The XRP Rollercoaster: What’s Next for Ripple’s Native Token?
If you’re a crypto enthusiast, you’re probably still reeling from the wild ride that XRP took in the last quarter of 2024. After a relatively quiet year, the token suddenly skyrocketed, leaving many wondering what sparked the surge.
Was it just speculation, or is there something more substantial driving its growth? A Quiet Year, a Spectacular End
For most of 2024, XRP traded in a narrow range between $0.4 and $0.6. But all of that changed after the US presidential elections in November. When Donald Trump was re-elected, the token’s price began to climb, eventually reaching nearly $3 in less than a month.
So, what triggered this sudden surge? One major factor was the expected change in the US regulatory landscape. Trump had promised to replace Gary Gensler, the SEC chair who had been leading the charge against Ripple. Although Gensler ultimately resigned before the end of the year, the news still sent XRP’s price soaring.
A 225% Yearly Surge
XRP’s price gains were immediate, with the token spiking towards $3 on several occasions. Although it eventually retreated to under $2, it managed to recover some ground and ended the year at $2.08, representing a whopping 225% yearly surge. What’s in Store for 2025?
Now that we’re in a new year, the question on everyone’s mind is: what’s next for XRP?
Cryptocurrencies are notorious for their volatility, so it’s anyone’s guess how XRP will react to the changing regulatory landscape. According to ChatGPT, there are several key factors that could contribute to XRP’s continued growth. First and foremost is the potential new SEC chair, Paul Atkins, who has a history with crypto and could play a crucial role in resolving the ongoing legal case between the SEC and Ripple.
Another factor is the growing possibility of an XRP ETF in the US, similar to those approved for BTC and ETH in 2024. Such products not only validate the underlying asset but also attract fresh funding, which could drive up prices. A Potential New All-Time High?
Citing popular analysts, technical indicators, and the potential of these factors, ChatGPT predicts that XRP’s price could reach a high of $7, doubling its previous peak.
If that happens, its market cap would skyrocket to around $400 billion, similar to ETH’s current market cap. Of course, only time will tell if XRP will continue its upward trajectory. But one thing’s for sure: it’s going to be an exciting ride. Ready to Get in on the Action?
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Reported by Cryptopotato.com
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