17th January 2025 – (New York) Ripple’s total XRP holdings have surged in value by approximately $125 billion since election day, highlighting the massive gains for American crypto firms following Donald Trump’s re-election. This impressive increase in value offers insight into the strong support these companies have shown for the incoming administration.
According to Ripple’s latest financial disclosures, the company currently holds around 4.44 billion XRP in liquid assets, in addition to nearly 39 billion XRP held in escrow. Initially valued at $0.50 on the eve of the 2024 presidential election, XRP has now reached $3.38, just shy of its all-time high of $3.40. Consequently, Ripple’s total XRP holdings are now valued at around $146.48 billion, a substantial rise from approximately $21 billion in November.
This dramatic turnaround can be attributed in part to Ripple’s vigorous campaign alongside other leading crypto firms to reshape U.S. crypto policy during the election. Ripple, Coinbase, and Andreessen Horowitz spearheaded a $300 million effort to strengthen the industry’s influence in Washington. With nearly every pro-crypto candidate winning their election, the incoming government appears ready to adopt a more favourable stance towards cryptocurrency. Since the election, President-elect Trump has indicated he will support the crypto industry, with expectations of several pro-industry executive orders shortly after taking office on January 20.
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