The XRP community is abuzz with excitement after US President Donald Trump shared Ripple-related content on the social media platform Truth Social. This move comes at a time when institutional interest in the digital asset is on the rise, especially with the US Securities and Exchange Commission (SEC) acknowledging more applications for a spot XRP exchange-traded fund (ETF).
Trump’s Ripple posts have sparked speculations and discussions across the crypto space. On Feb. 18, Trump shared two XRP-related articles on Truth Social, which praised the President and highlighted comments from Ripple CEO Brad Garlinghouse about increased hiring and business opportunities in the US following Trump’s election victory in November. The XRP community quickly interpreted Trump’s posts as a bullish signal, with many speculating that the digital asset could play a significant role in future US crypto policies.
Since Trump’s electoral win, XRP has been one of the standout performers in the crypto market. Many traders and analysts believe that his administration could bring much-needed regulatory clarity, potentially fostering greater adoption and institutional investment in the space. The SEC’s acknowledgment of two more spot XRP ETF applications from Cboe BZX Exchange has added to the excitement. Bloomberg ETF analyst James Seyffart described the SEC’s acknowledgment as expected, but noted that Ripple’s legal battle with the SEC remains a significant hurdle to overcome for an XRP ETF approval.
While Ripple did secure a partial victory regarding XRP’s classification, the ongoing legal appeal creates uncertainty. Recent developments suggest that the SEC might move to pause its lawsuit, similar to what it did in the case against Binance. Despite the legal challenges, crypto bettors have increasing confidence in the SEC’s approval of an XRP ETF. Data from Polymarket indicates a 78% probability that an XRP ETF will be approved by 2025, reflecting strong investor sentiment towards the asset’s future.
In conclusion, the XRP community is eagerly anticipating the potential impact of Trump’s Ripple-related posts on the digital asset’s future. With increasing institutional interest and the SEC’s acknowledgment of more spot XRP ETF applications, there is growing optimism surrounding XRP’s prospects. While regulatory hurdles remain, the community remains hopeful that greater clarity and adoption are on the horizon. Trump’s support and the SEC’s actions could pave the way for a new chapter in XRP’s journey within the crypto space.
