Pundit Predicts Ripple’s XRP Explosion to $7, says Donald Trump will “Send us to Valhalla” ⋆ ZyCrypto
The post Pundit Predicts Ripple’s XRP Explosion to $7, says Donald Trump will “Send us to Valhalla” ⋆ ZyCrypto appeared on BitcoinEthereumNews.com.
Advertisement     XRP traded strongly on Monday ahead of President Trump’s inauguration, wiping away all losses experienced on Sunday and extending last week’s gains. Notably, this surge coincided with a report earlier in the day by crypto analyst Ali Martinez, who highlighted a significant buying spree by whales. According to data from Santiment, over 100 million XRP were purchased in just the past 48 hours, signaling strong institutional and investor interest. The surge also aligned with growing optimism in the cryptocurrency sector, fueled by speculation that the new administration could embrace a pro-crypto agenda. Hours before his swearing-in, Trump issued a statement promising a wave of executive orders to reshape U.S. policy. Rumors abound that President Trump may sign an executive order supporting digital assets on his first day in office, amplifying bullish sentiment. According to Polymarket, there is a 54% probability that Trump will establish a national Bitcoin reserve within 100 days of taking office. The move, if realized, could be a game-changer for the cryptocurrency market, with assets like XRP expected to see double-digit gains. Advertisement   Beyond the inauguration, other key factors are adding to XRP’s bullish outlook. Last Thursday, Bloomberg ETF analyst James Seyffart stated that it’s a matter of “when” rather than “if” the U.S. Securities and Exchange Commission (SEC) approves ETFs for Solana and XRP. This perspective further solidifies market confidence, especially as regulatory clarity around XRP continues to improve. Meanwhile, on the same day, Grayscale announced that its XRP Trust is now open to qualified investors, underscoring institutional interest in the cryptocurrency. Furthermore, XRP’s underlying technology, the XRP Ledger, continues to be celebrated for enabling efficient cross-border payments, which remains a cornerstone of its value proposition. Elsewhere, some analysts suggest that the growing influence of Trump’s $8 billion TRUMP meme coin could…
Filed under: News - @ January 20, 2025 11:23 pm