Prediction: XRP will rise over the next four years. Here’s one reason.

XRP (XRP 1.15%) Cryptocurrencies have been on a huge winning streak recently. As of this writing, the price of the token has increased by 268% over the past year. Even with cryptocurrencies’ strong rally, this is an impressive performance.

XRP’s incredible performance over the past year was really driven by the recent surge in valuation it saw following Donald Trump’s presidential election victory. While the cryptocurrency has already seen impressive gains in conjunction with the shifting political winds, its rally in the wake of related catalysts may have just begun.

XRP is on the verge of unprecedented circumstances

So far, it appears that the new Trump administration will provide an unprecedented level of support to the cryptocurrency industry. Along these lines, the president-elect has already appointed David Sachs as the AI ​​and cryptocurrency lead in his administration. Sachs has widely called for looser regulations in the cryptocurrency space and is seen as a bullish supporter of the cryptocurrency market.

In conjunction with the change in administration, the Securities and Exchange Commission (second) Chairman Gary Gensler will step down from his position. Trump appointed former SEC Commissioner Paul Atkins As his choice to succeed Gensler, this could be a very bullish move for XRP. Not only is Atkins seen as a supporter of the cryptocurrency industry in general, but there appears to be a good chance that the SEC’s legal case against Ripple for allegedly treating XRP as a security will be dropped.

With a market capitalization of approximately $138 billion as of this writing, XRP is now the fourth largest cryptocurrency by market cap and trails only Bitcoin and Ethereum. In the cryptocurrency space, brand strength is very important – and a successful valuation often leads to further success.

If the SEC case against Ripple and its cryptocurrency XRP is finally resolved, the token could still have a lot of upside in the future. With regulatory risks and uncertainty potentially removed, Ripple (XRP) could rise over the next four years of the new Trump administration.