XRP Price Rallies 70%: Driven by pro-crypto policies, Robinhood relisting, and regulatory easing.

Ripple CEO Brad Garlinghouse has shed light on the factors behind XRP's remarkable 70% rally, which propelled its price to a two-year high of $0.9193.

XRP price has skyrocketed by 70% in two weeks, reaching a two-year high of $0.9193 on Monday. This remarkable rally has been fueled by several key factors, including pro-crypto policies under the new U.S. administration, Robinhood’s relisting of XRP, and easing regulatory constraints in the U.S.

Ripple CEO Brad Garlinghouse has highlighted these developments as major drivers behind XRP’s impressive performance. In an interview with FOX Business, Garlinghouse thanked 18 state attorneys for joining lawsuits against the SEC over its approach to crypto regulation.

“The attorneys realized that the SEC is stifling innovation in the U.S.,” Garlinghouse said, adding that U.S.-based crypto assets will now be able to grow “tremendously.”

In the wake of the 2020 presidential election, XRP price has also benefited from President-elect Donald Trump's support for blockchain innovation and entrepreneurship. According to Garlinghouse, Trump is a “crypto president” who has personally embraced the cryptocurrency industry.

“I think it's very genuine. The crypto industry has embraced Trump, and Trump has embraced the crypto industry,” Garlinghouse remarked.

This optimism has extended to U.S.-linked cryptocurrencies like Solana (SOL) and Cardano (ADA), which have also experienced significant growth since Election Day. Garlinghouse attributed this growth to easing regulatory pressures on these assets, which has allowed them to flourish.

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