Ripple Labs (XRP-USD) is capitalizing on what CEO Brad Garlinghouse calls the “Trump effect,” securing more U.S. deals in the last six weeks of 2024 than in the prior six months. Garlinghouse described the new administration as a game-changer for crypto, saying, “2025 is here, and the Trump bull market is real.”
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Ripple Bets Big on U.S. Growth
Ripple’s hiring efforts tell the story. A whopping 75% of the company’s open positions are now U.S.-based—a dramatic pivot from its earlier offshore expansion under the Biden administration. Ripple is doubling down by donating $5 million worth of XRP tokens to Trump’s upcoming inauguration, signaling confidence in the administration’s pro-crypto stance.
XRP Gains Momentum
Ripple’s moves seem to be paying off. XRP prices skyrocketed 300% after Trump’s election, with South Korean trading volumes leading the charge. A report by CoinShares reveals XRP raked in $438 million in inflows last year, outshining other altcoins. Speculation about regulatory shifts—especially with Gary Gensler stepping down as SEC chair—is also fueling investor confidence.
At the time of writing, XRP is sitting at $2.4317.
