The post Ripple News Today : Did US Crypto Reserve Rumors Fuel XRP Price? appeared first on Coinpedia Fintech News
With an impressive growth of 8.9%, Ripple’s XRP has outperformed almost all the top ten cryptocurrencies. Experts believe that rumours related to XRP’s potential inclusion in the proposed US crypto reserve have helped the asset achieve such massive growth.
Meanwhile, a report, without directly naming Ripple, reveals that Trump is unhappy with the way Ripple behaved during the crucial stage of his election campaign.
Trump’s Allegations Against Ripple
According to the report published in Axios, during a conversation with representatives of a company, US President-elect Donald Trump 
Donald Trump
Donald Trump is an American former president politician, businessman, and media personality, who served as the 45th president of the U.S. between 2017 to 2021. Trump earned a Bachelor of science in economics from the University of Pennsylvania in 1968. Trump won the 2016 presidential election as the Republican Party nominee against Democratic Party nominee Hillary Clinton while losing the popular vote. As president, Trump ordered a travel ban on citizens from several Muslim-majority countries, diverted military funding toward building a wall on the U.S.–Mexico border, and implemented a family separation policy. Trump has remained a prominent figure in the Republican Party and is considered a likely candidate for the 2024 presidential election
President
expressed unhappiness about the financial support it had given to the Kamala Harris
Kamala Harris
Kamala Harris is an American politician attorney, and currently serving as vice president of the United States. She is the first female vice president and the highest-ranking female politician in the U.S. Kamala was Born in Oakland, California, and graduated from Howard University with a degree in political science and economics, and later pursued her law degree from the University of California, Hastings College of the Law. As a politician, she implemented stricter laws, the DREAM Act, and federal legalization of cannabis, healthcare, and taxation reform. Harris secured enough non-binding support from delegates to become the speculative nominee of the Democratic Party.
Vice President
team.
Ripple co-founder Chris Larsen
Chris Larsen
Chris Larsen is an American business executive and angel investor best known for co-founding several Silicon Valley technology startups, including one based on peer-to-peer lending. In 1996, he co-founded the online mortgage lender E-Loan. In September 2013, OpenCoin changed its name to Ripple Labs, Inc., with Larsen remaining CEO.
Details:
Organization: RipplePayments
Location: United States
Education: Graduated from San Francisco State University with a degree in International Business and Accounting
Skills: Development and Project Team Management
Experience:
Chief Executive Officer at Ripple from Sep 2012 – Present
FAQ's
1. When was Ripple founded?
In 2012, Larsen co-founded Ripple Labs.
2. What is the net worth of Chris Larsen?
Chris Larsen's Net Worth Is Up $6 Billion
InvestorChief Executive Officer
donated at least $10 million to a political action committee supporting Democratic candidate Kamala Harris during the US presidential election campaign.
Rumours of a US Crypto Reserve Featuring XRP
It was a story published in the New York Post that triggered discussions about the possible inclusion of Ripple’s XRP in the proposed crypto reserve. When asked whether they have any role in spreading rumours regarding XRP’s probable entry into the reserve, the company denied any role in planting the story.
XRP’s Record Price Surge
In the last five days alone, the XRP market has seen a growth of around 32.48%. At the start of this month, the price was at $2.0841. Since then, it has surged by around 59.17%. Yesterday, the market touched a seven-year peak of $3.40. Right now, it stands at $3.3204.
Experts think that retail investors and whale transactions played a key role in the surge witnessed in the XRP market lately.
Rising Onchain Activity for XRP
Reports highlight that the number of daily active wallets holding XRP increased from 10,000 to 100,000 in the previous year. The liquidity on the XRPL DEX quadrupled indicating increased market activity.Â
In conclusion, Trump’s criticism of Ripple and the ensuing market frenzy around XRP highlight the delicate intersection of politics, crypto and market sentiment.
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