XRP Defies Trump Slump as Major Cryptocurrencies Erase Post-Election Gains

As the Trump pump turns into a slump, Ripple’s XRP is the holdout, keeping the majority of its post-election gains as the other top five cryptocurrencies have lost most of theirs.

On Nov. 4, one day before the Presidential election, XRP sat at $0.50. Today it sits at $2.46, up 392%. That’s down substantially from its $3.31 high on Jan. 17, according to CoinGecko, but it’s still a huge gain from its pre-election price.

At $85,808 at press time, Bitcoin is down 26% from its $108,786 all-time high on Jan. 20. While it’s still up since Nov. 4, its gains look weak compared to XRP. And Bitcoin has acted like an anchor, pulling the rest of the crypto market down with it.

The rest of the top five were hit far worse. Ether took a pounding, down 11% from Nov. 4, and at $2,120 down 47% from its Dec. 6 high, according to CoinGecko.

BNB is down 23% from its Dec. 7 high of $756 and up just 6% overall since Nov. 4.

Rounding out the top five cryptocurrencies (excluding stablecoin USDT) is Solana’s SOL, which has lost 48% since its Jan. 19 high. SOL is down 14% since Nov. 4.

Legal Clarity

Ripple, the company behind XRP, has been slugging it out in court with the Securities and Exchange Commission (SEC) for years. While it won a recent judgement, the SEC appealed and left the future muddy. However, with the change in administrations, the newly crypto-friendly SEC has been closing investigations, dropping lawsuits, and working on settlements at a furious clip. Ripple’s case seems likely to end soon as well.

“XRP’s resilience compared to BTC, ETH, SOL, and BNB may stem from growing speculation that the SEC will drop its lawsuit against Ripple, boosting investor confidence,” said Sidney Powell, CEO and co-founder of Maple Finance.

“Its strong presence in cross-border payments and institutional partnerships could also be driving demand. Meanwhile, broader market trends, including Bitcoin’s post-election pullback and shifting investor sentiment, are influencing price movements. XRP’s performance appears more linked to potential legal clarity and institutional adoption,” he added

Uncertain Times

In uncertain times like these, with a tariff-based trade war on the horizon, the reality tends to be as goes Bitcoin, so goes the market.

Noting that analysts have cited many reasons and predicted many outcomes for the ongoing Bitcoin correction, Bitget research chief analyst Ryan Lee said that “while many factors play a role, it’s also important to note that historically Bitcoin, even in a bull market, crashes 30% to 40% before rising upwards.”

He added that “the consolidation stability may have been destabilised with the ongoing tariff war and the pullback of hedge funds such as Blackrock, Arc, Fidelity and many more.”

Regardless of the short-term market declines, Lee said he expects “a market rebound if BTC doesn’t drop below $75,000 to $71,000 range.”