U.S. president Donald Trump shared an XRP-related article on social media platform Reality Social on Tuesday, stoking pleasure and hypothesis among the many XRP neighborhood.
The article, revealed by CoinDesk in January, revealed how Ripple CEO Brad Garlinghouse skilled an uptick in U.S. offers and hiring efforts following Trump’s election victory in November.
The submit generated 6.3K likes and 268 replies, nearly all of which uttered phrases like “XRP to the moon” and mentioned how XRP ought to change into the forex that underpins a possible U.S. crypto reserve.
The XRP token remained pretty muted at $2.53 after the submit, though buying and selling quantity is up by 26% in 24 hours to $5.5 billion, in keeping with CoinMarketCap.
The submit comes because the Elon Musk-led Division of Authorities Effectivity (DOGE) put the Securities and Alternate Fee (SEC) in its crosshairs on Monday — which might finish in a constructive end result for Ripple as it’s dealing with an enchantment from the regulator in relation to an alleged unregistered securities providing in 2020.
There may be additionally an expectation that an XRP exchanged traded fund (ETF) can be accepted this 12 months after the SEC acknowledged a submitting by the New York Inventory Alternate and Grayscale final week.