#GasFeeImpact Ripple Rises Amid Japan Adoption Expectations, $20 Expectations
On February 18, Trump shared two Ripple-related articles on Truth, praising the president and sparking a wide-ranging discussion in the cryptocurrency world. The articles also discussed comments from Ripple CEO Brad Garlinghouse, who noted the increase in employment and job opportunities in the United States after Trump’s presidential election victory last November.
Since Trump’s victory, Ripple (XRP) has been among the best performing assets in the cryptocurrency market, especially after President Trump shared XRP-related content on Truth’s social media platform. This comes at a time of increasing institutional interest in digital assets, especially after the US Securities and Exchange Commission (SEC) officially approved more applications for Ripple exchange-traded funds.
On the other hand, speculation has increased that the Bank of Japan could boost the use of Ripple in international financial transactions, which could lead to a significant increase in institutional demand for it. According to experts' expectations, there is a possibility that the price of Ripple will rise to $20 if it is widely adopted by Japanese banks.