Ripple CEO Brad Garlinghouse believes that the surge in XRP's value can be attributed to the pro-crypto policies enacted during Donald Trump's presidency.
The increase in value has coincided with Ripple's shift towards focusing more on the United States, with 75% of new hires being based there.
Garlinghouse is optimistic about the future of XRP, especially with the potential leadership change at the SEC, as it could lead to a resolution of Ripple's legal battles and unlock XRP's full potential.
The approval of Ripple's stablecoin, RLUSD, has also contributed to the positive momentum surrounding XRP.
Overall, the pro-crypto stance under Trump's administration has revitalized Ripple's operations and instilled hope for blockchain innovation in the United States.
The success of RLUSD reflects the broader trend of stablecoins gaining traction in the cryptocurrency space.
As the regulatory landscape evolves, there is significant potential for growth and innovation in the cryptocurrency ecosystem.