XRP Traders Eye Potential Gains Amid Trump Tax Reform Speculation and Pending US Spot ETF Approvals
Speculation surrounding former President Donald Trump’s proposed 2025 tax reform, which may eliminate federal income tax for individuals earning under $200,000, has fueled optimism in the cryptocurrency market, particularly for XRP. This policy could boost disposable income for up to 90% of Americans, potentially driving increased retail investment into cryptocurrencies. The momentum is further strengthened by ongoing anticipation of up to seven spot XRP ETF applications awaiting regulatory approval in the US from major firms such as Bitwise, Grayscale, 21Shares Core, Canary Capital, WisdomTree, CoinShares, and Franklin Templeton. ETF approval is expected to enhance institutional credibility and broaden market access for XRP. Prominent analysts, including Amonyx and ’All Things XRP,’ have underscored the asset’s favorable features—such as low fees and fast settlement—plus recent regulatory clarity as positive factors. While some price projections remain speculative, traders are advised to closely monitor these developments, as the intersection of tax reforms and ETF launches could significantly influence XRP’s liquidity, price trajectory, and trading volumes in both the short and long term.
Bullish
The convergence of potential US tax reforms eliminating federal income tax for most Americans and the anticipation of approval for multiple spot XRP ETFs could inject significant new capital into the crypto market, especially into XRP. Increased disposable income would likely drive fresh retail interest, while ETF approvals would enhance institutional credibility and accessibility for XRP. Analysts see these macro and regulatory shifts as strong bullish catalysts for both trading volumes and price appreciation in the short and long term, provided the proposed reforms and ETF launches materialize.