ Report Explains

A newly published report in the American Bankruptcy Law Journal by legal scholar Jessica G. McKinlay reveals a strong link between XRP’s explosive price surge and the recent political shift in the U.S., following Donald Trump’s victory over Kamala Harris in the 2024 presidential election.

Let’s break down the key insights from the report.

The report highlights that Trump’s crypto-friendly policy proposals played a significant role in XRP’s 443% rally between November 5 and December 2, 2024, when the price jumped from $0.50 to $2.72.

By mid-January 2025, XRP touched a 7-year high of $3.40, reflecting growing investor confidence after Trump’s promise to:

Support innovation in the crypto sector
Establish clearer regulations
Reduce government interference in digital assets

In contrast, Kamala Harris’s stance was less defined, leading to market uncertainty before the election results.

Ripple’s Legal Battle Gets Boost After SEC Leadership Change

One of the most critical factors behind XRP’s rise, the report notes, is the replacement of SEC Chairman Gary Gensler with Paul S. Atkins, a move widely seen as favorable for the crypto industry.

Ripple’s long-running legal dispute with the SEC under Gensler had cast a shadow over XRP for years. The new leadership brought renewed hope for resolution and regulatory clarity, which triggered a bullish rally in the market.

Also Read :
Ripple Doubles Its Bid to $11B to Acquire Circle — But Coinbase Wants In Too!
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Bitcoin & Ethereum Also Benefit from Political Shift

While XRP was the biggest gainer, Bitcoin and Ethereum also posted notable gains in November 2024:

Bitcoin (BTC) rose 37.4%, eventually hitting the $100K milestone
Ethereum (ETH) surged 47.4% during the same period

The report praises Ethereum’s transition to proof-of-stake for its reduced energy use, while also criticizing Bitcoin’s centralized mining practices and environmental impact.

XRP and the Trump Effect: A Turning Point for Crypto?

The report concludes that Trump’s regulatory stance, combined with the SEC reshuffle, created a favorable environment for XRP to thrive. With clearer policy directions and reduced legal risks, XRP attracted significant investor interest.As the U.S. regulatory landscape evolves, XRP’s performance may become a case study in how politics can reshape crypto markets.

FAQs

How high can XRP price go?

Various analysts offer diverse predictions for XRP’s price, with some forecasting $4 in the short term, $5 to $7 by mid-2025, and long-term targets ranging from $10 to $20 by 2030, or even $27 if certain technical patterns play out.

When will XRP price hit a new All-Time High (ATH)?

Some analysts predict XRP could hit a new ATH ($3.84) in 2025, with one expert suggesting it could occur within 90 to 120 days based on historical RSI patterns, potentially by June or mid-to-late July 2025.

What is the XRP price prediction for 2030?

By 2030, XRP could trade between $17 and $26.50, fueled by global partnerships and broader crypto adoption.

Where will XRP be in 2040?

XRP may reach up to $179 by 2040 if mass adoption, strong regulation, and Ripple’s global expansion continue.

Vignesh S G

Vignesh is a young journalist with a decade of experience. A proud alumnus of IIJNM, Bengaluru, he spent six years as a Sub-Editor for a leading business magazine, published from Kerala. His interest in futuristic technologies took him to a US-based software company specialising in Web3, Blockchain and AI. This stint inspired him to view the future of journalism through the lens of next generation technologies. Now, he covers the crypto scene for Coinpedia, uncovering a vibrant new world where technology and journalism converge.

Published by

Vignesh S G

Tags: Ripple (XRP)