Ripple’s XRP token has been on a roll, outperforming the top 10 projects by market cap. 🔥 The asset had a great year in 2024, breaking the $2 mark for the first time in nearly seven years! This came after Ripple’s massive settlement with the Securities and Exchange Commission, where it agreed to pay a $125 million fine.
Currently, XRP's performance looks like this:
10.5% up on daily charts 📈
5% weekly increase 🌟
Stunning growth of 274.8% since January 2024 🚀
However, even with the uptrend, the token faced a minor correction of 9.1% last month.
Why is XRP rising?
The cryptocurrency market is recovering after a recent correction. Bitcoin (BTC) has reclaimed the $95,000 mark after briefly dipping below $93,000. This market recovery has provided a much-needed boost to XRP.
But there’s more to the story! XRP’s rally is also being driven by political developments. With Donald Trump’s inauguration as US president just weeks away, many investors are anticipating a long rally under his leadership. Trump’s policies have historically been supportive of the markets, and XRP seems to be riding that wave. 🌊
AI Predicts XRP Price 📊
According to CoinCodex, XRP is expected to reach $2.54 by January 20, 2025, which would represent a 7.63% increase from current levels.
But the real excitement begins after Trump takes office! 🎉 CoinCodex predicts XRP to hit $4.63 by March 19, 2025 — a staggering 96.19% surge! And that’s not all. With market momentum and the potential approval of WisdomTree’s ETF, XRP could cross the $10 mark in the near future. 🌟
What's next for XRP?
The future of the asset looks bright. With a combination of a market recovery, Trump’s leadership, and potential ETF approvals, XRP could be on the cusp of a historic rally.
If you are an XRP enthusiast, it's time to tighten your belts! 🚀 This is going to be an exciting ride.
What do you think? Can XRP hit $10 this year? Let me know your thoughts! 💬
