XRP Surges 200% in 2024: ETF Approval and Trump's Victory Drive Growth

BigGo Editorial Team
XRP Surges 200% in 2024: ETF Approval and Trump's Victory Drive Growth

The cryptocurrency market has witnessed remarkable growth in early 2025, with XRP emerging as a standout performer. As the third-largest cryptocurrency by market capitalization, XRP's trajectory has been influenced by significant regulatory developments and political shifts, marking a new chapter in digital currency evolution.

Market Performance and Political Impact

XRP has demonstrated exceptional growth, climbing from USD $0.52 in November 2024 to USD $2.46 currently, representing a nearly 200% increase. This surge has positioned XRP as the third-largest cryptocurrency globally, with a market capitalization of approximately USD $141 billion. The cryptocurrency's impressive performance coincides with Donald Trump's presidential victory, which has fostered optimistic sentiment regarding digital currency regulations.

XRP's significant market performance is reflected through positive advancements and public interest, as showcased by this interview image featuring the XRP logo
XRP's significant market performance is reflected through positive advancements and public interest, as showcased by this interview image featuring the XRP logo

ETF Prospects and Regulatory Environment

The cryptocurrency's future looks particularly promising with the potential approval of XRP ETFs. Current data from Polymarket indicates a 70% probability of ETF approval in 2025. Four major financial institutions - 21Shares, Bitwise, Canary Capital, and WisdomTree - have submitted applications for XRP ETFs. The anticipated appointment of Paul Atkins as SEC chair under the Trump administration has further boosted confidence in favorable regulatory outcomes.

Technical Infrastructure and Business Development

Ripple's core business continues to evolve, with the successful launch of the RLUSD stablecoin, fully backed by USD and government securities. The platform's focus on facilitating fast, low-cost international money transfers positions it uniquely in the digital payment ecosystem. The resolution of legal challenges with the SEC has cleared significant hurdles, potentially paving the way for expanded partnerships and network adoption.

Ripple's innovative approach in developing financial solutions like the RLUSD stablecoin is indicative of its forward-thinking strategy in the digital currency ecosystem
Ripple's innovative approach in developing financial solutions like the RLUSD stablecoin is indicative of its forward-thinking strategy in the digital currency ecosystem

Market Performance Analysis

Historical performance data reveals XRP's volatile but potentially rewarding nature. The cryptocurrency delivered returns of 278% in 2021, followed by a 59% decline in 2022, then rebounded with 81% growth in 2023, and achieved a remarkable 233% gain in 2024. This performance pattern, while volatile, demonstrates XRP's resilience and potential for substantial returns in favorable market conditions.