As the year comes to a close, XRP is showing signs of recovery after a bearish trend. Reports about Donald Trump's fund purchasing XRP have stirred interest in the market.
Current State of the XRP Market
XRP is currently trading at $2.30, up over 16% in the last 24 hours. Despite a slight decrease in the past week, the token is experiencing a modest recovery. Meanwhile, Bitcoin (BTC) is hovering around $99,000, fueling market optimism.
Donald Trump's Crypto Investments
Mark Yusko, founder of Morgan Creek Capital Management, recently highlighted Donald Trump's alleged involvement in cryptocurrency investments. Yusko claimed that Trump and his son Eric have been actively acquiring digital assets, including XRP. According to Yusko, such investments could play a significant role in ETF approval for these cryptocurrencies.
XRP Forecasts and Market Expectations
Analysis from crypto analyst Ali Martinez indicates that whales have purchased 80 million XRP since the price correction began on December 17. A recent post on a social network compared XRP's price trends in 2017 and 2024, suggesting potential to reach the $8–$13 range, sparking interest among XRP holders.
Support from influential figures like Donald Trump for cryptocurrencies could positively influence the price trends of XRP and boost investor confidence.
