XRP It came within two cents of its all-time high price - which was set seven years ago - earlier Thursday in a close call that was punctuated by a weekly increase in the value of assets linked to Ripple.

The cryptocurrency peaked at $3.38 on Thursday, according to data from Queen Gekkocoming within 1% of the record mark of $3.40 set in January 2018. XRP has since retreated to $3.30, and is still up 10% over the past 24 hours.

Over the past week, XRP has risen by 45%, rising again after making huge gains in November and December. XRP has now jumped 560% since Election Day on November 5, when pro-crypto Republican candidate Donald Trump secured a second term in the White House. He will be sworn in on Monday.

The anticipation over the incoming Trump administration is certainly fanning the XRP fire. there Growing optimism XRP ETFs will be approved for trading in the US under Trump's Securities and Exchange Commission, after years of legal battles between Ripple and the current SEC regime led by Chairman Gary Gensler.

Even with the upcoming change in regulation, the SEC did just that He refused to back down From the lawsuit filed against Ripple. Wednesday, The SEC provided its opening summary In its appeal of the ruling that was partly in favor of Ripple, the company sought to reverse the court's previous classification of XRP.

Last week, Ripple CEO Brad Garlinghouse and Chief Legal Officer Stuart Aldroty met with Trump, and Garlinghouse shared a photo of the three men via X (formerly Twitter).

“Strong start through 2025,” Garlinghouse books.

The message applies equally to XRP's gains so far in 2025.