After Exploding by 18% in One Day, Is XRP a Buy?

On August 19, XRP prices experienced an 18.7% surge following a White House meeting between President Donald Trump, regulators and executives from companies including Ripple and Coinbase Global. This comes after a 64% drop from its all-time high in 2025, indicating that market sentiment could be turning. Despite this rally, XRP is still a 'buy' only based on sentiment, and not due to specific benefits.

The Ripple CEO's presence at the summit gave XRP a more bullish outlook, as he could directly appeal to the administration. However, XRP's tokenomics leaves much to be desired, as every transaction destroys a small amount of XRP, leading to minimal compensation for holders. While regulatory optimism may boost XRP in the near future, it is not currently recommended as a buy.