For the week of January 12-18, 2025, XRP projections show some expected trends and movements:
- **Possible Bullish Break**: It has been observed that XRP is in a key zone, with a bullish breakout potential that could lead it to exceed $2.94. This movement is supported by technical analysis that indicates a possible significant increase if the currency breaks this level of resistance.
- **Support and Resistance**: There are key references with a strong support at $1.80 and a resistance at $2.94. If XRP fails to break the aforementioned resistance, it could fall back to the $2 support area.
- **Expected Volatility**: With Trump's inauguration and the departure of SEC President Gary Gensler, it is anticipated that XRP could aim for a 60% gain before these events, pointing towards $4 as a potential target.
These estimates are based on technical analysis and the political and economic context of the date in question, reflecting both optimism and caution in the cryptocurrency market.
2025 is here and the Trump bull market is real. For Ripple, this is even more personal after Gensler's SEC effectively froze our business opportunities here at home for years. The optimism is obvious and very deserved.
Today: ✅75% of Ripple’s open roles are now US-based, while over the last 4 years, the vast majority of hires were outside the US ✅We signed more US deals in the last six weeks of 2024 (since the election) than the previous six MONTHS
Team Trump is already jumpstarting innovation and job growth in the US with Scott Bessent, David Sacks, Paul Atkins and others at the helm, and they aren’t even in office yet! Say what you want, but the “Trump effect” is already making crypto great again – through his campaign, and in the Administration’s day 1 priorities.
ChatGPT conducted an analysis of the altcoin and determined, firstly, that if Ripple achieves victories against the SEC, XRP could soar to a range between 5 USD and 7 USD.
The partnership with banks to enhance cross-border payments and a widespread bullish trend in the crypto market could even lead XRP to exceed 10 USD by the end of next year.
If challenges persist, the AI stated that the altcoin would remain in a range between 1 USD and 2 USD. However, it clarified that the most reasonable expectation would be for it to settle near 5 USD by the end of 2025.
An enterprise-grade stablecoin for everyone. Ripple USD ($RLUSD) drops tomorrow on @UpholdInc, @MoonPay, @CoinMENA, @ArchaxEx and @Bitso, with @bullish, @mercadobitcoin, @ZeroHashX, @indepreserve, and @Bitstamp soon to follow.
According to CoinDesk, XRP, the native token of the XRP Ledger (XRPL) network, experienced a significant surge during the U.S. afternoon hours on Tuesday. This rise followed an announcement by Ripple CEO Brad Garlinghouse, who revealed that the company's stablecoin, RLUSD, had received regulatory approval from the New York Department of Financial Services (NYDFS). Garlinghouse shared the news on social media, stating that exchange and partner listings for RLUSD would soon be available. Following this announcement, XRP rallied by 10%, recovering from earlier losses and outperforming both bitcoin (BTC) and the broader market, as indicated by the CoinDesk 20 Index.Ripple has been strategically positioning itself in the rapidly expanding stablecoin market. In April, the company outlined its plans to introduce a stablecoin backed by short-term U.S. government bonds. Stablecoins play a crucial role in the crypto economy, particularly in global payments, which aligns with Ripple's business focus. Currently, the stablecoin market is dominated by Tether (USDT) and Circle (USDC), with a market size nearing $200 billion. However, forecasts suggest that the sector could grow to trillions of dollars in the coming years, and Ripple aims to capture a share of this market. Ripple President Monica Long highlighted the company's intention to leverage its established position in payment services among institutions and serve as a key intermediary for real-world asset tokenization. Tokenization, which involves placing traditional financial instruments on blockchain platforms for more efficient transactions, is gaining traction in the crypto industry.RLUSD is currently in beta testing on both the XRP Ledger and Ethereum networks. Ripple's Monica Long previously stated that the token was operationally ready, pending regulatory approval for its public launch. As of now, there are $41.7 million worth of RLUSD tokens on Ethereum and $10.4 million on the XRPL, according to data compiled by analytics firm CryptoQuant. This development marks a significant step for Ripple as it seeks to expand its influence in the stablecoin market and further integrate blockchain technology into traditional financial systems.