Ripple Effect: Market Momentum Shifts Amid Trump’s Alleged Involvement in Cryptocurrency Investments

XRP Price Prediction: Donald Trump’s Fund Buying XRP, Hedera Sparks Optimism For The Tokens

As the year draws to a close, XRP is finally showing signs of recovery after taking a bearish turn. Recent reports indicating that Donald Trump’s fund is purchasing XRP have sparked optimism in the market. Let’s delve deeper into the XRP price prediction and what it means for investors.

At the time of writing, XRP is currently trading at $2.30, with a significant 16% increase over the past 24 hours. Following a slight decrease last week, the cryptocurrency is experiencing a modest recovery. Meanwhile, Bitcoin’s (BTC) valuation has surpassed $99,000, which is fueling optimism in the market.

Moreover, Mark Yusko, founder of Morgan Creek Capital Management, recently shed light on Donald Trump’s alleged involvement in cryptocurrency investments. Yusko claimed that Trump and his son Eric have been actively acquiring digital assets, including Bitcoin (BTC), Hedera (HBAR), and Ripple’s XRP. According to Yusko, Trump’s investments, particularly in HBAR and XRP, could position him at the forefront of ETF approval for these cryptocurrencies.

This information aligns with earlier claims from a source close to Trump’s transition team, hinting at a national cryptocurrency reserve. The possibility of Trump’s support for cryptocurrencies positively impacting XRP, thereby driving a positive trend in its price, cannot be ignored.

Furthermore, on-chain analyst Ali Martinez recently shared that whales purchased 80 million XRP since the price correction began on December 17. Another crypto analyst posted an X post comparing XRP’s 2017 and 2024 price trends. The chart presented in the post suggests that XRP could mimic its previous bull run, potentially reaching new heights, thus fueling excitement among XRP holders.

In light of this information, it appears that a promising future is ahead for XRP and HBAR.

Source: coinpedia.org