XRP Price Surge After Trump’s Election Victory: Report Reveals Key Drivers

A new report by legal scholar Jessica G. McKinlay sheds light on the significant surge in XRP prices following the 2024 U.S. presidential election. The report highlights a strong connection between Ripple’s flagship cryptocurrency and Donald Trump’s victory over Kamala Harris, with XRP rallying over 443% between November 5th and December 2nd, 2024, reaching a record high of $2.72. This surge was attributed to various factors including Trump’s crypto-friendly policy proposals and his promise to support innovation in the industry.