Ripple Soars Past $3 as Trump’s Crypto-Friendly SEC Sparks Optimism and Meme Coin Rally

Ripple’s cryptocurrency XRP is trading above $3 for the first time since 2018 and is now attacking the previous all-time high of $3.40. The imminent change in course and personnel at the US Securities and Exchange Commission (SEC) is helping in this regard.

Ripple (XRP) is proving to be the altcoin of the hour in the first few weeks of the new year

Since Donald Trump’s election victory in early November 2024, XRP has been pumping almost non-stop and last night broke the $3 mark for the first time since 2018. With current prices of around $3.10 for Ripple, the previous all-time high of $3.40 for XRP seems within reach. It is a mix of good news that means tailwind for XRP:

With the inauguration of Trump on Monday (January 20th), the US Securities and Exchange Commission (SEC) will review and correct its stance on cryptocurrencies such as XRP. The Reuters news agency reports that the change of power in Washington will also create a majority in the SEC board for crypto-friendly policies. “Mama Crypto” Hester Peirce and Mark Uyeda are likely to call on the crypto industry and the public to get involved in finally establishing transparent and practical SEC rules for cryptocurrencies.

The current SEC head Gary Gensler is stepping down on January 20th. During his term in office, the SEC launched at least 83 actions against altcoins, crypto exchanges and other market participants, according to Reuters. The Ripple (XRP) case was particularly prominent in this context, with proceedings now lasting more than 4 years.

The future SEC head Paul Atkins still has to be confirmed by the Senate. The supervisory authority could then start to examine ongoing legal proceedings such as those against Ripple, according to Reuters. In the XRP camp, hopes are high that this will result in a positive conclusion for Ripple.

This also increases the opportunities for XRP ETFs (Paul Atkins), several applications have been submitted to the SEC. A forecast by JPMorgan is attracting a lot of attention on X : The major US bank expects between $4 and $8 billion in investment funds for XRP ETFs in the first year after their approval – this projection is an important piece of the puzzle in Ripple’s momentum.

Last but not least, as expected, the SEC filed court documents yesterday at the last minute to continue the appeal against Ripple brought under Gensler. Crypto lawyers like Jeremy Hogan consider the SEC’s arguments in the XRP case to be weak and expect an out-of-court settlement or a dismissal of the case anyway when the newly established SEC is in charge.

Conclusion: Ripple on to new shores – even XRP meme coins benefit

XRP is extremely strong overall and is preparing to open a new chapter in terms of price with record highs. Ripple meme coins, which previously received little attention, are suddenly also moving in this wake. XRP Army (ARMY), for example, set a new all-time high overnight, Phoenix (PHNIX) and LIHUA are reaching record-breaking trading volumes.

In competing ecosystems such as Ethereum (ETH) and Solana (SOL), meme coins have long been something of a icing on the cake – now Ripple is following suit. For XRP, the crypto year 2025 is starting positively across the board. Where Ripple’s journey leads will also be influenced by the crypto policy of the Trump presidency.

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(Featured image by vjkombajn via Pixabay)

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