Ripple Labs has seen its total XRP holdings soar as high as $125 billion in weeks following Donald Trump’s re-election.
Ripple Labs’ financial outlook has undergone an impressive transformation since the U.S. election day per its XRP bag. The company’s holdings of XRP gained $125 billion in value during the period. This sharp increase highlights how U.S. crypto firms, particularly Ripple, have benefited significantly from Donald Trump’s re-election.
The timing of this surge has also revealed why the industry has rallied so strongly behind the president-elect’s administration.
The Ripple Effect: A Surge in XRP Value
Ripple, the blockchain company behind XRP, currently holds around 4.44 billion XRP in liquid assets and controls nearly 39 billion XRP in escrow. XRP was initially launched in 2012, and just before the 2024 presidential election, the token was valued at $0.50.
Since Trump’s victory, however, XRP has witnessed a notable price rise, recently coming close to its all-time high (ATH) of $3.40. As a result, Ripple’s stash of XRP is now valued at a staggering $146.48 billion, up from $21 billion in November.
At the time of writing, the asset was trading at hitting $3.28, surged by 2.06% in a single day as per CoinMarketCap data. Top market analytics recently revealed that the token faces an important challenge that could increase its price or cause it to drop sharply.
The expert’s in-depth analysis suggests that XRP must rise above $4 and stay on weekly charts before March 10, 2025, to keep growing.
During the 2024 election, Ripple led a $300 million super PAC campaign alongside major players like Coinbase and Andreessen Horowitz. This was aimed at securing pro-crypto candidates.
Their effort to reshape Washington’s stance on crypto assets paid off, as nearly every supported candidate emerged victorious in November. With the incoming administration showing more support for crypto, the industry seems ready for a fresh start.
Ripple’s Investment in Trump’s Inauguration Fund
As President-elect Donald Trump prepares to take office on January 20, the crypto community is eager to see how his administration will affect the industry. Trump has already hinted at his support for crypto.
He has nominated promising executive candidates that could reshape U.S. policy toward digital currencies.
Ripple, in particular, has thrown its weight behind the incoming president. The technology company donated $5 million to Trump’s inauguration fund, making it the biggest donation from any crypto firm.
While $5 million may seem small in political funding, it shows Ripple’s strong support for Trump’s pro-crypto stance. This backing could greatly impact the future of digital currencies in the U.S.
Ripple’s rise in value is not just about market gains. It is also about a new political partnership that could drive crypto into a period of huge growth.
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