In a game-changing development, Ripple (XRP) CEO Brad Garlinghouse met new US President Donald Trump on Wednesday, the local media reported. The crypto community, especially XRP backers, erupted in excitement after the reported meeting.
US media outlets reported on Wednesday that XRP CEO Brad Garlinghouse liked a post that alleged the two business tycoons met each other to discuss the future of crypto-related policies.
XRP Chief Openly Accuses SEC of Favoritism
The meeting between Trump and Garlinghouse is crucial in the backdrop of what XRP has been going through since the crackdown by the US Securities and Exchange Commission (SEC). In recent weeks, Garlinghouse has been quite vocal in accusations against the SEC, alleging it to select “winners” and “losers” through their enforcement actions.
Crypto experts and analysts believe the meeting is likely to spark a fresh round of speculation in the crypto-verse as Donald Trump is all set to reveal his team for the next four-year term at the White House. Amid speculations and hopes, crypto enthusiasts took the Trump-Garlinghouse meeting positively.
XRP Price on the Move
The crypto community wasn’t the only one excited by the alleged meeting. The recent appreciation of Bitcoin’s price and positive developments regarding Trump’s appointments inspired the XRP price. At 07:30 am EST, the XRP price was seen trading at $0.6804 per coin after a 5.86% increment in the last 24 hours. During the 24 hours, the XRP price peaked at $0.73. However, higher-level corrections and profit-taking cut down most of the gains, and XRP returned to below $0.70. The recent surge has broken a falling wedge, which has kept the XRP price close at $0.50 for the past few weeks. The XRP market cap also jumped by 6.53% to $38.95 billion, while trading volume exaggerated by 16.14% to $9.44 billion.
Analysts Sound Bullish on XRP Price
As the new US administration embarks on a new journey, the crypto industry hopes for a new era for digital assets in the United States. The meeting between Doland Trump and Brad Garlinghouse is set to go a long way in establishing the groundwork for the upcoming crypto-related policies.
Market analyst Zach Rector claimed that Trump and Garlinhouse met with the crypto industry in focus. Later, he shared a screenshot of Garlinghouse liking his earlier post, thereby confirming his disclosure about the meeting.
No further details of the meeting were shared or reported in the mainstream media till the filing of this report.
Light at the End of the Tunnel for XRP?
The meeting between new US President Donald Trump and Ripple CEO Brad Garlinghouse is exactly what the doctor would have ordered for the XRP price. After staling at around $0.50 for many weeks, the XRP price broke through $0.60 in a flash and went on to breach $0.70 before giving up part of its daily gain.
Analysts regard this meeting as a light at the end of the tunnel for XRP. They believe the meeting is a clear sign of changing tides, which means the XRP price might explode to $1 and beyond in the weeks to come. Some crypto experts even projected the XRP price to hit $2.2 if the Bitcoin price breaches the iconic milestone of $100,000. Apart from XRP, analysts are also bullish on Bitcoin price levels, some predicting BTC price to smash past $150,000 and $200,000 by the early months of the next year.
The Final Thoughts
The meeting between Trump and Garlinghouse clearly indicates changing minds in the White House. It also means the SEC won’t have a clear go-ahead from Washington to clamp down on crypto projects. Major crypto projects like Ripple, Binance, Bitcoin, Ethereum, and Solana will likely sparkle in this scenario.
As Elon Musk takes guard as the Director of Government Efficiency (DOGE), Donald Trump is set to live up to his promises to the crypto community during his presidential campaign earlier this year. It would be interesting to see how Mr. Trump will live up to his word. One thing is for sure: cryptos have the breathing space they have longed for the past few years.
