Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Ripple’s US Focus Ramps Up as Trump Era Boosts Crypto Sentiment

Ripple’s US Focus Ramps Up as Trump Era Boosts Crypto Sentiment

CoinEditionCoinEdition2025/01/05 16:00
By:Maxwell Mutuma

Ripple’s US expansion highlights growing optimism in the crypto regulatory landscape. SEC appeal uncertainty looms, but a withdrawal could boost XRP market growth. XRP shows neutral bullish momentum, with potential for consolidation before breakout.

  • Ripple’s US expansion highlights growing optimism in the crypto regulatory landscape.
  • SEC appeal uncertainty looms, but a withdrawal could boost XRP market growth.
  • XRP shows neutral bullish momentum, with potential for consolidation before breakout.

Ripple is shifting its approach to the US market in 2025. The company’s growing optimism reflects changes in the US digital asset landscape, particularly with the incoming Trump administration.

Ripple CEO Brad Garlinghouse says the optimism surrounding crypto in the US is well-earned, especially given the SEC’s previous regulatory stance. Ripple’s recent decisions show a renewed focus on the US market, signaling a positive outlook for the crypto sector.

Read also: Ripple Signs More U.S. Deals in Six Weeks Than in Previous Six Months

Ripple’s US Expansion: A Sign of Renewed Confidence

Ripple’s expansion in the US is becoming clear. Garlinghouse reports that 75% of the company’s open roles are now based in the US. This marks a change, as Ripple has hired primarily outside the country in recent years.

This shift aligns with growing optimism about the regulatory environment. Ripple also signed more US-based deals in the last six weeks of 2024 than in the previous six months.

This activity coincides with the belief that the SEC will likely drop its appeal in the Ripple case, which could ease regulatory pressure.

The SEC Appeal and Market Growth

Uncertainty around the SEC’s appeal remains a challenge for XRP’s price . The SEC must file its opening brief by January 15, and market participants are watching closely.

While the agency plans to appeal the Programmatic Sales of XRP ruling, incoming SEC Chair Paul Atkins could reverse this decision.

A withdrawal of the appeal would set a legal precedent, potentially leading to the approval of a US-based XRP spot ETF market. This could trigger growth for XRP and the broader crypto market.

XRP Price Shows Cautious Optimism

Ripple’s US Focus Ramps Up as Trump Era Boosts Crypto Sentiment image 0 Ripple’s US Focus Ramps Up as Trump Era Boosts Crypto Sentiment image 1 XRP/USD daily price chart, Source: Trading view

XRP’s current market performance indicates a cautious optimism. At a price of $2.39 , XRP is experiencing a modest 0.45% gain in the last 24 hours. The RSI (Relative Strength Index) sits at 57.65, signaling neutral to slightly bullish momentum. 

The MACD (Moving Average Convergence Divergence) also points to mild bullish sentiment, with the MACD line above the signal line. However, the histogram suggests weakening momentum, hinting at potential consolidation or retracement before a breakout.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!