XRP is ending the year on a positive note, showing signs of recovery after a bearish phase. Recent reports suggesting that Donald Trump’s fund is investing in XRP have sparked speculation about its impact on the token’s value. Currently trading at $2.30, XRP has climbed over 16% in the last 24 hours, recovering after a slight dip earlier in the week.
Mark Yusko, founder of Morgan Creek Capital Management, recently claimed that Donald Trump and his son Eric have been actively investing in digital assets like Bitcoin (BTC), Hedera (HBAR), and Ripple’s XRP. Yusko believes these investments could position Trump as a significant player in cryptocurrency markets, especially with potential ETF approvals for HBAR and XRP on the horizon.
Trump’s rumored crypto involvement may be fueling optimism around XRP. On-chain analyst Ali Martinez shared that whales have purchased 80 million XRP since the recent price correction began on December 17, signaling strong interest from large investors.
Adding to the excitement, a crypto analyst compared XRP’s current price movement to its 2017 bull run. The analysis suggests XRP could repeat its earlier rally, potentially reaching $8–$13. This historical pattern has encouraged XRP holders to anticipate a significant price surge.
Yusko also pointed to rumors of a possible exemption for U.S.-based cryptocurrencies from capital gains tax. If implemented, this could dramatically change how crypto is treated in the U.S. and reshape the market’s future.
Despite the recent buzz, Yusko expressed doubts about XRP’s long-term potential, criticizing both XRP and Cardano for a lack of groundbreaking innovation. However, he remains optimistic about the U.S. government’s changing attitude toward cryptocurrencies.
Figures like Scott Bessent and the potential new SEC chair have openly supported digital assets, signaling possible regulatory shifts.
Speculation is growing that Trump’s team may include XRP and HBAR in a national cryptocurrency reserve. Shawn, a Hedera supporter, claimed that the administration aims to classify these tokens as “American Commodities” to strengthen the U.S.’s position in the global crypto market.
Whether fueled by whales, history, or high-profile names, XRP’s journey promises to keep the market guessing.
BlackRock’s iShares Bitcoin Trust (IBIT) just posted one of its biggest days since launch, pulling…
Traders are convinced the altseason is either here or just about to explode. After Bitcoin's…
Gate Group has officially announced that its subsidiary, Gate Technology FZE (“Gate Dubai”), has been…
FTX has launched legal action against NFT Stars Ltd. and KUROSEMI INC. (d/b/a Delysium) for…
Stablecoins are rapidly evolving from a niche segment in the crypto world to a key…
Cryptocurrency has a reputation for being a bit too technical, especially for someone who’s never…
