Former U.S. President Donald Trump has shared two Ripple-related articles on Truth Social. This unexpected attention has sparked discussions about potential shifts in the crypto landscape. The posts highlight Ripple’s growing presence in U.S. markets.
The Trump Effect on Ripple
Ripple CEO Brad Garlinghouse reports a significant uptick in U.S. business deals. The company saw more domestic partnerships in late 2024 than in the previous six months. This growth coincides with Trump’s return to office.
The company has shifted its hiring focus. Now, 75% of Ripple’s new positions are U.S.-based. This marks a major change from their previous overseas focus.
Market Implications
Despite the high-profile attention, XRP’s price remains steady at $2.60. This stability suggests traders are taking a wait-and-see approach. The market appears to need more concrete policy changes before reacting.
The timing of Trump’s posts aligns with broader economic initiatives. His administration emphasizes deregulation and business-friendly policies. These could benefit crypto companies operating in the U.S.
Regulatory Outlook
Trump’s interest in Ripple might signal a softer stance on crypto regulation. The company’s increased U.S. presence suggests growing confidence in the regulatory environment. This could attract more crypto businesses back to American shores.
The shift could lead to:
- More crypto companies relocating to the U.S.
- Increased institutional investment in digital assets
- Clearer regulatory frameworks for crypto businesses
- Enhanced competition in the U.S. crypto market
Technical Analysis
XRP maintains strong support at $2.50. The token shows a bullish trend on daily charts. Key resistance levels sit at $2.75 and $3.00. Trading volume remains steady, indicating market stability.
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Source: Bitcoinist
Tags: XRP, Ripple, Donald Trump, Crypto Regulation, Market Analysis