With the year coming to an end, XRP is finally showing signs of recovery after taking a bearish turn. With reports indicating that Donald Trump’s fund is purchasing XRP, there are speculations over its impact on the token’s value. XRP is currently trading at $2.30, up over 16% in the last 24 hours. After a slight decrease in the past week, the price of XRP is experiencing a modest recovery.
Mark Yusko Highlights Trump’s Cryptocurrency Investments
Besides, Mark Yusko, founder of Morgan Creek Capital Management, recently highlighted Donald Trump’s alleged involvement in cryptocurrency investments. Yusko claimed that Trump and his son Eric have been actively acquiring digital assets, including Bitcoin (BTC), Hedera (HBAR), and Ripple’s XRP. According to Yusko, Trump’s investments, particularly in HBAR and XRP, could position him at the forefront of ETF approval for these cryptocurrencies.
Bull Run Imminent?
Trump’s support for cryptocurrencies could positively impact XRP, driving a positive trend in its price. On-chain analyst Ali Martinez recently shared that whales bought 80 million XRP since the price correction began on December 17. Another Crypto analyst recently shared an X post highlighting a comparison between XRP’s 2017 and 2024 price trends.
The chart shared in the post suggests XRP could mimic its previous bull run, potentially reaching $8–$13. The analysis shows historical patterns aligning with current market behavior, fueling excitement among XRP holders.
Yusko noted the rumors about potentially exempting U.S.-based cryptocurrencies from the capital gains tax, a move he believes could revolutionize the treatment of crypto in America and reshape the entire market.
Yusko Skeptical Over XRP’s Long-Term Potential
Also, despite the substantial market cap of XRP, Yusko expressed skepticism about its long-term potential and criticized XRP and Cardano for lacking meaningful innovation. Yusko is also optimistic about the U.S. government’s changing stance on digital currencies, with key figures, including Scott Bessent and the expected new SEC chief, openly supporting cryptocurrencies.
Rumors suggest that Trump’s administration plans to include XRP and HBAR in a national crypto reserve. Speculation grew after Shawn, a Hedera supporter, claimed that Trump’s team wants to classify these assets as “American Commodities” to strengthen the U.S. position in the global crypto market.
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