At the time of writing, XRP is trading above $3.3, reaching such levels for the first time in years. This growth accelerated after the recent news, although interest in XRP became apparent even earlier.

The growth began when SEC head Gary Gensler announced the date he would be stepping down. XRP, which had previously ignored sharp market movements, is now showing a rapid rise, adding more than 20% in a day. According to CoinMarketCap (CMC), XRP's all-time high in January 2018 was $3.8. However, some sources claim that the current level is higher than the 2017 peak and CMC may contain errors.

Interest in XRP

The volume of open positions in the XRP futures market has increased by almost 23%, approaching $7.7 billion. The Trump administration is expected to start issuing orders favoring cryptocurrencies soon. In addition, the new cryptocurrency-friendly SEC may drop cases against companies unrelated to fraud.

Ripple, which has significant expertise in payment services, could significantly strengthen its market position thanks to Trump's support. In addition Ripple plans to launch new products, which will expand the functionality of the XRP Ledger network and allow the company to build its own ecosystem.