Trump's XRP Mention Sparks Price Drop, Bullish Catalysts Emerge

US President Donald Trump's recent mention of Ripple and XRP on Truth Social has sparked speculation about the potential impact on XRP's price. As of today, XRP is trading at $2.56 after a 3.65% drop, with its market capitalization losing $17 billion over the past four days.

Trump acknowledged Ripple's CEO Brad Garlinghouse's previous remarks about the company securing more deals in the US following Trump's election. These deals allowed Ripple to increase its US workforce. Garlinghouse had previously stated that the "Trump effect" on the crypto industry was promoting innovation and job growth, and that the "Trump bull market" was more personal for Ripple after an oppressive regulatory framework stifled its US business.

Ripple has been at the center of discussions since Trump's election. In early January, Garlinghouse revealed that he had dinner with President Trump at his Mar-a-Lago resort, highlighting XRP's growing presence in Washington. Ripple's CTO, David Schwartz, has also mentioned that XRP is on the "cusp of mass institutional adoption." Additionally, speculation is rife about XRP being included in Trump's plans for a national crypto reserve, with odds standing at 15% on Polymarket.

Following Trump's recent endorsement and Ripple's growing presence in Washington, it is likely that XRP could rally toward $100. Moreover, the recent acknowledgment of Bitwise's filing for a spot XRP ETF by the US Securities and Exchange Commission (SEC) is a bullish catalyst. While the $100 target may not happen in 2025, it could be achieved given a long enough time.

As noted in a previous analysis, XRP price hitting $100 is not unlikely. If the 2017 bull run fractal repeats, then XRP is on the cusp of an exponential bull run. The 2017 bull rally saw Ripple breach the initial range and extend beyond the 161.8% Fibonacci Extension level to form a local top between 227.2% and 241.4% Fibonacci extension levels. Considering that XRP price is attempting to break the range high of $2.90, investors are expecting a similar outlook to unfold. If the 20