Since Donald Trump returned to office, XRP has experienced a significant surge, outpacing top rivals like Bitcoin, Ethereum, and Solana.
Notably, XRP declined by 5.5% over the past week, dropping 9.7% over the last 14 days. A breakdown on May 23 led XRP to fall below the $2.35 support level, eventually sliding to $2.24 by May 28. Attempts to reclaim bullish momentum were capped around the $2.35 zone.
While this short-term performance has been unimpressive, XRP proponents are taking solace in how far the asset has come, especially since pro-crypto Donald Trump became president.
XRP Beats Bitcoin Overall
Specifically, XRP has risen from approximately $0.50 on Election Day in November 2024 to around $2.29 at the time of this writing. This marks an increase of over 350% in the last six months. Meanwhile, other top XRP rivals like Bitcoin have posted below 60% gains during this time.
Notably, Ethereum rose by 10%, and Solana climbed only 9% during the same period. XRP community commentator Zach Rector drew attention to this divergence in a Wednesday tweet.
He made this side-by-side comparison to dismiss concerns about XRP’s ongoing underperformance amid Bitcoin creating multiple peaks above $110K this month. At the same time, XRP remains largely in the same place.
Just so we are clear.
Since the Trump election
XRP + 350%
SOL + 9%
ETH + 10%
BTC + 58%It is not even close…
— Zach Rector (@ZachRector7) May 28, 2025
This performance gap highlights XRP’s relative strength during the current administration’s tenure, even as it continues to trade below its January 2018 all-time high of $3.40.
Price Volatility and Market Reactions
Notably, XRP briefly touched $3.31 on January 18, 2025, just before Trump’s inauguration, but it failed to surpass its all-time high. Following this, the price dipped massively following several geopolitical developments.
On February 25, XRP temporarily dipped below $2.20 after Trump announced new tariffs targeting several global industries. The market responded with caution, causing the asset to hit a low of $1.79 by April 9 before stabilizing. Since then, XRP has traded within a sideways consolidation pattern, maintaining levels near $2.30.
Trump’s Political Shift Favors Crypto Sector
Under President Trump’s current administration, the cryptocurrency sector has seen notable regulatory shifts. Many policies established under President Biden have been rolled back, and a new wave of crypto-friendly initiatives has been introduced. Legislative proposals such as the Strategic Bitcoin Reserve and a Digital Asset Stockpile are now under review. These measures aim to manage Bitcoin assets acquired through forfeiture proceedings.
Additionally, Trump has appointed Paul Atkins to lead the Securities and Exchange Commission (SEC) to shift from previous regulatory approaches. The move reflects the administration’s alignment with pro-crypto perspectives after the digital asset sector increasingly channeled financial support toward Trump and like-minded lawmakers.
Technical Patterns Still Point to Further XRP Growth
Despite XRP’s recent price stagnation, analysts remain optimistic based on technical indicators. Analyst EGRAG highlighted a bullish “W” pattern on the 2-month market cap chart in November 2023, which fully formed by January 2025 with a market cap of $195 billion.
EGRAG projects a breakout above the neckline could push XRP’s market cap between $270 billion and $1.5 trillion. His initial target aligns with the Fibonacci 1.618 level at $270 billion, while a more aggressive forecast suggests potential gains up to $1.5 trillion, implying a 600% increase from current levels.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
