Have US Cryptocurrency Reserve Rumors Spurred XRP Prices?

Ripple’s XRP has grown by a staggering 8.9%, almost outperforming All top ten currencies. Experts believe that rumors about the possible inclusion of XRP in… US crypto reserve They contributed to this great rise.

But that’s not all, Ripple’s political interference and the sudden development in the US election campaign added fuel to the fire. So, what’s the real reason behind XRP’s recent performance?

Trump’s allegations against Ripple

Modern Report from Axios It reveals that the US President-elect Donald Trump Donald Trump Donald Trump is a former American president, politician, businessman, and media personality, who served as the forty-fifth President of the United States between 2017 and 2021. Trump earned a Bachelor of Science in economics from the University of Pennsylvania in 1968. Trump won the 2016 presidential election. The Republican Party nominee was elected against the Democratic Party nominee Hillary Clinton while losing the popular vote. As president, Trump ordered a travel ban on citizens from several Muslim-majority countries, diverted military funding toward building a wall on the US-Mexico border, and implemented a family separation policy. Trump remains a prominent figure in the Republican Party and is considered a potential candidate for the 2024 presidential elections president He is not satisfied with Ripple’s actions during his election campaign. Although the report does not directly name Ripple, it does mention that Trump expressed dissatisfaction with the financial support Ripple provided to Kamala Harris’ team.

Co-founder of Ripple Chris Larsen Chris Larsen Chris Larsen is an American CEO and angel investor, best known for co-founding several technology startups in Silicon Valley, including one based on peer-to-peer lending. In 1996, he co-founded the online mortgage lending site E-Loan. In September 2013, OpenCoin changed its name to Ripple Labs, Inc., with Larsen remaining as CEO. Details: Organization: RipplePayments Location: United States Education: Graduated from San Francisco State University with a degree in International Business and Accounting Skills: Development and project team management Experience: CEO at Ripple as of September 2012 – Current FAQs 1. When was Ripple founded ? In 2012, Larsen co-founded Ripple Labs. 2. What is Chris Larsen’s net worth? Chris Larsen’s net worth is $6 billion

Investorchief executive officer She donated at least $10 million to a political action committee supporting Democratic candidate Kamala Harris during the US presidential campaign.

Ripple and the cryptocurrency reserve debate

Speculation about the inclusion of XRP in the US cryptocurrency reserve began after a story in… New York Post. When asked if they were involved in spreading rumors about a possible XRP listing, Ripple denied any connection to the story.

Record high in XRP prices

The price of XRP has seen a significant increase, rising by 32.48% in the past five days. At the beginning of this month, the price was $2.0841. Since then, it has jumped 59.17%, reaching a seven-year high of $3.40. Currently, the price of XRP is $3.3204.

Experts believe that individual investors and large whale transactions played a major role in this price rise. Reports indicate that the number of daily active wallets containing XRP has increased from 10,000 to 100,000 in the past year. In addition, liquidity in the XRPL DEX has quadrupled, indicating increased market activity.

These events illustrate how political factors can influence the dynamics of the cryptocurrency market.