Trump’s social media post highlighting Ripple’s growth in the U.S. under his administration helped fuel XRP’s latest price surge
XRP’s price jumped 7.4% in a matter of hours after Donald Trump shared a CoinDesk article on social media featuring Ripple CEO Brad Garlinghouse’s view on the “Trump Effect”.
In the article, initially published in January before Trump took office, Garlinghouse praised the incoming president as a positive catalyst for the crypto market, calling it a turning point for Ripple after years of regulatory hurdles.
“2025 is here and the Trump bull market is real,” he said at the time via an X post.
“For Ripple, this is even more personal after Gensler’s SEC effectively froze our business opportunities here at home for years. The optimism is obvious and very deserved.”
After Trump shared the CoinDesk article in a Truth Social post on Tuesday, XRP enjoyed a surge in trading volume exceeding $5.5 billion.
Beyond Trump’s influence, major institutional developments further supported XRP’s rally. Notably, Brazil’s Securities and Exchange Commission (CVM) approved the world’s first spot XRP ETF on February 18.
The Hashdex Nasdaq XRP Index Fund will be listed on the B3 stock exchange and will reinforce Brazil’s role as a leader in crypto adoption.
Asset manager Hashdex celebrated the milestone on X. “Not all ripples are small. Some reshape entire markets,” it said.
Meanwhile, in the U.S., the Securities and Exchange Commission (SEC) acknowledged Bitwise’s application for a spot XRP ETF, filed through the Cboe BZX Exchange on February 18.
This acknowledgment from the SEC indicates a possible shift in regulatory attitudes toward cryptocurrency assets.
Bloomberg ETF analysts James Seyffart and Eric Balchunas highlighted their positive sentiment towards this change via an X post on February 10. Based on recent filings for spot crypto ETFs, they estimate a 65% chance of an XRP ETF getting the green light this year.
Since Trump’s election victory in November 2024, XRP has surged over 300%, outperforming many major cryptocurrencies.
Garlinghouse highlighted this momentum in his X post, noting that Ripple “signed more U.S. deals in the last six weeks of 2024 (since the election) than the previous six months”.
“Say what you want, but the ‘Trump effect’ is already making crypto great again,” he added.
