The price of XRP gained more than 11% in half an hour and then a large sell order was placed on the spot market, causing the coin to drop by 10% in 2 seconds.
The XRP price, which managed to break the $1 barrier after a long time, rose to $1.26 with the last pump. At the time of writing this article, it is trading at $1.07.
These incredible recent increases in the XRP price came after cryptocurrency lover Donald Trump was elected President of the United States and Ripple CEO Brad Garlinghouse allegedly met with Trump. Garlinghouse, who appeared on Fox Business, did not comment on his meeting with Trump.
Similarly, the price of ADA, founded by Charles Hoskinson, who is claimed to serve as a cryptocurrency advisor in the new US administration, also experienced a pump.
*This is not investment advice.