- Ripple CEO Garlinghouse gives credit to Trump for XRP’s successful growth.
- XRP DEX hits a milestone of $400 million in swap.
XRP Ledger native DEX swap daily volume reached about $17 million per day. Ripple CEO Brad Garlinghouse stated on January 28 that XRP DEX has achieved $400 million in swaps in January 2025. Moreover, since its launch, the DEX has processed over $1 billion in digital currency swap transactions.
Garlinghouse stated on X that there are several factors behind this milestone. The factors include “early but promising traction” for Ripple’s US dollar-pegged stablecoin RLUSD and numerous filings for the XRP ETF.
Garlinghouse believes 2024 would be a great year for Ripple’s XRP. In addition, JPMorgan Chase Co. has predicted that XRP Exchange-traded funds could attract over $8 billion in inflows into XRP.
Trump Behind The XRP Explosive Growth
Garlinghouse gave credit to US President Donald Trump for XRP’s recent growth. He believes in Trump’s ideology and his commitment to making the US world’s crypto capital.
In a January 5th, 2025 X post Garlinghouse highlighted,
“2025 is here and the Trump bull market is real. For Ripple, this is even more personal after Gensler’s SEC effectively froze our business opportunities here at home for years. The optimism is obvious and very deserved.”
Brad stated that Ripple is creating jobs for the U.S. where 75% of its open roles are U.S.-based. He added now their firm has grabbed more deals in the last six weeks as compared to the last six months.
According to CoinMarketCap data, the XRP price has advanced more than 500% since Donald Trump won the US presidential race. Last month, it increased by almost 47.58%, and in the last year, it grew by 484.07%. At present, XRP is 19% below its all-time high price of $3.84.