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.

READ MORE:

Cardano Hits $1 for the First Time in Two Years, Signaling Strong Market Momentum

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.

Alexander Zdravkov

Alexander has been working in the crypto industry for three years, during which time he has established himself through his active participation in monitoring market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional commitment, but a deep personal passion. He follows the news in the sector daily, analyzes trends, and is excited about every new step in the development of blockchain solutions. His enthusiasm drives him to continuously learn and share knowledge, as he sees the future in digital finance and its role in global transformation.