Trump Meeting Sparks 18.7% Surge in XRP Price

The price of XRP surged by 18.7% in one day after President Donald Trump's meeting with crypto executives and regulators at the White House on August 19.

This boost was part of a broader rally, with Bitcoin, Ethereum, and Solana all climbing by double digits.

The White House summit discussed new regulations for the crypto sector, despite the stalled Clarity Act, which has only a 26% chance of passing in 2026 according to prediction markets.

Ripple's CEO was present at the meeting, giving XRP holders some optimism about its potential benefits from future regulations tailored to financial institutions.

However, XRP's tokenomics are still a concern, as every transaction on the XRPL destroys only 0.00001 XRP, resulting in negligible fees and no meaningful scarcity of the coin.