News Jan 17, 2025 07:16 UTC XRP surges 8.9%, fueled by rumors of inclusion in a US crypto reserve and despite criticism from Trump.Trump reportedly expressed displeasure with Ripple’s support for a rival candidate during the 2020 election.Increased market activity, including retail investor involvement and whale transactions, contributed to XRP’s recent price surge. Ripple’s XRP has grown by an impressive 8.9%, outperforming almost all top ten cryptocurrencies. Experts believe rumors about XRP potentially being included in the U.S. crypto reserve have contributed to this significant rise.But that’s not all—Ripple’s political involvement and a surprising twist in the U.S. election campaign have added fuel to the fire. So, what’s really behind XRP’s latest performance?A recent report by Axios reveals that U.S. President-elect Donald Trump Donald Trump Donald Trump is an American former president politician, businessman, and media personality, who served as the 45th president of the U.S. between 2017 to 2021. Trump earned a Bachelor of science in economics from the University of Pennsylvania in 1968. Trump won the 2016 presidential election as the Republican Party nominee against Democratic Party nominee Hillary Clinton while losing the popular vote. As president, Trump ordered a travel ban on citizens from several Muslim-majority countries, diverted military funding toward building a wall on the U.S.–Mexico border, and implemented a family separation policy. Trump has remained a prominent figure in the Republican Party and is considered a likely candidate for the 2024 presidential election President is unhappy with Ripple’s actions during his election campaign. Although the report doesn’t directly name Ripple, it mentions that Trump expressed dissatisfaction with the financial support Ripple provided to Kamala Harris’ team.Ripple co-founder Chris Larsen Chris Larsen Chris Larsen is an American business executive and angel investor best known for co-founding several Silicon Valley technology startups, including one based on peer-to-peer lending. In 1996, he co-founded the online mortgage lender E-Loan. In September 2013, OpenCoin changed its name to Ripple Labs, Inc., with Larsen remaining CEO.
Details: Organization: RipplePayments
Location: United States
Education: Graduated from San Francisco State University with a degree in International Business and Accounting
Skills: Development and Project Team Management Experience: Chief Executive Officer at Ripple from Sep 2012 – Present FAQ’s
1. When was Ripple founded?
In 2012, Larsen co-founded Ripple Labs.
2. What is the net worth of Chris Larsen?
Chris Larsen’s Net Worth Is Up $6 Billion
InvestorChief Executive Officer donated at least $10 million to a political action committee backing Democratic candidate Kamala Harris during the U.S. presidential campaign.Ripple and the Crypto Reserve DebateSpeculation about XRP being included in the U.S.
