XRP to $5? White House Nod Sparks Crypto Frenzy—Here’s What You Need to Know
Ripple’s XRP is back in the spotlight—this time with a political tailwind. A surprise White House recommendation has traders betting big on a $5 breakout. Could this finally be the moonshot XRP army’s been waiting for?
The Policy Pump
Insiders whisper the administration sees XRP’s institutional-friendly design as a bridge between crypto and legacy finance. Never mind that banks still treat it like radioactive waste—since when did politics care about irony?
Liquidity Tsunami Watch
If the rumor mill’s right, we’re looking at a perfect storm: regulatory clarity meets pent-up demand from sidelined whales. The last time XRP moved like this, SEC lawsuits rained on the parade. This time? The government might be holding the umbrella.
$5 or Bust
Technicals show a clean breakout above the 2021 ATH could trigger algorithmic buying sprees. Of course, in crypto-land, ‘could’ means ‘probably won’t but hedge funds will pretend it’s inevitable anyway.’ Place your bets—the house always wins.
Will XRP Hit $5 Following The White House’s Crypto Report?
In its recommendation report, the Working Group asked the SEC and CFTC to bring about changes and pass legislation through Congress to have more regulatory clarity in the US. The SEC Chair, Paul Atkins, further shared his commitment to making the US a global leader in the cryptocurrency revolution. XRP could greatly benefit from the US administration’s pro-crypto stance.
There are 11 spot XRP ETF applications awaiting approval at the SEC. Given his recent statement, there is a very high chance that Atkins will push for more crypto-based ETFs in the US. An ETF approval will likely lead to a surge in institutional inflows into XRP. The SEC’s approval of 11 spot Bitcoin ETFs in 2024 has led to a substantial rise in institutional interest in the asset. An XRP ETF could mirror Bitcoin’s (BTC) rise to multiple new highs over the last year. Hitting the $5 mark may just be a matter of time.
The crypto space has also seen a dramatic rise in stablecoin use. The stablecoin market is growing at an unprecedented rate and is expected to continue its upward trajectory. Ripple recently launched its dollar-pegged RLUSD stablecoin. An adoption surge of RLUSD could lead to more investors moving to XRP. As more people flock to the XRP Ledger, the asset could see a dramatic rise in value.
