The total value of Ripple’s XRP holdings has skyrocketed by around $125 billion since Election Day.
This impressive figure shows how much US crypto companies have benefited from Donald Trump’s re-election, and explains why they are so enthusiastic about supporting the incoming president-elect’s administration.
According to Ripple’s latest financial reports, the company currently holds around 4.44 billion XRP in liquid assets and oversees nearly 39 billion XRP locked in escrow. XRP was developed by Ripple’s founders in 2012.
Ahead of the 2024 presidential election, XRP was priced at just $0.50. Since then, its value has skyrocketed. This week, the token has come close to its all-time high of $3.40, hitting $3.38 today. In total, Ripple’s XRP holdings are now worth $146.48 billion, up from just around $21 billion in November.
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