Ripple has been listed alongside major firms as those who donated to a White House project. This comes as XRP rebounds, recording significant gains today.
Ripple Among Big Tech Firms That Donate To White House Project
XRP influencer Pumpius shared in an X post the private donor list of U.S. President Donald Trump’s new White House ballroom, which included Ripple. Other crypto firms on the list included Coinbase and Tether America, while Gemini founders Cameron and Tyler Winklevoss were also on the list.
Meanwhile, Ripple was listed alongside top tech firms like Amazon, Meta, Palantir, and Google. It is worth mentioning that this isn’t the first time that the crypto firm has donated to Trump or his administration. The company had donated almost $5 million to the U.S. president’s inauguration. Meanwhile, Ripple executive Stuart Alderoty had also donated to Trump’s campaign last year.
Ripple’s donation to the White House ballroom project has sparked excitement in the XRP community, as it could further strengthen ties between the firm and the Trump administration. This is a positive for XRP, which is at the center of Ripple’s operations. Notably, Trump had previously mentioned XRP as one of the coins to be included in the national digital asset stockpile.
The payment firm has also recorded major wins since Trump took office at the start of the year. This includes the dismissal of the XRP lawsuit, thanks to the regulatory clarity that the administration has provided. Ripple’s CEO, Brad Garlinghouse, also revealed that their operations in the U.S. had grown significantly since Trump won the elections. The crypto firm has also made three major acquisitions this year, including the purchase of prime broker Hidden Road.
XRP Rebounds Amid This Development
The XRP price has rebounded amid Ripple’s donation to the White House ballroom project. Notably, the token is the biggest gainer today among the top 10 cryptos by market cap. This comes despite the market downtrend, with Bitcoin trading sideways at the moment. Ripple’s donation has likely sparked a bullish sentiment among investors.
Another factor that has likely contributed to XRP’s rebound is Brad Garlinghouse’s reassurance to the XRP community. In an X post, he stated that “XRP sits at the center of everything Ripple does” even as they continue to build solutions to enable an “internet of value.” He also told the XRP community to “lock in.”
This came as he commented on the firm’s completion of the $1.25 billion Hidden Road deal. The crypto firm stated that the prime broker will complement its payment services, which use XRP.
At the time of writing, the XRP price is trading at around $2.55, up over 5% in the last 24 hours, according to data from CoinMarketCap.
Featured image from Pxfuel, chart from Tradingview.com
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