XRP Price Prediction 2025: Market Cap Rising, Positive Momentum Booming
Ripple’s XRP has started the new year strong, overtaking Tether (USDT) to become the third-largest cryptocurrency by market cap, which has surpassed $141 billion.
The digital currency is currently trading at $2.4, up 2% on the day and 15% on the week.
Ripple’s Price Boom Factors:
New Legislation: The European Union’s MiCA legislation has eroded investor confidence in stablecoins, such as USDT, giving XRP an opportunity to strengthen its position.
Institutional Support: Interest in launching an ETF dedicated to XRP has been on the rise, with companies like WisdomTree applying for approval.
Ripple’s Stablecoin (RLUSD) Launch: A Step to Boost Institutional Cross-Border Payments.
XRP is showing a strong uptrend as it approaches the resistance at $2.6 after bouncing off the support at $1.98.
Technical indicators, such as the RSI of 61, show the potential for further upside.
With positive momentum and support from a favorable regulatory environment, the XRP price is forecasted to reach $10 by 2025.
Recent events, such as the resignation of the SEC chairman, are boosting investors’ hopes for a brighter future for XRP.
