US President Elect Donald Trump on Wednesday shared a post on ‘Truth Social’ platform, endorsing a recent statement by Ripple CEO Brad Garlinghouse who said, “2025 is here and Trump Bull market is real.” Trump posting a pro-Ripple article on the social media platform resulted in XRP gaining 4.5% in the past 18 hours.
Trump’s post on ‘Truth Social‘ has led to several speculations in the crypto industry including whether the U.S. president is officially endorsing XRP and whether it would win the race for ETFs. According to Coingecko data, XRP price stood at $2.60 with an overall hike of 4.5% in past 18 hours, at the time of publishing of this report.
Ripple CEO Brad Garlinghouse on January 5 2025, wrote on his official X account, expressing his deep appreciation for the positive U.S. market mood following the elections because the SEC’s actions had previously restricted Ripple’s business chances in the United States.
Ripple Labs now directs most of its growth efforts toward the U.S. market as it populates 75% of its open positions within U.S. locations. In his post, Garlinghouse asserts that Ripple achieved higher deal numbers with American businesses within the last six weeks of 2024 compared to all deals signed since the start of 2024 due to the “Trump effect.”
Ripple’s market shift to target the U.S. market occurs because analysts expect Trump’s administrative team to adopt friendly positions toward cryptocurrency which will benefit Ripple. Garlinghouse noted that the business deals and new employee hires at the firm connect to Trump’s pro-enterprise pledges which points to an upcoming growth period for crypto ventures in the region.
Additionally, Ripple has also proven its allegiance to Trump by donating $5 million worth of XRP to his inauguration ceremony. In the wake of Trump endorsing Brad’s statement, many are wondering whether XRP stands the most chance for getting their ETF approved in 2025.
Also Read: Is the SEC About to Pause Its Ripple Lawsuit?
