XRP, the cryptocurrency associated with Ripple Labs, has seen a remarkable surge this year, outperforming other major digital assets with a gain of over 60%. This rally comes after years of legal battles with the U.S. Securities and Exchange Commission (SEC), which sued Ripple in 2020 for allegedly selling unregistered securities.
A recent court ruling partially vindicated Ripple, declaring XRP not a security when sold to retail investors. While the SEC has appealed this decision, the growing expectation of a more crypto-friendly regulatory environment under the Trump administration has fueled optimism. The appointment of a pro-crypto SEC chair and other key figures has further bolstered investor confidence. Ripple CEO Brad Garlinghouse has expressed confidence that the new administration will bring greater regulatory clarity to the cryptocurrency market.
Furthermore, speculation surrounding a potential U.S. Strategic Bitcoin Reserve has significantly contributed to XRP's momentum. Reports suggest the administration is considering acquiring and holding seized cryptocurrencies, with XRP, Solana, and USDC being potential candidates for inclusion in this reserve.
According to Strahinja Savic, Head of Data and Analytics at FRNT Financial, the unwavering support of the "XRP Army," a dedicated community of XRP investors, has been crucial in driving the asset's upward trajectory.
January 2025, Cryptoniteuae