As the political landscape shifts with the arrival of U.S. President Donald Trump, Ripple Labs is noticing a significant uptick in activity within the crypto market. This trend is particularly evident in their recent local deals and increased hiring efforts, both of which appear directly linked to the optimistic outlook surrounding Trump’s administration.
CEO Brad Garlinghouse recently expressed his enthusiasm in a post on X, stating, “2025 is here and the Trump bull market is real.” He emphasized how Ripple’s journey has been personal, particularly given the challenges posed by Gensler’s SEC, which had stifled their business opportunities for years. The sentiment around Ripple is shifting—there’s an optimism that’s both palpable and well-deserved.
Garlinghouse highlighted that in the last six weeks alone, the company secured more U.S. deals than in the previous six months combined. He confidently declared that the “Trump effect” is already revitalizing the crypto scene, propelled by campaign promises and immediate priorities for the administration.
In a notable shift, approximately 75% of Ripple’s open positions are now based in the U.S., a stark change from the company’s previous trend of expanding operations overseas during Joe Biden’s presidency. Ripple is not only focusing on hiring domestically; they are also making financial contributions to Trump’s upcoming inauguration, committing $5 million in XRP tokens.
Trader enthusiasm has surged alongside this political change, igniting speculation that a crypto-friendly Trump administration could significantly bolster tokens associated with U.S. companies like Ripple and Uniswap. Since Trump’s electoral victory, XRP prices have soared over 300%, leading the charge in the cryptocurrency market and outpacing the growth of other major tokens.
This excitement is not limited to the U.S. alone—traders globally are showing strong interest. Just last week, XRP experienced an impressive surge of over 11%, despite major cryptocurrencies generally remaining steady. This spike was largely driven by a staggering $1.3 billion in trading volume on Upbit, a South Korean exchange known for early signs of price fluctuations that typically lean to the upside.
Currently, XRP is trading above $2.40, relatively stable in the past day, amidst the broader crypto market dynamics. As Ripple navigates this renewed wave of optimism, the company appears well-positioned to capitalize on what many are calling the Trump effect, potentially reshaping the future of crypto in the U.S. and beyond.
