XRP News Today: XRP Surges 443% Post-Election on Trump's Crypto-Friendly Policies

The price of XRP, a digital currency, experienced a significant surge following the U.S. election. This phenomenon can be attributed to several factors, primarily the regulatory environment and market sentiment.

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. 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, and reduce government interference in digital assets. In contrast, Kamala Harris’s stance was less defined, leading to market uncertainty before the election results.

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.

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, and 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.

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.