The value of Ripple's XRP token rose more than 5 percent today and currently stands at $0.535. The entire crypto market seems to be reacting positively to the news that Donald Trump has won the presidential election in the United States. This election result has led to a big rebound in various crypto currencies, with Bitcoin even reaching an all-time high with an increase of more than 8 percent, above $75,000.

XRP lags behind other altcoins

Although XRP's rise is noteworthy, it remains modest compared to other crypto currencies such as Dogecoin and Solana, both of which posted gains of more than 15 percent today. Still, Trump's election victory is expected to potentially provide greater long-term benefits for Ripple and XRP than the current price gains show.

Trump's impact on XRP and Ripple's lawsuits against the SEC

Ripple's XRP has long faced legal challenges due to the U.S. Securities and Exchange Commission's (SEC) ongoing lawsuits against Ripple. However, Trump has repeatedly expressed his intention to take a more crypto-friendly stance than his predecessors. In his campaign, he even promised to fire SEC Chairman Gary Gensler, a change that has been met with enthusiasm by XRP investors.

Some speculate that a change in SEC leadership could mean that the SEC may drop its appeal against Ripple. If this scenario materializes, it could be a huge breakthrough for Ripple and the value of XRP. Removing the legal uncertainty that has delayed XRP for years would pave the way for significant growth of the coin.

Outlook

With Trump's plans for a pro-crypto policy and the possible changes within the SEC, the future picture for XRP investors is more optimistic than ever. Although the current price appreciation seems modest, in the long run these developments could provide a strong foundation for further appreciation of Ripple's XRP.