In January 2025, Ripple's XRP seems ready 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 heights in the coming days.

Is XRP Ready to Reach New Heights?

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

  • Accumulation by Long-term Holders:

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

  • Increased Buying Pressure:

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

  • Overcoming Major Barriers:

XRP could test the resistance level at $2.9 after breaking out of the symmetrical triangle pattern, paving the way for new all-time highs.

  • The Role of the SEC:

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

  • Take Profit:

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

Future Outlook

With these five key factors, XRP is well-positioned to achieve new highs in January 2025. Furthermore, cryptocurrency analysts are confident and point out that the resistance at $2.9 is entirely achievable for Ripple, which could cause its price to surge beyond this threshold. However, Ripple's upcoming release of $300 million XRP could suppress prices. As Ryan Lee, the chief analyst at Bitget, thinks:

Ripple's anticipated release of $300 million XRP could have significant impacts on the market, primarily due to increased supply, which may create downward pressure. This move could raise concerns for investors if interpreted as a liquidity need or market manipulation, leading to fear, uncertainty, and doubt (FUD) that could trigger a massive sell-off.

In summary, XRP appears 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 level at $2.9 and aim for $100 by 2025.

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