TL;DR
- XRP gained 20% in a week, with analysts predicting a rise to $3.70 or even $9.50 if key resistances are broken.
- Trump’s return as US president and pro-crypto SEC leadership could favor Ripple’s lawsuit, reducing regulatory uncertainty for XRP and potentially triggering upward pressure for the price.
Is XRP Gearing up for a Breakout?
2025 saw a significant rebound in the cryptocurrency market from its start, as many top digital currencies recorded substantial growth. Among these, Ripple’s XRP stands out for having experienced a nearly 20% price surge over the last seven days.
According to numerous experts, there is significant potential for further growth in the asset. Captain Faibik recently shared with his over 100,000 followers on X that XRP could be about to experience a “bullish flag breakout” on its daily chart. If the price surpasses its current resistance of approximately $2.45, analysts anticipate a potential increase of up to 50% to reach as high as $3.70.
According to CRYPTOWZRD, they pointed out the XRP/ETH trading pair as an indicator for potential rapid expansion in Ripple’s native token. The analyst also expressed a strong belief that reaching a new record high of $4 per coin is not just possible but seems unavoidable.
Experienced trader Peter Brandt recently shared his opinion as well. He predicts that XRP’s market capitalization could significantly increase beyond $500 billion in the coming period, based on the appearance of a “half-mast flag” pattern. Currently, its market cap is around $148 billion, and if this prediction comes true, it could lead to a surge in price, potentially reaching close to $9.50 per token.
A month ago, Brandt stated that XRP boasted “the most impressive chart within the entire crypto sphere.” However, his recent optimistic viewpoint on Ripple’s token diverges significantly from his generally skeptical stance towards it in previous statements.
XRP to Thrive During Trump’s Reign?
Donald Trump’s win in the U.S. presidential elections sparked a great deal of excitement within the XRP community, as he had made several pro-cryptocurrency pledges, including his intention to remove Gary Gensler as SEC Chairman on his first day in office.
The head of the agency is widely viewed as a formidable adversary in the realm of cryptocurrencies. Throughout his term, the securities regulator has initiated numerous legal actions against cryptocurrency companies, such as the high-profile lawsuit against Ripple.
Gensler chose to resign from his position and will officially leave on January 20th. His replacement, Paul Atkins, who is widely recognized as an advocate for the cryptocurrency industry, has been nominated by Trump. The XRP community anticipates that the new leadership at the Commission will adopt a more favorable stance towards the digital asset sector, potentially resolving the case against Ripple swiftly in their favor.
As a crypto investor, I’m keeping a close eye on the ongoing lawsuit involving XRP. Settling this case could significantly reduce regulatory uncertainty and spark increased investor interest in XRP. However, the legal complexities are quite substantial, suggesting that the proceedings might drag on for a few more years, even with the SEC’s new leadership.
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2025-01-07 15:50