XRP’s Remarkable Growth and Resilience Since Trump’s Presidency
Since Donald Trump took office, XRP has demonstrated significant growth and resilience in the volatile cryptocurrency market. Peaking at $3.39 during his tenure, XRP notched annual gains exceeding 300%, showcasing its enduring appeal. Even amid the current market downturn, an early $4,000 investment in XRP at the start of Trump’s presidency would have yielded substantial returns. This article explores XRP’s performance and its standout position in the rapidly evolving crypto landscape.
XRP Returns Since Trump Took Office
The cryptocurrency market surged following Donald Trump’s inauguration, with XRP peaking at $3.39 during his tenure. Over the ensuing years, the sector weathered volatility, yet XRP emerged as a standout, notching annual gains exceeding 300%. Even amid the current market downturn, an early $4,000 investment in XRP at the start of Trump’s presidency would have delivered substantial returns. The token’s resilience highlights its enduring appeal in a rapidly evolving digital asset landscape.
Teucrium CEO Highlights XRP’s Utility
In a recent Bloomberg Crypto interview, Sal Gilbertie, CEO of Teucrium Trading, lauded XRP as the cryptocurrency with the most practical utility in the market. Gilbertie highlighted the Ripple team’s professionalism and dedication, underscoring XRP’s distinct advantage over other digital assets. Unlike Bitcoin, which primarily serves as a store of value, XRP boasts a tangible use case that sets it apart. "The Ripple team has put in the work," Gilbertie noted, emphasizing the asset’s real-world applications. His comments reflect growing institutional recognition of XRP’s role in bridging traditional finance and blockchain innovation. The endorsement comes amid increasing scrutiny of cryptocurrencies that lack clear utility beyond speculation.
XRP Ledger Security Breach Highlights Need for Secure Crypto Storage
The XRP Ledger, one of the oldest blockchains used by thousands of programs globally, discovered a serious security breach in its JavaScript library. Over 6 million accounts exist on the XRP Ledger, which has grown 24% since January 2024. Cybersecurity firm Aikido uncovered a critical backdoor in an NPM package tied to the XRPL ecosystem, designed to steal private keys. The anonymous attacker inserted the infected JavaScript package on April 21st. This sophisticated attack underscores the importance of secure crypto storage solutions like Best Wallet.
Hacker Thwarted in Attempted XRP Ledger Attack
A hacker hijacked a developer’s access token to infiltrate a critical toolkit used by applications on the XRP Ledger, nearly triggering a devastating supply chain attack. The breach, uncovered by Aikido Security researcher Charlie Eriksen, involved the compromise of a Node Package Manager (NPM) token, which the attacker used to distribute malicious versions of xrpl.js—the official JavaScript library for XRP Ledger interactions. With more than 140,000 weekly downloads, the library’s widespread adoption could have amplified the attack’s impact exponentially. The security team intervened swiftly, neutralizing the threat before substantial harm occurred. The incident underscores the fragility of open-source ecosystems and the escalating risks posed by credential theft in decentralized finance.
XRP Recovery Analysis: Approaching Key Resistance Levels
XRP is showing renewed strength after bouncing from the $2.00 support zone on the USDT pair, aligning with the 200-day moving average. A recent bullish engulfing candle confirms buyers re-entering the market. The price is approaching the $2.5 mid-range resistance area, a crucial level to break before targeting the $3 region. On the BTC pair, XRP is consolidating above the 200-day moving average NEAR the 2,100 SAT mark, with bearish momentum cooling down.
XRP Sees Biggest Fund Inflows; Ripple Primed for Breakout?
XRP has experienced significant gains, rising 9.5% in the past 24 hours to $2.30, fueled by positive news of a potential trade deal between the US and China. The altcoin has also seen the largest inflows into institutional crypto funds this week, according to CoinShares. With a 25% gain in the past fortnight and strengthening fundamentals, XRP is poised for potential major gains later in the year.
