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XRP investors buoyed by Donald Trump’s Ripple posts and SEC’s ETF acknowledgment
The XRP community is buzzing after US President Donald Trump shared Ripple-related content on the social media platform Truth Social.
This comes at a time when institutional interest in the digital asset is rising, especially with the US Securities and Exchange Commission (SEC) formally acknowledging more applications for a spot XRP exchange-traded fund (ETF).
Trump’s Ripple posts spark speculations
On Feb. 18, Trump shared two XRP-related articles on Truth Social, which praised the President and ignited discussions across the crypto space.
The articles highlighted comments from Ripple CEO Brad Garlinghouse, who noted increased hiring and business opportunities in the US following Trump’s election victory in November.
On social media platform X, XRP community members quickly interpreted Trump’s posts as a bullish signal. Many speculated that the digital asset could play a key role in future US crypto policies, with some even suggesting that the post indicated that the asset’s legal trouble might be ending.
Since Trump’s electoral win, XRP has been among the crypto market’s standout performers. Many traders and analysts believe his administration could bring much-needed regulatory clarity, potentially fostering greater adoption and institutional investment in the space.
SEC acknowledges XRP ETF
Adding to the excitement, the SEC formally acknowledged two more spot XRP ETF applications from Cboe BZX Exchange, which aims to list and trade ETFs from 21Shares and Bitwise.
Bloomberg ETF analyst James Seyffart described the SEC’s acknowledgment as expected.
However, he previously estimated a 65% chance of an XRP ETF approval this year, noting that Ripple’s legal battle with the SEC remains a significant hurdle.
While Ripple secured a partial victory regarding XRP’s classification, the ongoing appeal creates uncertainty. However, recent developments suggest the regulator might move to pause its lawsuit like it did for its case against Binance.
Meanwhile, crypto bettors have increasing confidence in the SEC’s approval of this financial product. Data from Polymarket indicates a 78% probability that an XRP ETF will be approved by 2025, reflecting strong investor sentiment toward the asset’s future.
The post XRP investors buoyed by Donald Trump’s Ripple posts and SEC’s ETF acknowledgment appeared first on CryptoSlate.
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