The post XRP News Today: Ripple CEO Confirms Meeting with Donald Trump Amid SEC Battle appeared first on Coinpedia Fintech News
Ripple is the cryptocurrency organisation which has suffered the most during the Biden administration. It recently entered into a fierce legal battle against the US Securities and Exchange Commission, challenging the regulator’s decision to appeal a US court judgement supporting the company’s argument that XRP is not a security.
Interestingly, ending speculation regarding a high-level meeting between Donald Trump and Brad Garlinghouse, a recent post on X by Good Morning Crypto reveals that Ripple CEO Brad Garlinghouse confirmed his meeting with Donald Trump during his latest conversation with a prominent media house. The revelation has triggered discussions among cryptocurrency enthusiasts, with some showing disbelief and others expressing excitement. Here is what you should know about the significant development.
Ripple CEO’s Meeting with US President-elect
The post asserts that Garlinghouse confirmed his meeting with Donald Trump during his latest media conversation. However, it provides no hint about when and where the meeting took place, whether there were any other participants, and what they discussed. Instead, the post calls for crypto enthusiasts to comment on what, they believe, were the key topics discussed during the meeting.
JUST IN:
DONALD TRUMP & RIPPLE CEO MEETING CONFIRMED ON FOX BUSINESS!
"$XRP is one of the best performance off the news that @bgarlinghouse met with President Donald Trump."
What do you believe Ripple CEO discussed with Donald Trump during their White House meeting?
… pic.twitter.com/T81BrPQUji
— Good Morning Crypto (@AbsGMCrypto) November 15, 2024
Crypto Community Reactions
Some, like crypto enthusiast Craig Hoqf, opine that Ripple primarily addressed the challenges it faced from the US SEC during the Biden administration. The possibility for such a discussion is high considering Ripple is currently fighting a contentious legal battle against the US regulator.
Highlighting the potential of XRP to help the country overcome its national debt crisis, many enthusiasts, like Kapetas95, note that the Ripple CEO’s discussion with the US President-elect mainly centered on how XRP could support the country’s economy.
Some crypto enthusiasts, like Rise.X.Against, suggest the possibility of Trump creating a XRP national reserve, similar to his Bitcoin reserve plan.
They looking at how to integrate XRP into the new financial system, how the US Govnt can potentially hold a reserve of XRP, similar to Bitcoin, as Ripple has ties to all the major markets around the world. Etc etc etc etc .
— Rise.X.Against (@gknot1010) November 15, 2024
However, many, like crypto enthusiast Spiritual X, question the authenticity of the revelation made by Good Morning Crypto.
XRP’s Future Potential
Many crypto experts, like Julio, express confidence in the future growth of XRP. Julio predicts that the XRP market could reach $10 in the future.
In the last seven days, the XRP market has seen a surge of 76.8%. Notably, in the last 24 hours alone, it has experienced an impressive rise of 20.5% – significantly higher than BTC’s 4.3%, ETH’s 2.5%, SOL’s 6.3% and BNB’s 1.6%.
On November 5, the price of XRP was around $0.5053. Since then, it has climbed by approximately 94.25%.
In conclusion, while the alleged meeting remains unconfirmed, speculation has reignited debates about XRP’s role in the US economy and crypto regulation.
XRP is expected to range between $0.512 and $0.792 in 2024, with an average price around $1.07
XRP is currently priced at $0.953, and reaching $1,000 would require an enormous increase. However, developments in the XRP ecosystem could drive significant price growth in the future
XRP is pumping due to favorable regulatory changes in the U.S., investor optimism, and growing interest in XRP futures, which have contributed to its recent 17% surge.
#News #RippleVsSEC [Source: Coinpedia]