XRP Surges Amid Trump’s Surprise Endorsement, a Key SEC Settlement, and Growing ETF Speculation

XRP has once again seized the spotlight amid a dramatic convergence of political intrigue, legal developments, and renewed institutional interest.

Former President Donald Trump's surprise endorsement of XRP has sparked heated debate in the U.S. political scene, potentially complicating Ripple's case in its ongoing legal battle with the Securities and Exchange Commission (SEC).

Trump, known for his bold pronouncements, took to Truth Social to suggest that XRP could serve as a strategic reserve currency, directly implicating the administration in a matter that has engrossed the crypto community for months.

The endorsement, fueled by pro-XRP advocates who urged Trump to intervene, comes amidst speculation that asset management giant BlackRock may be preparing to file for an XRP-spot ETF.

A leaked letter from the firm hinted at discussions with the SEC's Crypto Task Force about expanding its ETF offerings, potentially including an XRP product.

The implications of such a move are significant, considering BlackRock's previous success with its iShares Bitcoin Trust (IBIT), which attracted over $44 billion in inflows from institutions.

Should BlackRock pursue an XRP-based product, the implications for institutional demand could be massive, possibly unlocking a wave of capital not yet seen in XRP's history.

However, Trump's involvement might complicate the case further. According to a report by The Defiant, sources familiar with the matter stated that the former president's aides are aware of the legal battle and have been discussing it with him.

This involvement could be problematic, as it appears to be an attempt to influence the legal system, which reacts poorly to political interference, especially in unresolved cases.

Moreover, the appearance of XRP in a draft policy document on strategic reserves triggered regulatory red flags, with sources confirming that due diligence reviews have been reopened following the unexpected inclusion.

This intervention highlights the increasing involvement of political figures in crypto matters, blurring the lines between economic policy and technological innovation.

As the dust settles on Trump's endorsement and the SEC's decision to reduce Ripple's penalty, the stage is set for the next chapter in the saga of XRP and its turbulent journey through the world of finance.