Why did the XRP price increase after the American elections: a report explains

A Recently published report in American bankruptcy law magazine By legal researcher Jessica J. McCaini It reveals a strong link between Explosive prices from XRP And the conversation Political transformation in the United Statesthe next Donald Trump’s victory over Kamala Harris In the presidential elections 2024.

Let’s dismantle the main visions of the report.

The report highlights that Trump Policy -friendly policy proposals Play an important role in XRP’s 443 % Rally between November 5 and December 2, 2024When the price jumped from 0.50 dollars to $ 2.72.

by Mid -January 2025It did not touch xrp The highest level in 7 years reached $ 3.40It reflects the increasing investor’s confidence after Trump’s promise B:

• Innovation support In the encryption sector
• Create clearer regulations
  
• Reducing government interference In digital assets

On the other hand, Kamal Harris’s position was less definition, which led to uncertainty in the market before the election results.

Ripple Battle is strengthened after changing driving in SEC

The report, which is one of the most important factors behind the climb of XRP. SEC Gary Ginser with Paul Q. AtkinsIt is a step that is widely seen as favorable to the encryption industry.

ripple Long -term legal dispute With SEC under Gensler has threw a shadow on XRP for years. the New leadership It brought renewed hope for the solution and organizational clarity, which led A cluster gathering In the market.

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Bitcoin and Ethereum also benefit from the political transformation

While XRP was the largest of the winners, Bitcoin and ethereum He also published noticeable gains in November 2024:

• Bitcoin (BTC) rose 37.4 %Ultimately hit 100 thousand dollars
  
• ETHEREUM (ETH) Rise 47.4 % During the same period

The report praises Ethereum move to prove the ascension For low energy use, while also criticizes Central Mining Practices for Bitcoin and Environmental Impact.

XRP and Trump’s effect: a turning point for encryption?

The report concludes this Trump’s organizational positionalong with SEC modificationCreated a Coated environment For XRP to flourish. With policy directions clearer and reduced legal risks, XRP attracted great attention to the investor. With the development of the American organizational scene, the performance of XRP A may become A case study on how to restore policy from reshaping the encryption markets.