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Cryptocurrency News Articles
XRP (XRP) Price Prediction 2025-2030: Will XRP Reach $100 this Cycle?
Jan 15, 2025 at 10:17 pm
O XRP is showing a significant rally today that has seen the asset reach a price milestone by breaking above the $2,69 zone for the first time
The price of XRP is rallying today, reaching a key price milestone by breaking above the $2,69 zone for the first time since December 17, 2024.
Cryptocurrencies are generally trading with strong gains in the market recovery, including XRP, which has seen significant gains in the last two days alone. Today, the token rose more than 12% on optimism about the potential appreciation of Ripple's native cryptocurrency.
But why is XRP rallying so much? Let’s take a look at some possible factors contributing to the rally.
One of the main beneficiaries of the market recovery is XRP, which is seeing considerable gains. This comes amid the recent intense movements of whales, which have been purchasing XRP at a large scale. According to data from renowned cryptocurrency analyst Ali Martinez, while the market was undergoing a sharp correction recently, whales purchased 1,09 billion XRP last week.
This suggests great optimism among whales about the upcoming bullish moves of the token and its growth prospects.
The analytics platform, Santiment, observed XRP investor optimism with the asset’s recent rise, which is being supported by the continued strong accumulation of wallets holding between 1 million to 10 million tokens.
“XRP investors are pleased to see the #3 market cap asset hit $2,69 today for the first time since December 17, 2024. But did you know that this is being supported by the ongoing massive accumulation of wallets holding 1 million to 10 million XRP, which now hold over 37% more coins than 2 months ago (approximately $3,8 billion worth of XRP added since its accumulation began on November 12, 2024).”
At the time of publication, the XRP price is trading at $2,88, up 12.5% over the past 24 hours. Additionally, on-chain trading volume has increased significantly over this period. XRP (XRP) trading volume is $13.550.820.275 over the past 24 hours, representing a 74,40% increase from a day ago and signaling a recent surge in market activity. In seven days, the price is up 17.7%.
The intense movements are coming ahead of an event that could propel XRP to new heights: the Trump administration. On January 20, Trump will begin his new term as president of the United States, and XRP is positioned to be one of the main beneficiaries of this movement, suggesting a potential rise in the coming days.
In addition, investors and enthusiasts believe that Gary Gensler’s departure from the helm of the Securities and Exchange Commission (SEC) may be another price driver of Ripple's native token.
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