Trump Boosts XRP Trading Volume by 26% with Truth Social Share

Former U.S. President Donald Trump shared an article related to XRP on his Truth Social platform on Tuesday. The article, originally published by CoinDesk in January, revealed that Ripple CEO Brad Garlinghouse noticed an increase in U.S. trading and hiring activities following Trump's election victory in November.

Despite the article's publication, XRP's trading volume has surged by 26% in the past 24 hours, reaching $5.5 billion. However, the price of the XRP token remains relatively low at $2.53.

The article shared by Trump highlights the potential impact of political events on the cryptocurrency market. As the former president continues to engage with his followers on Truth Social, his influence on the crypto community remains significant.

XRP, the native cryptocurrency of the Ripple network, has been the subject of regulatory scrutiny in the United States. The Securities and Exchange Commission (SEC) has been investigating whether XRP should be classified as a security, which could have significant implications for the cryptocurrency's legal status and market prospects.

The recent increase in XRP's trading volume may be attributed to various factors, including market sentiment, regulatory developments, and the overall performance of the cryptocurrency market. As the crypto industry continues to evolve, investors and enthusiasts alike will be watching closely for any further developments related to XRP and its regulatory status.