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Cryptocurrency News Articles

XRP Price Prediction: Why the Token Might Rally in January 2025

Jan 08, 2025 at 11:46 pm

XRP, in particular, is expected to continue its rocketing as Ripple's long-standing legal battle with the SEC might conclude near the same time as Trump's January 20 inauguration.

XRP Price Prediction: Why the Token Might Rally in January 2025

XRP price is expected to continue rising in January, with the potential for a significant rally if Gary Gensler steps down as SEC Chair on January 20 and Donald Trump takes office with a crypto-friendly administration.

The 119th Congress, which was recently sworn in, is considered to be the most pro-crypto Congress in history, setting the stage for favorable regulatory developments in the coming year.

Several internal and external factors are converging to create a bullish environment for XRP in January.

If Trump's inauguration sparks a rally similar to the post-election surge, XRP could experience a 401.85% increase from its current price of $2.33, reaching $11.69.

Technical analysis also provides some insights into XRP's potential price movements. Legendary trader Peter Brandt observed a "half-mast flag" bullish technical pattern, which, if it unfolds rapidly, could lead to a surge in XRP's market capitalization from $133 billion to $500 billion.

Earlier analysis by on-chain expert Ali Martinez suggested that XRP price could reach $48 in 2025, although this would be an ambitious target.

However, it's important to note that a XRP rally is not guaranteed, and several factors could prevent it from materializing.

For instance, XRP has been trading within a broad range, and without a decisive breakout above the resistance at $2.49, it could experience a drop toward support at $2.12.

Prominent trader Dom on X noted that XRP's price may have dropped further toward $2 had it not been for positive announcements in the last 24 hours, highlighting the pattern of bullish tweets interrupting a plunge.

Despite XRP's struggles under the SEC lawsuit, the token's performance in recent months has been noteworthy, with a 310.92% gain over the last 12 months, keeping it in the green despite the legal challenges.

XRP price has found some stability within the range of $2 to $2.50, which has been partially positive as it secured the November gains, but it has also stalled a further rally, at least for now.

Over the last 30 days of trading, XRP price has experienced a slight decline of 4.70%, bringing its price to $2.33 today.

News source:finbold.com

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