#BinanceMegadropSolv
XRP Rises 10% to $2.3 in Early 2025! What are the Prospects in January 2025?
XRP) opened 2025 with an impressive performance, rising 10% in the last 24 hours to reach Rp37,375 ($2.3). This figure was last seen on December 26, according to data from CoinGecko.
While many major crypto assets such as Bitcoin (BTC) and Ethereum (ETH) tend to be stable, XRP shows strong traction in the market. Bitcoin, which is currently trading around Rp1.53 billion ($94,000), has shown little movement. However, several other altcoins, such as Stellar (XLM) and Fantom (FTM), recorded double-digit increases.
Impact of Political and Regulatory Developments
The surge in XRP trading volume also coincided with political developments in South Korea, including the issuance of an arrest warrant for President Yoon Suk Yeol. On the other hand, in the United States, the inauguration of Donald Trump as the 47th President on January 20 is expected to bring about major changes in crypto regulation.
The resignation of SEC Chairman Gary Gensler on the same day is expected to create a more cryptocurrency-friendly environment. For the Ripple community, this could be the end of the long-running legal battle between Ripple and the SEC, paving the way for clarity on the legal status of XRP.
