Ripple has unlocked 500 million XRP from escrow at the start of the new year. This unlock is part of Ripple’s automated monthly releases. However, the memo on this transaction has generated significant interest from community members.
The memo referenced President-elect Donald Trump’s return to the White House, sparking speculation about its implications for XRP’s future, and the potential bull market his administration could bring.
Brett (@Brett_Crypto_X), a notable cryptocurrency expert, shared this transaction on X, fueling widespread discussion. A community commenter clarified that the memo was not directly from Ripple, as anyone on the ledger can initiate the escrow finish function. This allows them to add a memo to the transaction.
However, this has not deterred the community’s bullish sentiment, as the message represents the belief of many in the community regardless of the source. The memo reads: “January 20th is around the corner. Donald Trump will be in the WH, and we are going to make crypto great again!”
Ripple Unlocks 500,000,000 XRP From Escrow – But This Year Something’s Different
The memo is Sign for $XRP
January 20th is around the corner. Donald Trump will be in the White House, and we are going to make crypto great again! Is this a sign of an XRP bull market? pic.twitter.com/lkw04MwJiK
— Brett (@Brett_Crypto_X) January 1, 2025
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Why Is January 20 Special?
On January 20, 2025, Donald Trump will be inaugurated as the 47th president of the U.S. XRP experienced significant price increases during Trump’s last presidency, reaching its all-time high of $3.84 in January 2018.
Following Trump’s re-election in November 2024, XRP surged to $2.86, its highest level since 2018. These historical trends have fueled speculation that Trump’s return to office on January 20, 2025, could align with a renewed bull run for the cryptocurrency.
Notably, Gary Gensler, the current Chair of the U.S. Securities and Exchange Commission (SEC) has announced that he will resign on the same day. Gensler led the SEC’s failed war on crypto for years, and his departure will be a major turning point for the market.
Trump has affirmed his pro-crypto stance by nominating Paul Atkins, as Gensler’s successor. Atkins previously spoke on the SEC’s lawsuit against Ripple and other cryptocurrency companies, noting that Gensler’s approach was stringent despite initial expectations. This suggests that he could take a different approach, and this new administration could help the crypto market reach its true potential.
Prominent community members have voiced their thoughts on the situation. Xaif (@Xaif_03) noted that Trump’s return to the White House aligns with a big shift in the crypto space, and another commenter emphasized the potential significance of the upcoming inauguration date, declaring, “January 20th will change everything.”
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