- XRP has maintained a strong market position since Trump’s re-election, briefly reaching third place by market cap before settling into fourth position.
- Ripple CEO Brad Garlinghouse and CLO Stuart Alderoty’s dinner with President-elect Trump at Mar-a-Lago coincided with a 2.7% price increase.
- Sound Planning Group CEO David Stryzewski predicts XRP will become the primary financial system infrastructure over Bitcoin, citing Bank of America’s alleged extensive use of Ripple technology.
XRP has been one of the top performers since Donald Trump was re-elected back into the White House in early November 2024, going up in price by over 300% since.
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The cryptocurrency, previously restrained by legal issues over its alleged status as a security, ranked third in market cap, trailing Tether’s USDT, but has since slipped to the fourth spot.
The past 24 hours have seen a modest 2.7% rise after a notable dinner between Ripple’s CEO, Brad Garlinghouse, and President-elect Donald Trump.
Ripple Legal Chief and CEO Attend Mar-a-Lago Dinner
In a post to social platform X, the CEO posted a picture of himself with Trump and Ripple’s Chief Legal Officer, Stuart Alderoty.
Not much is known about what was discussed at the dinner, but Garlinghouse had made some other remarks related to crypto under Trump days earlier.
Although the CEO declined to say if he has any involvement with Trump’s crypto council, he told Decrypt that he had been in contact with the Trump transition team and was in the know about the forthcoming crypto-agenda.
I feel really good and, frankly, very excited about what I have learned about those plans.
Brad Garlinghouse, Ripple CEOXRP, Not Bitcoin to Benefit Most from Trump, Says CEO of Sound Planning Group
In a bullish turn of events, Fox Business recently interviewed David Stryzewski, CEO of Sound Planning Group. Stryzewski said Trump’s pro-crypto presidency is the “ChaptGPT-moment for crypto”, taking the industry a step forward.
Related: Ripple Integrates Chainlink Standard for Secure Pricing Data on New RLUSD Stablecoin
He also believes that it won’t be Bitcoin but XRP, which will benefit tremendously, saying:
Ripple/XRP is going to be probably the highway that most of the financial systems are going to be driving on in the future. It will not be Bitcoin.
David Stryzewski, CEO of Sound Planning GroupOn Liz Claman’s Fox Business show ‘The Claman Countdown’, the CEO also disclosed that Bank of America uses Ripple for “100% of its internal transactions” and holds “83 different patents tied to it”.
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