XRP Outshines Market Amid Ripple’s High-Profile Dinner With Trump
Ripple’s XRP token defied the broader crypto market slump on Wednesday, rising over 2%, while most major cryptocurrencies posted significant losses. The rally followed Ripple CEO Brad Garlinghouse and Chief Legal Officer Stuart Alderoty’s dinner with President-elect Donald Trump, sparking speculation about XRP’s future in the new administration’s financial agenda.
“Productive dinner last night … A promising start to 2025,” Garlinghouse wrote on X, sharing a photo alongside Alderoty and Trump.
XRP’s performance has been stellar since Trump’s November election victory, with the token surging over 300%—far outpacing competitors like bitcoin and dogecoin (DOGE). Bitcoin is down 2.5% over the past 24 hours, and the CoinDesk 20 Index saw similar declines, underscoring XRP’s standout position. DOGE, another election-related winner, has only doubled in the same period.
Analysts attribute XRP’s strength to Ripple’s growing alignment with U.S. policy discussions and its strategic initiatives. “Ripple’s leadership engaging directly with the incoming administration sends a strong signal of its influence and potential role in shaping future financial frameworks,” said Aurelie Barthere, a principal research analyst at Nansen.
Ripple’s recently approved RLUSD stablecoin and talks of a potential XRP-based ETF have added to the bullish sentiment. RLUSD, which launched in December, was listed on Bitstamp earlier this week, broadening its accessibility. Ripple President Monica Long has also hinted that an XRP ETF could debut this year, positioning the token alongside bitcoin and ether in institutional offerings.
Zahreddine Touag, Head of Trading at Woorton, noted an uptick in XRP demand. “Retail brokers and crypto-native funds have been actively buying XRP, likely in response to Ripple’s positive developments and speculation about policy shifts under Trump,” Touag explained.
As XRP continues to capitalize on Ripple’s strategic moves and its leadership’s political connections, it remains a bright spot in an otherwise bearish crypto market.