Friday saw a 22% increase in the price of Ripple (XRP), bringing the total to $2.47, as the cryptocurrency market got off to a good start in 2025.
According to data stored on the blockchain, the price increase occurred on January 1st, the same day that Ripple sent 500 million XRP into escrow with a mysterious message mentioning Trump.
There is potential for more price appreciation when market mood recovers following the Christmas sell-off, as shown by Tuesday's sharply negative XRP Weighted mood.
With the mega-cap cryptocurrencies getting off to a good start in 2025, Ripple's (XRP) price hit a 14-day high of $2.5 on Friday.
The on-chain data indicates that XRP pricing has the ability to achieve bigger increases as the inauguration of US President-elect Donald Trump draws closer, even if market sentiment is still trending cautious.
As Ripple's Trump remark causes controversy, XRP begins 2025 with a 23% surge.
Ripple follows a monthly timetable to regulate the token supply, and on Wednesday, 500 million XRP tokens were freed from its escrow account.
But the market has responded positively to Ripple's most recent transaction, which included a cryptic message about Trump's impending inauguration.
The recent transaction details from Ripple were accompanied by a note, which XRP community influencer JackTheRippler informed his 302,400 X followers about.
"The 20th of January is just around the corner," the meme stated. "We are going to make crypto great again," Trump promised after he became office.
The accompanying graphic shows that XRP began Wednesday's trading at $2.1 per coin. Overtaking Tether (USDT) as the third biggest cryptocurrency project by market capitalization, Ripple's XRP price has skyrocketed by 23% to achieve the $2.5 level on Friday, after the inclusion of the Trump reference in their last escrow transaction.
Despite recent increases, market mood is cautious.
Even if prices have been climbing recently, aggregated data from on-chain sources shows that market sentiment has not yet recovered from the negative headwinds caused by the US Federal Reserve (Fed) in the second part of December.
Above, we can see that as of Friday, XRP Weighted Sentiment was still trending at -0.2, indicating that the number of negative comments continues to surpass the number of positive ones.
Even if there were gains of 23% in the first three days of 2025, most traders are still wary, according to this.
For two main reasons, this basically suggests that the price of XRP has further room to rise.
First, new money may enter the market as confidence rises, because many traders may still be sitting on the sidelines due to the persistently unfavorable attitude.
Second, XRP whales and other big institutional buyers are putting pressure on prices to surge, which is happening at a time when the market as a whole is being cautious.
The present market dynamics suggest that XRP pricing has the potential to go beyond $3 in the days leading up to Trump's inauguration on January 20.
XRP outperformed BTC and ETH as the crypto markets started 2025 with positive momentum, rising 23% to $2.5 just three days, because to Ripple's enigmatic message relating to Trump that was contained in its Wednesday transaction note.
The weighted sentiment for XRP is still negative, indicating that cautious market attitude is still despite the price increase.
Because of this, there is a chance that the market may see greater gains in the days before Trump's inauguration, as traders who have been sitting on their hands may decide to get back in.
Additional evidence of significant buyer demand and increasing trade volumes provide credence to XRP's positive prognosis.
Nonetheless, there is still room for growth until the market becomes saturated, since the Parabolic SAR is above the present price.
Next time prices try to break out, they may go for $3, the next big resistance level, if the $2.67 level is broken.
If bearish forces intensify, $2.10 will act as a crucial level, and $2.30 will act as support further down the road.
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