Post-Trump election and Gensler retirement, XRP has risen over 250% in 2024.
The SEC's appeal against Ripple and the XRP ETF launch might affect XRP's 2025 performance. If the crypto market remains optimistic until 2025, XRP might reach a new high above $4.75.
Ripple (XRP) continued its consolidation pattern after May 2021's severe decrease in the first 10 months of 2024. Prices were flat until November despite Judge Analisa Torres's August judgment in XRP's SEC dispute.
However, crypto-friendly candidate Donald Trump's election victory and SEC Chair Gensler's departure helped XRP break its three-year consolidation.
XRP rose 450% from November to December, reaching $2.90 on December 3, benefitting more than any other major crypto currency from optimistic sentiment. The surge made XRP the third-largest cryptocurrency, ahead of USDT, Solana, BNB, and Dogecoin, over $150 billion.
As 2025 approaches, XRP is expected to ride its current tailwinds to new highs and ETF acceptance. This might lead to significant institutional capital inflows into the remittance token.
Ripple-SEC four-year struggle nears conclusion
Since 2020, when the SEC accused Ripple Labs of generating $1.3 billion from unauthorized sales of its XRP coin in 2013, the regulatory struggle has progressed.
The lawsuit proceeded until 2023, when Judge Analisa Torres declared that exchange-sold XRP are not securities. This was a big triumph for the token and the crypto sector, which was under SEC inspection.
The Remedies Phase's last submission deadline was in May 2024, advancing resolution. Both sides filed papers opposing document seals.
The SEC wanted over $2 billion in fines for Ripple's institutional XRP sales, while Ripple claimed compliance and requested just $10 million.
The court ordered Ripple to pay $125 million instead of the SEC's $2 billion in August. The crypto community expected the regulator to appeal this verdict, but Ripple celebrated briefly.
