XRP Soars 18% on Improved Crypto Policy Sentiment and Whale Accumulation
XRP has seen a significant surge in price over the past 24 hours, rising approximately 18% to trade near $1.31 as of press time.
This rally reflects improving U.S. crypto policy sentiment, stronger market liquidity, whale accumulation, and a broader short squeeze across digital assets.
One of the biggest catalysts for XRP's rise was regulatory and political developments, including President Donald Trump's urging of Congress to move forward with crypto legislation that would provide greater clarity on whether digital assets should be regulated as securities or commodities.
Ripple CEO Brad Garlinghouse participated in discussions at the White House, which reinforced the perception of growing political support for digital assets and benefited the sentiment surrounding XRP and Ripple specifically.