Get ready, XRP is on the rise! Following the recent US presidential elections, XRP has gained momentum and now, with President Trump’s inauguration imminent, XRP is soaring!

XRP Reaches Near All-Time High

Ripple’s digital currency, XRP, has surged to a near all-time high, reaching $3.31 with a 6.35% increase in just 24 hours.

The growing optimism surrounding Ripple has fueled this climb, with talks circulating about the potential approval of XRP-based Exchange-Traded Funds (ETFs) and positive updates in the ongoing legal battle with the U.S. Securities and Exchange Commission (SEC).

Initially, the SEC filed a lawsuit against Ripple in 2020, alleging unregistered securities offerings. However, recent developments have been in Ripple’s favor, as a judge imposed a $125M fine—a significant reduction from the SEC’s initial demand of $2B.

Expectations of a more crypto-friendly regulatory environment under the upcoming Trump administration have led many investors to believe that the likelihood of the SEC achieving a significant reversal is reduced.

In the midst of these changes, Ripple’s leadership remains confident about the possibility of XRP ETFs becoming a reality, following the footsteps of Bitcoin and Ethereum ETFs.

CEO Brad Garlinghouse recently had a meeting with President-elect Donald Trump, sparking further speculation about regulatory changes and a potential shift towards a more pro-crypto environment.

The appointment of Paul Atkins as the new SEC Chair, known for his pro-crypto stance, is also expected to pave the way for more cryptocurrency ETFs.

A New Wave of Low-Cap Coins?

Memecoins closed out 2024 strongly and have continued to rise in 2025. With Bitcoin’s ongoing climb and XRP’s surge, major cryptocurrencies are creating opportunities for low-cap coins to shine.

One such token is the BEST Wallet token, a presale offering from the leading web3 wallet, BEST Wallet. Having already raised $7.6M, it promises enhanced utility and access to the wider BEST Wallet ecosystem for $BEST token holders.

The $BEST token seems poised to ride the same wave as Ripple’s XRP, benefiting from strong fundamentals and a positive outlook from US government regulators. This token is part of a wave of emerging crypto presales that are potentially primed for significant growth.

The Trump administration could mark the beginning of a crypto-friendly era. Recent initiatives, like the proposal to establish a national crypto reserve for the US, demonstrate a growing interest in cryptocurrency at the highest levels.

Trump Family Ventures Into Cryptocurrency

In a surprising move just before his inauguration, President-elect Donald Trump unveiled a meme coin, $TRUMP, on the Solana blockchain. The coin quickly reached a market cap of over $9B after its unexpected launch.

Following suit, First Lady-elect Melania Trump introduced her own meme coin, $MELANIA, which also generated significant interest, briefly surpassing $TRUMP in market cap within hours before stabilizing.

Whether to invest in $TRUMP or $MELANIA depends on individual risk tolerance and preference for volatility. However, both tokens have made a significant impact in the market, underscoring the Trump administration’s pro-crypto stance.

With XRP and $TRUMP gaining momentum, and $BEST positioned for growth, 2025 is shaping up to be a remarkable year for the cryptocurrency landscape.

The post Promising Low Cap Coin Raises $7.6M with XRP on the Rise and Market Anticipates Bull Run appeared first on Crypto Breaking News.

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Filed under: News - @ January 20, 2025 3:22 pm