XRP Soars as Ripple CEO Applauds Trump’s Treasury Secretary Nominee

Ripple CEO Brad Garlinghouse recently shared encouraging news with the XRP community regarding the U.S. Treasury Secretary nomination by President-elect Donald Trump.

Trump’s choice of Scott Bessent, a well-known hedge fund manager and former strategist for George Soros, has sparked a wave of optimism among cryptocurrency enthusiasts. This announcement has fueled positive sentiment around XRP, contributing to a notable price surge for the asset.

Scott Bessent, nominated to lead the Treasury Department, brings a strong track record as an international investor and economic strategist. His previous high-profile bet against the British pound in 1992 has made him a respected figure in both the financial and crypto sectors.

Bessent’s appointment is being closely watched by Wall Street, and his stance on cryptocurrency adoption is already drawing attention from market participants. Ripple’s Garlinghouse has expressed support for the nomination, calling Bessent the ideal choice for fostering innovation, especially in the crypto space.

In response to this development, XRP has seen a sharp increase in value, rising by over 60% in just a week. The price has surged past $1.60, and the momentum continues with a 12% increase in the last 24 hours. Analysts are now predicting a potential price target of $2 for XRP.