XRP is currently trading at $2.33, showing a minor dip of 2.9% from its recent highs. Over the past week, it climbed 14% to a peak of $2.46, before stabilizing between $2.34–$2.46.
Key factors influencing XRP:
1. Market Momentum: Bitcoin’s surge past $100K has positively impacted the crypto market.
2. Regulatory Optimism: Anticipated crypto-friendly policies under the new administration are boosting investor confidence.
3. Investor Activity: Dormant XRP worth $470M has re-entered circulation, contributing to price consolidation below the $2.50 resistance.
With the upcoming U.S. presidential inauguration on January 20, expectations of favorable crypto policies may spark new momentum for XRP.
