The Latest Breaking News from XRP

$XRP and $SOL jumped Thursday night after a report went viral regarding Donald Trump supposedly weighing the possibility of a digital asset reserve that prioritizes altcoins issued by companies based in America.

The banking giant projects each ETP could bring in $3 billion to $8 billion in investment.

Donald Trump's election was widely embraced by the crypto space, and one of the apparent beneficiaries of the President-elect's upcoming re-entry into the White House is Ripple, which overcame a four-year legal struggle with the SEC and is now ready to make crypto great again in its home turf.

$RLUSD has stabilized at $1, seemingly affecting $XRP prices positively as the altcoin surged 15% in the last 24 hours – some crypto users believe the uptick may be related to FUD (fear, uncertainty and doubt) around $USDT's fate in the European Union.

$XRP was definitely one of the most-followed altcoins this year as it grappled with the SEC and weathered four years of legal woes only to climb to the same prices when it used to challenge Bitcoin in the market cap race.

Altcoins were the biggest story of 2024 even with Bitcoin getting ETFs approved and hitting a new all-time high above $108,000 as some alternative cryptocurrencies eclipsed $BTC's year-to-date performance even with several market downturns.

Cryptocurrency prices may be recovering, as some altcoins are making significant moves despite the broader market downturn, including $HBAR, $SUI, and $XRP.

Analysts predict “a wave of cryptocurrency ETFs” under incoming SEC chair Paul Atkins.

ETF experts at Bloomberg believe new crypto ETFs will be approved in 2025, but it may be bad news for those waiting for $SOL and $XRP ETFs.