In January 2025, Ripple's XRP appears to be poised for a significant price surge, according to cryptocurrency data. Since the beginning of the year, XRP has risen by 7%, extending the bullish trend that started during the New Year celebrations. This increase is supported by five key factors, allowing XRP to reach new highs in the coming days.

Cryptocurrency – Is XRP Ready to Reach New Heights?

Cryptocurrency data suggests that XRP is about to reach new highs in early 2025, thanks to 5 key factors.

  • Accumulation of long-term holders:

Long-term XRP holders (LTH) have continued to accumulate, outpacing sellers on major cryptocurrency exchanges since the beginning of 2025, thereby supporting the price increase.

  • Increased buying pressure:

On-chain data over the past 24 hours shows that buying pressure is dominant, with a net outflow of XRP from major exchanges (Binance, OKX, Bitstamp, and Bybit), indicating strong demand for this cryptocurrency.

  • Overcoming major hurdles:

XRP may test resistance at $2.9 after breaking out of the symmetrical triangle pattern, paving the way for a new historical high.

  • The SEC's role:

The appointment of Paul Atkins, a cryptocurrency supporter, as the head of the SEC on January 20 could alleviate legal hurdles for Ripple, facilitating XRP's rise.

  • Thu lợi nhuận:

After XRP's price increased by 12% on Wednesday, cryptocurrency investors have realized over $1 billion in profits, but long-term holders continue to accumulate, thus supporting the bullish trend.

Future Outlook

With these five key factors, XRP is well-positioned to reach new highs in January 2025. Furthermore, cryptocurrency analysts are confident and point out that resistance at $2.9 is entirely possible for Ripple, which could lead to its price surging beyond this threshold. However, Ripple's imminent release of $300 million XRP could depress the price. As Ryan Lee, chief analyst at Bitget, believes:

Ripple's plan to release $300 million XRP could have significant impacts on the market, primarily due to the increased supply, which may exert downward pressure. This move could raise concerns among investors if interpreted as a liquidity demand or market manipulation, causing fear, uncertainty, and doubt (FUD) that could lead to a massive sell-off.

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In summary, XRP seems ready for a price surge in January 2025, supported by ongoing accumulation from long-term holders and significant buying pressure on major exchanges. If this cryptocurrency trend continues, XRP could surpass the resistance at $2.9 and aim for a target of $100 by 2025.

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