XRP, the cryptocurrency associated with the Ripple network, has made headlines recently with an incredible rally, soaring past the $0.8 mark and gaining 15.3% in a single day. This surge has revived memories of XRP’s remarkable performance during Donald Trump’s first term as U.S. President, and many investors are now speculating that the return of Trump to office could trigger another round of explosive gains for XRP.

XRP Achieves Major Milestones

Despite a market-wide downturn, XRP has shown resilience. It is currently the best-performing asset among the top 100 cryptocurrencies by market cap. After initially lagging behind following the re-election of Donald Trump, which some attributed to his supportive stance on crypto, XRP has now rebounded, reclaiming its position as the seventh-largest cryptocurrency. It surpassed USDC, the dollar-pegged stablecoin, and reached a two-year high of $0.8452.

This renewed optimism surrounding XRP is largely driven by speculation that Ripple’s legal battle with the U.S. Securities and Exchange Commission (SEC) could finally reach a resolution under a second Trump administration. Ripple CEO Brad Garlinghouse hinted at positive developments after a meeting with Trump’s advisory team post-election, further fueling hopes that the SEC lawsuit could soon be concluded.

XRP’s Rally Under Trump’s First Term

During Trump’s first term from January 2016 to January 2021, XRP experienced one of its most significant price rallies. On January 4, 2018, XRP hit an all-time high (ATH) of $3.84, a level it has not been able to surpass since. At the time, the broader cryptocurrency market was in a massive bull run, and XRP was one of the standout performers. Its gains were in part driven by its growing utility in cross-border payments and its rising adoption by financial institutions.

However, just as the Trump administration was drawing to a close, the SEC filed a lawsuit against Ripple in December 2020, alleging that the company had sold unregistered securities by offering XRP. The lawsuit sent XRP’s price plummeting, and the cryptocurrency missed out on the subsequent 2021 bull run, where assets like Ethereum (ETH) saw new all-time highs.

Now, with Trump’s re-election bid gaining traction, some analysts believe that a resolution of the SEC lawsuit under Trump’s leadership could open the floodgates for XRP’s next major rally.

XRP’s Current Momentum and Future Outlook

In the present cycle, XRP is already showing significant bullish momentum. As of today, XRP is trading at $0.8230, up by 15.3% in the last 24 hours and a staggering 45% over the past week. Its trading volume has exploded, rising by over 73% to $11.06 billion, signaling growing investor confidence. XRP’s market cap has surged to $45.57 billion, reclaiming its position among the top ten cryptocurrencies.

Several factors are driving this renewed interest in XRP. First, there is growing speculation that Ripple’s ongoing legal battle with the SEC could soon come to a close, potentially opening the door for XRP to regain lost ground and outperform other cryptocurrencies. If Ripple is cleared of any wrongdoing, XRP could see significant institutional investment, which would be a major catalyst for its price.

Second, XRP’s utility as a fast and cost-effective payment solution continues to grow. Ripple has focused on partnerships with major financial institutions, positioning XRP as a key player in the cross-border payments space. As the world’s demand for seamless, low-cost international transactions increases, XRP could benefit from this growing use case.

Finally, the potential for an XRP exchange-traded fund (ETF) in the future could serve as another key growth driver. With ETFs gaining popularity as a way for investors to gain exposure to digital assets, a well-regulated XRP ETF could attract a new wave of institutional and retail investors.

XRP’s Potential for the Future

XRP’s future appears bright, particularly if Donald Trump returns to office and addresses the regulatory hurdles that have held back Ripple’s growth. The ongoing SEC lawsuit has been a significant cloud over XRP’s price action, but with the possibility of a resolution in the coming months, many believe the cryptocurrency could see its price soar once again.

In the meantime, XRP is positioned for continued short-term growth, and its recent price surge shows that the cryptocurrency market still has an appetite for risk and reward. If XRP can maintain its momentum, we could see it challenge previous highs and potentially set new all-time records.

As we approach 2025, XRP investors are hopeful that the next crypto bull cycle could be the one that finally breaks the $3.84 ATH and establishes XRP as a dominant player in the market once again.

Conclusion

XRP’s resurgence has captured the attention of the crypto community, and its strong performance under Trump’s first term has led many to believe that the upcoming presidential cycle could be the catalyst for even greater gains. With growing technical strength, rising adoption, and a potential resolution to the SEC lawsuit, XRP looks primed for another bullish phase. As the cryptocurrency market continues to evolve, XRP’s path forward remains one of the most closely watched in the industry.