Donald Trump Shares CoinDesk’s XRP Article on Truth Social, Spurring Bullish Sentiment

U.S. president Donald Trump shared an XRP-related article on social media platform Truth 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 publish generated 6.3K likes and 268 replies, the vast majority of which uttered phrases like “XRP to the moon” and mentioned how XRP ought to change into the foreign money that underpins a possible U.S. crypto reserve.

The XRP token remained pretty muted at $2.53 after the publish, though buying and selling quantity is up by 26% in 24 hours to $5.5 billion, in keeping with CoinMarketCap.

The publish comes because the Elon Musk-led Department of Government Efficiency (DOGE) put the Securities and Exchange Commission (SEC) in its crosshairs on Monday — which might finish in a optimistic consequence for Ripple as it’s going through an enchantment from the regulator in relation to an alleged unregistered securities providing in 2020.

There can be an expectation that an XRP exchanged traded fund (ETF) might be accepted this yr after the SEC acknowledged a submitting by the New York Stock Exchange and Grayscale final week.