XRP investors buoyed by Donald Trump’s Ripple posts and SEC’s ETF acknowledgment

The XRP assemblage is buzzing aft US President Donald Trump shared Ripple-related contented connected the societal media level Truth Social.

This comes astatine a clip erstwhile organization involvement successful the integer plus is rising, particularly with the US Securities and Exchange Commission (SEC) formally acknowledging much applications for a spot XRP exchange-traded money (ETF).

Trump’s Ripple posts spark speculations

On Feb. 18, Trump shared 2 XRP-related articles connected Truth Social, which praised the President and ignited discussions crossed the crypto space.

The articles highlighted comments from Ripple CEO Brad Garlinghouse, who noted increased hiring and concern opportunities successful the US pursuing Trump’s predetermination triumph successful November.

On societal media level X, XRP assemblage members rapidly interpreted Trump’s posts arsenic a bullish signal. Many speculated that the integer plus could play a cardinal relation successful aboriginal US crypto policies, with immoderate adjacent suggesting that the station indicated that the asset’s ineligible occupation mightiness beryllium ending.

Since Trump’s electoral win, XRP has been among the crypto market’s standout performers. Many traders and analysts judge his medication could bring much-needed regulatory clarity, perchance fostering greater adoption and organization concern successful the space.

SEC acknowledges XRP ETF

Adding to the excitement, the SEC formally acknowledged 2 much spot XRP ETF applications from Cboe BZX Exchange, which aims to database and commercialized ETFs from 21Shares and Bitwise.

Bloomberg ETF expert James Seyffart described the SEC’s acknowledgment arsenic expected.

However, helium antecedently estimated a 65% accidental of an XRP ETF support this year, noting that Ripple’s ineligible conflict with the SEC remains a important hurdle.

While Ripple secured a partial triumph regarding XRP’s classification, the ongoing appeal creates uncertainty. However, caller developments suggest the regulator mightiness determination to pause its suit similar it did for its lawsuit against Binance.

Meanwhile, crypto bettors person expanding assurance successful the SEC’s support of this fiscal product. Data from Polymarket indicates a 78% probability that an XRP ETF volition beryllium approved by 2025, reflecting beardown capitalist sentiment toward the asset’s future.

The station XRP investors buoyed by Donald Trump’s Ripple posts and SEC’s ETF acknowledgment appeared archetypal connected CryptoSlate.