Bullish Ripple (XRP) Price Predictions, Upcoming Shiba Inu (SHIB) Developments, and More: Bits Recap Jan 14

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TL;DR

  • Ripples’s (XRP) price rebounded to $2.53 after recent volatility, with analysts predicting further growth fueled by Donald Trump’s inauguration, SEC leadership changes, and Ripple’s stablecoin launch.
  • Shiba Inu’s TREAT token goes live today, with major exchanges like KuCoin and Gate.io offering airdrops to incentivize user engagement within the ecosystem.
  • Bitcoin (BTC) recovered from a drop below $90,000 to near $95,000, with industry leaders forecasting strong momentum for the cryptocurrency in 2025.

XRP Price Explosion in the Making?

In recent days, Ripple’s XRP currency has experienced increased volatility. Over the weekend, its value surged nearly to $2.60, but the beginning of the business week brought a setback for buyers. On January 13th, due to the overall drop in the cryptocurrency market, XRP fell below $2.40. However, the last 24 hours have seen a significant recovery, and the asset is currently valued at $2.53, as reported by CoinGecko.

Based on opinions from various industry players, XRP appears to have significant potential for growth in the coming timeframe, given several key factors on the horizon. These include the inauguration of Donald Trump as the 47th U.S. President and the departure of SEC Chair Gary Gensler. Trump has demonstrated a favorable stance towards cryptocurrencies during his campaign, while Gensler is viewed as a significant adversary in the digital asset sector by many.

One well-known XRP user forecasted that there will be a significant shift in XRP’s movement on January 20, attributed to Donald Trump assuming office and Gary Gensler stepping down.

Other market analysts, such as CRYPTOWZRD and WSB Trader Rocko, anticipate a price surge for XRP. CRYPTOWZRD asserted that the previous resistance at around $2 has now turned into support, indicating a potential leap to a new record high of $4, followed by $8. This predicted trend is said to resemble the pattern leading up to the 2017 bull run and the subsequent surge in the following year.

In his own words, WSB Trader Rocko considers XRP’s price chart as remarkably optimistic within the crypto market. He believes that Ripple’s launch of its stablecoin (RLUSD) and possible collaborations with Donald Trump’s potential administration could propel the token to fresh highs.

TREAT on the Way

Shiba Inu has been grabbing headlines lately, thanks to a significant development within its ecosystem. As CryptoPotato previously reported, the meme coin TREAT, designed to boost utility and engagement among network projects, is set to debut today, January 14.

The top digital currency trading platforms that have adopted the token are KuCoin, Gate.io, Bitget, MEXC Exchange, among others. Notably, some of these platforms have also announced unique airdrops for their users.

Gate.io has announced that they will give away 1 million TREAT tokens, KuCoin is planning to distribute 3 million coins as an airdrop, and Bitget users will receive a share of 87.45 million tokens.

As a researcher, I encourage you to follow these steps if you’re interested in the offer: First, create an account on the platforms mentioned earlier. Next, navigate to Shiba Inu’s official website, where you’ll be required to provide a unique user ID and deposit into the designated address. Once these details are submitted, your account will be whitelisted, making it ready to receive TREAT tokens.

BTC Price Outlook

To wrap things up, let’s concentrate on the main digital currency that has seen significant price fluctuations recently. Bitcoin (BTC) began the week trading around $95,000. However, the bears quickly pushed the value down below $90,000, marking a two-month low.

In the last few hours, the bulls have regained a significant portion of their losses, pushing Bitcoin’s current price to around $95K, slightly below its mark.

The rise in price occurs concurrently with positive predictions from industry figures. For instance, Bitwise CEO Hunter Horsley believes 2025 might mark a significant year for Bitcoin and cryptocurrencies, as they have “an abundance of tailwinds and very few headwinds.

If you’re interested in learning more about potential future price trends and deciding if this could be the right moment for investment, feel free to watch our informative video below.

 

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2025-01-14 11:10